Financial Preparation

• Determine your total investment budget (property + transaction costs + reserves)
• Establish a currency exchange strategy (USD/CAD to JMD)
• Research historical exchange rates to identify favorable timing
• Set up international wire transfer capabilities with your home bank
• Consider opening a Jamaican bank account (requires in-person visit)
• Evaluate tax implications in both Jamaica and your home country
• Arrange financing if needed (limited options for foreigners)

Market Research

• Identify target areas based on investment goals (rental income vs. capital appreciation)
• Research neighborhood-specific price trends and rental yields
• Join online forums for property investors in Jamaica
• Subscribe to property market reports (REMAX Jamaica, Coldwell Banker Jamaica)
• Analyze infrastructure projects and tourism development zones
• Research tourist demographics and rental demand in target areas
• Plan a preliminary market visit to evaluate areas firsthand

Professional Network Development

• Connect with attorneys specializing in property purchases for foreign clients
• Identify real estate agents with experience in investor purchases
• Research property management companies in your target market
• Establish contact with currency exchange specialists
• Find a Jamaican tax accountant familiar with foreign investor concerns
• Connect with property inspectors and surveyors
• Identify local contractors if renovation will be required

Expert Tip: Jamaica’s property market has distinct seasonal patterns influenced by tourism and weather. The winter months (December-April) typically see the highest tourist traffic and potential short-term rental income, making it an excellent time to observe peak market performance. However, the summer and fall (May-November) often present better buying opportunities with less competition and more motivated sellers. Consider timing your property viewing trip during the shoulder season (May-June or November) to balance authentic market conditions with potential negotiation advantages.

Recent Regulatory Development: Jamaica has strengthened its anti-money laundering (AML) regulations in recent years, increasing documentation requirements for company formations. Foreign investors establishing Jamaican companies must now provide more extensive background information, certified identification documents, and proof of funds sources. Working with a reputable local attorney is essential to navigate these requirements efficiently.

Banking Setup

• Jamaican Bank Account Options:
  • Commercial banks: National Commercial Bank (NCB), Scotiabank, CIBC FirstCaribbean
  • USD accounts available: Maintain funds in USD to avoid currency fluctuation
  • Online banking: Available but may have limited functionality compared to North American standards
  • International transfers: Available but can be slow and expensive
• Typical Requirements:
  • Passport/identification
  • Proof of address (in home country)
  • Jamaican TRN (Taxpayer Registration Number)
  • Reference letters from existing bank
  • Source of funds documentation
  • In-person visit (required for initial account opening)
• Alternative Approach: Many foreign investors complete property transactions without a Jamaican bank account by using their attorney’s client account for the purchase and then setting up property management with direct transfers to overseas accounts.

Financing Options

Most foreign buyers use cash for Jamaican property purchases, but limited financing is available:

1. Jamaican Bank Mortgages for Foreign Nationals:
   • Availability: Limited and selective, primarily through major banks
   • Deposit Requirements: 30-50% for foreign buyers
   • Interest Rates: 7-9% (significantly higher than North American rates)
   • Loan Terms: Typically 5-15 years (shorter than North American standards)
   • Documentation: Extensive, including credit history, income verification, and tax returns from home country
2. Seller Financing:
   • Increasingly common for foreign buyers
   • Typical terms of 3-5 years with balloon payment
   • Interest rates generally 6-10%
   • Requires careful legal documentation
3. Developer Financing:
   • Available for new developments and pre-construction
   • Often structured as installment payments during construction
   • May offer 2-5 year financing post-completion
   • Terms vary widely by developer
4. Home Country Financing:
   • Refinancing existing properties in North America
   • Home equity lines of credit (HELOCs)
   • Portfolio loans against investment accounts
   • Often the most cost-effective option despite exchange considerations

Currency Management

The Jamaican Dollar (JMD) has historically experienced depreciation against the USD and CAD, creating both risks and opportunities:

• Exchange Rate Considerations:
  • JMD tends to depreciate 3-5% annually against USD/CAD
  • Property prices in prime areas often quoted in USD
  • Rental income may be earned in JMD, USD, or mixed depending on target market
  • Maintenance and operational costs primarily in JMD
• Currency Services:
  • Specialized services like Wise (formerly TransferWise) typically offer better rates than banks
  • Consider maintaining USD accounts in Jamaica for rental income
  • Regular payment services for ongoing costs
• Income Repatriation:
  • No capital controls restricting movement of funds
  • Tax clearance certificate required for large transfers
  • Maintain accurate records for tax purposes in both countries

Currency management is a significant consideration for Jamaican property investment. While USD-denominated transactions provide some stability, operating expenses in JMD can become more favorable over time if the JMD continues its historical depreciation trend. Most sophisticated investors maintain both USD and JMD accounts to optimize currency positioning.

