Real Estate in Grenada
Price
Grenada, St. David
Grenada, St. David
$899,000
House with panoramic ocean views near the beach
Grenada, St. George
Grenada, St. George
$529,000
Furnished house with panoramic ocean views
Grenada, St. David
Grenada, St. David
$260,000
Furnished сabin styled wooden house in a picturesque area
Grenada, Morne Rouge
Grenada, Morne Rouge
$7,500,000 – $11,999,997
Villa on the beach in the resort
Grenada, St. George
Grenada, St. George
$6,000,000
Hotel complex on the south coast of Grenada
Grenada, St. George
Grenada, St. George
$2,800,000
Resort complex on the southeast coast of Grenada
Grenada, St. David
Grenada, St. David
$136,000
Two-bedroom house within walking distance of the ocean
Grenada, Morne Rouge
Grenada, Morne Rouge
$169,000
Duplex ocean view house on Carriacou island
Grenada, St. George
Grenada, St. George
$780,000
Three bedroom house steps away from the ocean
Grenada, St. George
Grenada, St. George
$850,000
Duplex house on the first coastline
Help with the choice
I will tell you which object is of the best quality of construction and in an attractive area for living or renting.
Zlata Erlach,
an expert in the Grenada CBI Program Grenada Citizenship by Investment
Buying real estate in Grenada allows you to obtain a citizenship
Learn more about the program
$300,000+ New villa in 50 metres
from the ocean
from the ocean
By 3—5% Property prices
annual growth
annual growth
4% Average rental yield
per year
per year
€2,490 Estimated annual
maintenance expenses
for a villa
maintenance expenses
for a villa
Byer's guide
Who can buy a property
Who can buy a property in Grenada
Grenada allows citizens, residents and foreigners to buy any property in the country. However, foreigners must obtain a special licence to own land. The cost of the licence is 10% of the land plot price.
Foreigners who participate in the Grenada Citizenship program are exempt from purchasing a Land Holding Licence.
Property values by county
Property values by region of Grenada
Grenada’s real estate market is stimulated by the Citizenship by Investment program. The government does not publish real estate price statistics. But a cost analysis of the island real estate allows us to conclude that prices per 1 m² of housing start at $1,000.
The cost per 1 m² of modern comfortable real estate starts from $2,500 and grows by 4% per year on average. The most expensive properties are located in the capital of St Georges, as well as in the resorts of Guyave, Grenville, and St Davis. Prices for seafront and oceanfront villas reach millions of dollars.
Property purchase procedure
Property purchase procedure in Grenada
Property in Grenada can be chosen remotely. After that, the buyer enters a preliminary purchase and sale agreement with the seller and deposits 10% of the object’s value. The deposit is usually kept in an escrow account.
Foreigners who are not a part of the Grenada Citizenship program receive a special Land Holding Licence. The parties then sign the main purchase and sale contract and pay the associated taxes and fees. The certificate of ownership is issued by the state registry of the country.
Read the articleProperty purchase taxes
Property purchase taxes in Grenada
The buyer of the property pays a 15% transfer tax. Foreigners acquire a Land Holding Licence — 10% of the land plot price. Participants in the citizenship program are exempt from paying taxes and purchasing a licence.
Buyers also pay legal fees ranging from 1% to 2% of the transaction price.
Read the articleCitizenship for the purchase of real estate
Citizenship of Grenada for the purchase of real estate
For real estate investment, foreigners can obtain Grenada citizenship. But there is a condition: buy only government-approved properties. These are mostly hotel complexes.
The minimum real estate investment is $220,000. Investors can buy a share or an entire property, depending on the project. The property must be held for at least five years.
Read the articleReal estate investment in Grenada
By making an investment in property in Grenada, you can obtain Caribbean nationality. Eligible property is regulated by the Citizenship by Investment program. Objects include commercial and residential real estate for shared ownership. The minimum investment is $220,000.
Real estate projects that may grant citizenship by investment must be approved by the Grenada government. Those projects include high-end resorts, villas, and apartments in luxury hotel complexes, prime residential complexes, and cottages. Investors purchase a share in an eligible property for at least $220,000. Those who acquired Grenada citizenship can sell their investment property in 5 years.
Investment property in Grenada generates profit for the owner: 2%—5% a year. The high yield is due to the high demand from Caribbean tourists. Students of the renowned St George’s University frequently rent studios and apartments near the campus — one of the high-end projects, approved for investment by the government, is located near the school.
If you’re planning to invest in real estate property and obtain citizenship in Grenada, we’re here to assist you. Immigrant Invest presents only government-approved real estate projects, eligible for the Citizenship by Investment program in Grenada. By your request, we will arrange remote viewing of any property that suits your needs. While your Grenada citizenship application is processing, we will assist in putting the property in escrow, with subsequent purchase. If you wish to resell the investment property in 5 years, you can count on our expertise and assistance as well.
Immigrant Invest is a licensed agent for government programs in the Europe Union and the Caribbean.
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Schedule a meeting at one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.
Zlata Erlach
Caribbean Investment Program Expert
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Zlata Erlach Head of the Austrian
office, investment
programs expert
office, investment
programs expert