🌎 Latin America 1d ago · Codie-ann Barrett Business Reporter barrettc@jamaicaobserver.com

Rising rents push up cost of moving out

Jamaica Observer
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Rising rents push up cost of moving out
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JAMAICANS hoping to move out on their own may need to have as much as three to four times their monthly rent available before collecting the keys to a rental property.

Rising rent prices, security deposits and furnishing costs continue to increase the price of independent living, and industry estimates suggest that a tenant moving into a property renting for $150,000 per month could require as much as $500,000 upfront for the total move-in cost.

“The market right now reflects just how much dem

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