Property Search Resources

• Online Property Portals:
  • JamaicanPropertySales.com – Comprehensive listings across the island
  • Jamaica Gleaner Property – Property section of major newspaper
  • Century 21 Jamaica – International agency with local presence
  • Coldwell Banker Jamaica – Focus on higher-end properties
• Real Estate Agents:
  • International franchises: RE/MAX, Century 21, Coldwell Banker
  • Local agencies: Jamaica Sotheby’s, Realty Executives Jamaica
  • North American-focused agents specializing in foreign buyers
  • Note: Multiple Listing Service (MLS) is not comprehensive in Jamaica
• Property Auctions:
  • Bank foreclosure auctions (advertised in newspapers)
  • Government land sales and privatizations
  • Major auction houses like Victoria Mutual Property Services
  • Requires significant due diligence
• Direct Developer Purchases:
  • New construction and pre-construction opportunities
  • Resort and villa development projects
  • Often better pricing for early-stage investors
  • Higher risk but potential for best appreciation

Property Viewing Trip Planning

For overseas investors, an efficient property viewing trip is essential:

1. Pre-Trip Research:
   • Identify 10-15 potential properties before arrival
   • Schedule viewings in advance (properties can move quickly in prime areas)
   • Research neighborhoods thoroughly online
   • Arrange meetings with attorneys, property managers if needed
2. Trip Logistics:
   • Plan at least 5-7 days for a comprehensive search
   • Consider splitting time between different regions if exploring multiple areas
   • Rent a car or hire a driver (driving is on the left side)
   • Schedule viewings in geographical clusters to maximize efficiency
3. During Viewings:
   • Take detailed photos and videos
   • Note condition of structure, roof, utilities
   • Check cell service and internet availability
   • Inquire about flooding history and hurricane impacts
   • Note proximity to beaches, attractions, and amenities
   • Visit at different times of day if possible
4. Local Exploration:
   • Explore the neighborhood beyond the property
   • Talk to local residents and businesses
   • Check out local amenities and infrastructure
   • Assess accessibility during different weather conditions

Property Evaluation Criteria

Assess potential investments using these key criteria:

• Location Factors:
  • Proximity to tourist attractions (for vacation rentals)
  • Beach access and quality (for coastal properties)
  • Distance from airports and major roadways
  • Local amenities (grocery stores, restaurants, medical facilities)
  • Security considerations and gated communities
  • Proximity to infrastructure development projects
• Building Quality:
  • Hurricane resistance and construction standards
  • Age and condition of roof (critical in tropical climate)
  • Electrical system capacity and condition
  • Water supply system (municipal, well, rainwater catchment)
  • Septic system or sewer connection
  • Air conditioning systems and efficiency
  • Signs of termite damage or tropical decay
• Rental Potential:
  • Historical occupancy rates for area
  • Vacation rental regulations for specific community
  • Competition analysis for similar properties
  • Potential for value-add improvements
  • Suitability for target rental market (families, couples, groups)
  • Potential for year-round vs. seasonal rental
• Financial Considerations:
  • Price per square foot compared to area average
  • Maintenance costs in tropical environment
  • Property tax assessments
  • Insurance costs including hurricane coverage
  • Utility costs particularly electricity (higher than North America)
  • HOA or strata fees if applicable
  • Potential for appreciation based on local trends

Expert Tip: In Jamaica, property values can vary dramatically within small geographic areas based on views, elevation, and proximity to amenities. Ocean views command significant premiums (often 30-50%), but also consider practical factors like ease of access, road conditions, and security. Properties at higher elevations typically offer better breezes, lower humidity, and fewer mosquitoes—valuable features that improve both livability and rental appeal. When evaluating coastal properties, verify whether beach access is public, private, or shared, as this substantially impacts value and marketability.

