Approximately 362.5 million Eastern Caribbean dollars (≈ 134 million US dollars) were earned by Grenada through the citizenship program in 2022. This is a new record — 23% more than last year and 30% more than in 2020.
The majority of investors — 332 out of 453 — chose the option of buying real estate. Real estate projects that can be purchased under the citizenship program are approved by the Government of Grenada. These are primarily five-star hotels.
Investment in Grenada real estate is growing for the third year in a row. Before that, the non-refundable state fund contribution was the most popular option.
Return on investment is the main advantage of the real estate purchase option. The property can be sold after 5 years of maintaining the citizenship status.
Grenada real estate is a liquid asset: property prices in the Caribbean are growing by an average of 3% per year. This means that investors will be able to return the invested money and make a profit on the difference in price.
Investors also receive additional income: real estate under the citizenship program is rented out after the property starts its commercial operation. The investor’s share is specified in the contract with the management company that monitors the process. The rental yield is usually 3—5% per year.
Examples of properties in Grenada
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