In recent years, Jamaica has seen a spike in luxury real estate development, and this trend is expected to continue in 2023. Luxury properties on the island are increasingly being sought after by high-net-worth individuals as well as foreign investors. Luxury villas, condominiums, and beachfront estates are being built in areas like Montego Bay, Negril, and Ocho Rios. These residences are generally equipped with high-end facilities and have breathtaking vistas, making them appealing to luxury purchasers.

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