Legal Due Diligence

• ✓
  Title Verification: Conduct a thorough title search going back at least 20 years
• ✓
  Land Registry Search: Verify ownership and encumbrances at National Land Agency
• ✓
  Property Tax Verification: Check for outstanding property taxes and payment history
• ✓
  Boundary Verification: Confirm surveyed boundaries match actual occupation
• ✓
  Easements & Rights of Way: Identify any registered or unregistered access rights
• ✓
  Zoning & Land Use: Verify permitted uses and development restrictions
• ✓
  Utilities Verification: Confirm legal connections to water, electricity, and sewage
• ✓
  Strata/HOA Review: Assess rules, fees, and financial stability of association if applicable

Physical Due Diligence

• ✓
  Property Inspection: Complete professional assessment of structural integrity
• ✓
  Hurricane Resilience: Evaluate construction quality for hurricane resistance
• ✓
  Roof Assessment: Check condition, materials, and water management systems
• ✓
  Termite/Pest Inspection: Identify damage from wood-destroying organisms
• ✓
  Water Systems: Test water quality, pressure, and storage capacity
• ✓
  Electrical Assessment: Check wiring, voltage consistency, and generator capacity if present
• ✓
  Internet Connectivity: Test actual speeds and reliability
• ✓
  Drainage Assessment: Evaluate property for flood risk during heavy rains

Financial Due Diligence

• ✓
  Comparative Market Analysis: Verify price alignment with recent comparable sales
• ✓
  Rental Income Verification: Review actual rental history or comparable properties
• ✓
  Utility Cost Analysis: Obtain copies of actual utility bills for past 12 months
• ✓
  Property Management Quotes: Secure management cost estimates from multiple providers
• ✓
  Insurance Assessment: Obtain quotes for property, hurricane, and liability coverage
• ✓
  Tax Calculation: Determine transfer tax, stamp duty, and annual property tax
• ✓
  Maintenance Reserve Analysis: Develop projected maintenance cost schedule
• ✓
  ROI Calculation: Create comprehensive cash flow projections with realistic vacancy rates

Expert Tip: In Jamaica, “family land” issues can create unexpected title complications. This cultural practice of shared, often informal, ownership among family members can sometimes result in unregistered interests or claims. Even with a seemingly clear title, it’s advisable to inquire with neighbors about the property’s history and engage an attorney experienced in foreign purchases who can investigate any potential historical family claims. Additionally, title insurance, while not yet widespread in Jamaica, is increasingly available for foreign buyers and should be considered for added protection.

Offer and Negotiation

1. Make an Offer: Typically done through a real estate agent via formal offer letter
2. Negotiation: Back-and-forth on price, terms, and included furnishings
3. Offer Acceptance: Verbal agreement (not legally binding at this stage)
4. Agreement for Sale: Attorney drafts preliminary contract with key terms
5. Deposit: Typically 10% paid upon signing Agreement for Sale

Negotiation in Jamaica often involves more flexibility on price than North American markets, particularly for properties that have been listed for extended periods. Including furnishings is common, especially for vacation properties, and should be specifically itemized in the Agreement for Sale to avoid misunderstandings.

Legal Process

1. Attorney Engagement: Retain a Jamaican attorney to represent your interests
2. Initial Legal Work:
   • Title search and verification
   • Property tax compliance check
   • Review/preparation of Agreement for Sale
3. Due Diligence Period:
   • Typically 30-45 days after Agreement for Sale
   • Conduct all inspections and searches
   • Review all documentation
   • Address any issues discovered
4. Land Acquisition Permit (if applicable):
   • Required for non-residents purchasing over 1 acre
   • Submit application to National Land Agency
   • Processing time of 3-6 months
5. Closing Preparation:
   • Final review of title and documents
   • Calculation of closing costs
   • Preparation of transfer documents
   • Coordination with seller’s attorney
6. Closing/Settlement:
   • Balance of purchase price transferred
   • Transfer documents signed
   • Keys released to buyer
   • Ownership officially changes hands
7. Post-Closing:
   • Payment of transfer tax and stamp duty
   • Registration of title transfer with National Land Agency
   • Notification to utility companies
   • Property tax registration update

The timeframe from offer acceptance to completion typically ranges from 60-90 days for a straightforward transaction without land permit requirements. Properties requiring government approval for foreign ownership may take 6-9 months to complete. Unlike North America, many aspects of the process remain paper-based, which can add time to transactions.

