On September 16, 2022, Ryan Taylor, founder of TASC Property Appraisals Co Ltd, regaled his employees and guests at the company’s corporate mingle with insight on an inevitable boom for Portland’s real estate market.

He spoke on the opportunities to arise in anticipation of the completion of major infrastructure in the area.

With the $100-million road rehabilitation for Portland as part of the Southern Coastal Highway Improvement Project (SCHIP), the parish expects great economic returns for both commercial and residential investors.

PROJECT TO INCLUDE IMPROVEMENT OF 17 KM STRETCH OF ROADWAY

Taylor encouraged listeners to invest in Portland now, as real estate sets to increase as a direct result of the development.

During the 2022-2023 Budget Debate in the House of Representatives, Prime Minister Andrew Holness mentioned the construction plans, citing “the medium-term objective is to plan out residential and limited commercial development along the bypass corridor, which will connect with the 140,000 square-foot Boundbrook Urban Centre”.

The project will include the improvement of the 17-kilometre stretch of roadway, comprising cutting of overhanging trees, reconstruction in sections, patching, drain cleaning, and the construction of a retaining wall.

PROJECT TO CREATE EMPLOYMENT FOR PEOPLE OF PORTLAND

With this vision and plan of action, there will be greater access to commercial sites for residents and passersby, resulting in more significant economic growth for the area. In addition, the project will create employment opportunities for the people of Portland and access to a more structured development while lessening the burden on Port Antonio.

This infrastructural development will influence the value of Portland’s real estate. As a result, keeping track of property value and the increase has become increasingly important. With more than 16 years of experience in the appraisal industry, Ryan Taylor’s insight into the pending expansion of Portland’s real estate and economic landscape and his following recommendation to invest should receive heavy consideration.

Coupled with an office in Portland and expert appraisers, TASC Property Appraisals Company Limited is well positioned to assist in valuing commercial and residential properties to accompany the upcoming boom.