Make your Property Dream an Island Reality
What’s the build-up cost per sq ft?
It depends on many factors, namely quality of finishes slope of land, location and current price of materials. Estimates as of 2025 is approx. US$150/sqft.
Can you recommend a good builder, engineer, surveyor, etc?
There are some good recommended professionals around but it comes with timing and one’s budget, to secure.
I’ve been told that one should be here to build a home?
In my opinion, I would advise that unless you have a good reliable person in Grenada to project manage.
Where is the best location to get one’s return as an investment?
Grenada is all beautiful. The south of the island (Grand Anse, Lance Aux Epines, True Blue, Point Salines) are particular locations targeted because of the hotel belt, SGU campus, and proximity to the airport. Developments on the outskirts, such as Egmont, Fort Jeudy, and Westerhall Point are well-established or growing rapidly.
The outskirts of St. George’s are all quickly growing/being developed locally and from non-Grenadians, as homes, commercial, residential investments.
Which area are lucrative for investment returns?
Depending on what sort of returns you are looking at, it boils down to location, location, location. The south of the island because of proximity to the hotel belt in Grand Anse, Point Salines close to airport, True Blue, Lance Aux Epines, closer surroundings to SGU Campus, are all lucrative investments. Similair to commercial investments which are within similar areas or moving along the south-south-east coast, along Calivigny, Westerhall or surburbs on the main road.
What sort of rents are apartments/houses being asked?
Varies in the south of the island to the outskirts.
1-3 bedroom apartments to houses can range anywhere from US$600 – US$3500, depending on location, location, location, and quality of the rental.
On the outskirts of the capital, this can vary into an approx. asking price of EC$1000
EC$4000 for an apartment or house with 1-4 bedrooms.
What is the going bank interest rate to borrow?
As of 2025, its approx. 4.5 – 8.5% w/ lending institutions.
What are the costs involved in purchasing property?
For nationals, it is:
- Buying – 2% legal fees, 1% stamp
- Selling – 5% gov’t tax, 1% legal fees
For non-nationals, it is:
- Buying – 10% Gov’t (alien’s license), 2% legal fees (transferal of deed), 1% stamp
- Selling – 15% Gov’t tax, 1 % legal fees
What is the property tax?
- Land tax = 0.002%
- Property tax = 0.003%
Can a foreigner buy property in Grenada?
Only under CBI program or alien's license. The property needs to be identified for sale and a lawyer to represent in the transfer of deed. Documents needed would be police, character + bank references.
CBI – property needs to be under CBI requirements (more details from lawyer under program)
How long does it take for a sale to go through?
Can possibly happen within a month with a cash deal, providing the title of deed is clear + legally there are no drawbacks, otherwise approx. 3 months if a loan in to be considered.
Regarding applying for an alien’s license that can be achieved within 6 months or before, depending on many factors
Can you suggest a good lawyer?
Yes, we do deal with many of them. I can provide a list.
Can an offspring of a Grenadian buy without alien’s license + association fees?
Yes.
What are the buying trends for property?
The buying & selling market is always shifting depending on local + international factors. Consumers are always seeking foreclosures. Many persons in the diaspora are also looking to return home or reestablish a home for the future.
Condominiums are also very popular, as many consumers prefer the simplicity of life with less property as a burden when off island + can also put back in a rental pool at their discretion.
Prices? Can range from US$250,000 – US$800,00 for a 1-3 bedroom condominium in the south of the island.
What are the going prices for property?
Recently, can vary in prices depending on location and quality of a home.
- From approx. EC$800,000 plus (outside the lucrative areas in the south)
- From approx. US$600,000-$850,000 (3 bedrooms)
- From approx US$900,000+ for larger properties