Transaction Costs

Budget for these typical transaction expenses:

• Transfer Tax: 2% of property value (paid by seller or sometimes negotiated)
• Stamp Duty: 4% of property value (typically split between buyer and seller)
• Legal Fees: 1.5-3% for attorney/conveyancer
• Registration Fees: Approximately 0.5% for title registration
• Real Estate Agent Commission: 3-5% (typically paid by seller)
• Property Valuation: $300-800 USD depending on property size
• Survey Costs: $500-1,500 USD if a new survey is required
• Land Permit Application: $300-500 USD if applicable
• Foreign Exchange Costs: Varies by provider (0.5-3% spread)

Total transaction costs for foreign investors typically range from 7-10% of the purchase price. These costs should be factored into your overall investment calculations. Some costs may be negotiable between buyer and seller, which should be addressed during the offer stage.

Expert Tip: For foreign buyers unable to be present in Jamaica for the entire transaction process, a Power of Attorney can be arranged allowing your attorney or a trusted representative to sign documents on your behalf. This document must be properly notarized and authenticated in your home country using an Apostille certificate or through the Jamaican consulate. Setting this up before your property search can save significant time if you find a property quickly and want to secure it before returning home.

Administrative Tasks

• ✓
  Title Registration: Ensure property is registered in your name (handled by attorney)
• ✓
  Utility Transfers: Set up accounts for electricity (JPS), water (NWC), and telecommunications
• ✓
  Property Tax Registration: Update ownership with Tax Administration Jamaica
• ✓
  Insurance Policies: Secure property, hurricane, and liability coverage
• ✓
  Local Services Setup: Arrange for maintenance, gardening, and cleaning services
• ✓
  Security Systems: Install and activate property security measures
• ✓
  HOA/Strata Registration: Update community association records if applicable

Regulatory Compliance

Rental properties in Jamaica must comply with various regulations:

• Tourism Licensing:
  • Jamaica Tourist Board (JTB) registration for vacation rentals
  • Annual fee based on number of rooms
  • Compliance with health and safety standards
  • Regular inspections
• Tourism Enhancement Fee:
  • Collected from guests at US$1 per night
  • Remitted to the Tourism Enhancement Fund
  • Quarterly filing requirements
• Guest Registration:
  • Legal requirement to maintain guest registry
  • Collection of basic identification information
  • Records must be available for inspection
• Fire Safety:
  • Functional smoke detectors
  • Fire extinguishers in accessible locations
  • Clear emergency exit paths
  • Posted evacuation procedures
• Pool Safety:
  • Proper fencing and barriers
  • Safety equipment readily available
  • Clear depth markings
  • Posted safety rules
• General Property Standards:
  • Compliance with local building codes
  • Proper waste management systems
  • Vector control (mosquito prevention)
  • Safe drinking water supply

Non-compliance with these regulations can result in fines, loss of rental licenses, or liability issues. Professional property management can ensure all regulatory requirements are met, particularly important for properties in the short-term rental market.

Record Keeping

Maintain comprehensive records for tax and legal purposes:

• Property Documents:
  • Purchase contract and closing statements
  • Title documents and survey diagrams
  • Property tax receipts and statements
  • Insurance policies and claims history
  • Building permits for any renovations
• Financial Records:
  • All property-related expenses with receipts
  • Rental income and occupancy logs
  • Utility bills and payment confirmations
  • Management company statements
  • Maintenance and repair records
  • Currency exchange transactions
• Tax Documentation:
  • Annual property tax payments
  • Tourism tax remittances
  • Income tax filings (Jamaica and home country)
  • Capital improvements (potential impact on future capital gains)
  • Depreciation schedules
• Guest Information:
  • Rental agreements
  • Guest registrations as required by law
  • Damage deposits and refunds
  • Feedback and reviews
  • Incident reports

Digital record-keeping systems with secure backups are strongly recommended, particularly for overseas investors managing properties remotely. Many property management companies in Jamaica now offer online portals where owners can access financial statements, maintenance records, and booking information.

Expert Tip: Consider setting up a mail forwarding service or digital mail handling service to manage physical correspondence related to your Jamaican property. Local attorneys often provide this service for international clients, ensuring you don’t miss important communications from government agencies, utility companies, or community associations. Alternatively, instruct all service providers to use email as the primary communication method whenever possible.

Jamaican Tax Obligations

• Transfer Tax:
  • 2% of property value at time of purchase
  • Traditionally paid by the seller but sometimes negotiated
  • Must be paid before registration of transfer
• Stamp Duty:
  • 4% of property value at time of purchase
  • Typically split equally between buyer and seller
  • Required for legal recognition of transfer documents
• Annual Property Tax:
  • Based on unimproved value of land
  • Progressive rates from 0.5% to 1.5%
  • Payable annually or in quarterly installments
  • Modest compared to North American rates
• Income Tax on Rental Income:
  • Standard rate of 25% on net rental income
  • Applicable deductions include maintenance, management fees, insurance, depreciation
  • Annual filing required with Tax Administration Jamaica
  • Non-residents must appoint a local tax representative
• General Consumption Tax (GCT):
  • 15% on short-term accommodations (less than 30 days)
  • Registration required if annual rental income exceeds J$10 million
  • Collected from guests and remitted quarterly
  • Exemptions for long-term rentals
• Capital Gains Tax:
  • No specific capital gains tax in Jamaica
  • Profits from property sales not taxed if held as investment
  • Regular property traders may face income tax on profits
• Inheritance Tax:
  • No inheritance or estate tax in Jamaica
  • Transfer on death requires normal transfer tax payment
  • Estate planning should consider home country inheritance taxes

Home Country Tax Obligations

Jamaica has tax treaties with both the United States and Canada which help prevent double taxation. However, the interaction between tax systems is complex and requires professional guidance from advisors familiar with both jurisdictions.

Tax Planning Strategies

• Entity Structure: Evaluate whether personal ownership, Jamaican company, or other structures optimize tax position
• Expense Tracking: Maintain meticulous records of all allowable expenses to maximize deductions
• Depreciation: Utilize depreciation allowances on buildings and improvements
• Capital Improvements: Document all capital expenditures which may reduce future gains tax liability
• Income Timing: Consider timing of income recognition and expense payments across tax years
• Tourism Tax Compliance: Ensure proper collection and remittance of tourism-related taxes
• Tax Treaty Benefits: Utilize provisions in tax treaties to minimize double taxation
• Local Representative: Appoint qualified local tax agent to ensure compliance and maximize deductions

Tax rules change frequently in both Jamaica and North America. Regular consultations with tax professionals in both jurisdictions are essential to ensure continued compliance and optimal structuring.

Expert Tip: Jamaica’s tax year runs from January 1 to December 31, which aligns with the U.S. tax year but differs from Canada’s. For Canadian investors, this creates opportunities for tax planning across different fiscal periods. Additionally, keeping rental income in a USD bank account in Jamaica (rather than converting to JMD) can simplify accounting and potentially reduce currency exchange costs, as many rental properties in tourist areas collect rent in USD.

Selecting a Property Manager

Evaluate potential property managers using these criteria:

• Experience with Foreign Investors:
  • Familiar with international client communication
  • Understanding of overseas owner needs and concerns
  • Experience with tax reporting for non-residents
• Local Reputation:
  • Established presence in your specific area
  • Verifiable references from other foreign owners
  • Good standing with Jamaica Tourist Board
• Market Knowledge:
  • Demonstrated understanding of target rental market
  • Strong online marketing presence
  • Relationships with tour operators and booking platforms
• Communication Standards:
  • Online owner portal for remote access to reports
  • Regular financial and occupancy reporting
  • Responsiveness to international time zones
  • Proactive issue communication
• Maintenance Network:
  • Reliable contractors for repairs
  • Emergency response procedures
  • Preventative maintenance programs
  • Transparent fee structure for works
• Guest Management:
  • Thorough guest screening process
  • Property rules enforcement
  • Positive guest reviews and feedback
  • 24/7 guest support availability
• Regulatory Compliance:
  • Knowledge of tourism licensing requirements
  • Management of tax collections and remittances
  • Insurance and liability management
  • Proper guest registration procedures

Management Agreement Essentials

Ensure your property management contract includes these key elements:

• Scope of Services: Detailed description of exactly what is included and excluded
• Fee Structure: Clear explanation of management fees, commissions, and additional charges
• Contract Term and Notice Period: Duration of agreement and how to terminate
• Reporting Schedule: Frequency and format of financial and property condition reports
• Maintenance Authority: Spending limits for repairs without prior approval
• Occupancy Targets: Any guaranteed occupancy or revenue promises
• Owner Usage Rights: Procedures for owner stays and blackout periods
• Marketing Obligations: Specific platforms and promotional activities
• Dispute Resolution: Process for addressing performance issues
• Insurance Requirements: Coverage expectations for both parties
• Security Procedures: Protocols for property protection during vacancies
• Damage Management: Process for addressing guest damages and compensation

Be wary of managers offering guarantees that seem too good to be true or those unwilling to provide transparency in their operations. Schedule in-person meetings with potential managers during your property search trip to assess their professionalism and compatibility.

Expert Tip: The high season in Jamaica (December through April) sees significantly different management demands than the low season (May through November). When interviewing property managers, specifically ask about their low season strategy, as this is where inexperienced managers often struggle to maintain occupancy. Additionally, inquire about hurricane preparedness protocols, including pre-storm preparation, during-storm monitoring, and post-storm assessment and repair procedures. A manager’s thoroughness in addressing these seasonal challenges often reflects their overall professionalism.

Exit Options

Sale Process

When selling your Jamaican property:

1. Pre-Sale Preparation:
   • Property improvements and staging
   • Professional photography and virtual tours
   • Documentation of rental history and income
   • Resolution of any title or boundary issues
   • Verification of tax compliance
2. Agent Selection:
   • Experience with international marketing
   • Track record with similar properties
   • Digital marketing capabilities
   • Network of potential buyers
   • Commission structure (typically 5-7%)
3. Legal Preparation:
   • Instruct attorney early
   • Prepare preliminary sales package
   • Address any title concerns proactively
   • Calculate tax implications
4. Marketing Period:
   • International portal listings
   • Targeted marketing to specific buyer demographics
   • Highlight unique features and income potential
   • Virtual showings for international buyers
5. Negotiation and Contract:
   • Evaluate offers considering terms and buyer qualifications
   • Negotiate price, included furnishings, and closing timeline
   • Draft Agreement for Sale through attorney
   • Collect deposit (typically 10%)
6. Due Diligence Period:
   • Buyer conducts inspections and title research
   • Address any issues discovered
   • Maintain property condition during process
7. Closing Process:
   • Finalize closing documents
   • Arrange transfer tax and stamp duty payments
   • Complete utility transfers
   • Coordinate property handover
8. Post-Sale Requirements:
   • Currency repatriation planning
   • Tax reporting in Jamaica and home country
   • Property management termination
   • Final utility settlements

The Jamaican selling process typically takes 3-6 months from listing to completion for properties in tourist areas. More specialized properties in rural areas may take significantly longer to find qualified buyers. Timing listings to coincide with the beginning of high season (November/December) can increase exposure to potential buyers visiting the island.

Market Exit Timing Considerations

Several factors should influence your exit timing decision:

• Tourism Market Trends: Jamaican property values closely follow tourism performance; sell during sustained tourism growth periods
• Currency Exchange Rates: Monitor USD/CAD vs. JMD trends; a strengthening JMD can enhance returns when converting back to home currency
• Infrastructure Completion: Major road, airport, or resort developments often boost nearby property values upon completion
• Competitive Inventory: Periods of limited similar property listings typically yield stronger selling prices
• Home Country Economic Conditions: Strong North American economies typically increase discretionary Caribbean property purchases
• Seasonal Factors: High season (December-April) brings more potential buyers to the island
• Tax Year Considerations: Timing sales relative to tax years in both countries can optimize tax position
• Property Renovation Cycles: Consider selling after completing value-adding improvements but before major maintenance is due

Successful investors often establish clear performance benchmarks and regularly evaluate their Jamaican property investments against both local and global alternatives. While market timing is valuable, most investors find that a holding period of at least 5-7 years is typically needed to offset transaction costs and maximize returns in the Jamaican market.

Expert Tip: Consider the timing of major tourism developments when planning your exit strategy. Properties near new resort developments, expanded airport facilities, or cruise ports often see significant value increases upon project completion. For example, properties near the expanded Ian Fleming International Airport in Ocho Rios or the recently developed cruise port in Falmouth experienced substantial appreciation after these projects were completed. Research upcoming infrastructure and tourism developments that could positively impact your property’s value before deciding on the optimal selling timeline.