RU
DE
FR
ES
PT
AR
Global.Properties boasts an extensive database of listings with current specifications, photographs, and prices of apartments in Grenada. To select and purchase a property that fully meets your requirements, use the convenient search system with advanced filters. Choose the desired ranges for area and cost, number of rooms, furnishings, construction stage, and other parameters.
Sort search results by priority criteria: publication date, size, or price in ascending or descending order. Carefully review the information about the apartments and flats in Grenada you like and contact the seller by phone or through private messages to ask any questions and discuss the deal. Contact details of the agency or developer are provided in each listing.
- Minimum price: USD 1
- Maximum price: USD 850,000
- Minimum area: m2
- Maximum area: 135 m2
Adults from foreign countries can participate in the citizenship by investment programme with a minimum investment of USD 220,000 in real estate. The property must be part of a project approved by the government of the island nation. In addition to the property cost and associated transaction taxes, the applicant must pay a government fee starting from USD 50,000.
Key benefits of the programme include:
- The application may include a spouse, children under 30 years old, unmarried and childless siblings, financially dependent parents, grandparents living with the main applicant.
- A Grenadian passport allows visa-free or simplified entry to over 140 countries.
- After 3 years of residence, residents can apply for a non-immigrant visa to the United States.
- Applications to the programme can be submitted remotely. The processing time ranges from 6 to 8 months. There is no requirement to reside in the country during this period.
- Property in Grenada purchased under the programme can be resold after 5 years.
Apartments for sale in Grenada
Surrounded by the Caribbean Sea, the island nation boasts a rapidly developing tourism industry and a stable real estate market, creating favourable and secure conditions for investments. The government has approved a number of promising projects with apartments and villas in Grenada, which not only yield good profits but also allow participation in the citizenship programme.
The most popular areas to purchase apartments in Grenada for investment purposes include:
- St. George’s: The capital, situated on the west coast. This cultural and commercial hub contributes to the country’s economic development through its largest seaport, spice exports, and tourism industry. Nearby is Maurice Bishop International Airport, providing easy access to Toronto, London, New York, and other major destinations. The town’s infrastructure includes a well-developed transport system, schools, universities, medical centres, bars, and restaurants. It is home to the country’s largest hospital and St. George’s University School of Medicine.
- Carriacou: An island renowned for its white sandy beaches, turquoise waters, and some of the best coral reefs in the region. It attracts tourists with top-notch diving and yachting conditions. Due to its small size and relatively low population, the island maintains a quiet and peaceful atmosphere.
- Grand Anse Beach: The largest beach in the country, stretching over 3 km. It is popular among holidaymakers for its white sand, clear water, and numerous opportunities to engage in outdoor activities, including kayaking, snorkelling, and rowing. Close to St. George’s, residents have easy access to the international airport and other essential infrastructure.
Buying an apartment in Grenada is accessible to foreigners without any hindrances. The process of concluding a deal involves the following steps:
- Making an offer to the seller.
- Drawing up a sale and purchase agreement with the assistance of a lawyer.
- Paying a deposit of 10% of the price of the apartment in Grenada, which will be held in an escrow account.
- Having a lawyer handle the documentation for the transfer of property.
- Making the final payment for the property.
- Paying all necessary taxes and fees. Associated costs include a landholding licence (10% of the property price), legal services (1–2% of the property price), stamp duty (1% of the property price), transfer tax (10% of the property price), and an annual property tax (up to 0.8% of the property price).
Reasons for investing in an apartment in Grenada
In 2023, amidst the anticipated rise in apartment prices in Grenada and favourable citizenship conditions, nearly 5,000 local passports were issued, with around 1,800 applications still pending. The total volume of transactions conducted for participation in the programme exceeded USD 370 million. Experts expect that the growing demand for Grenadian housing will lead to a significant increase in its value. This will benefit investors who finalised deals before the predicted boom.
Currently, the average property price on the island is increasing by 3–4% per year. If an owner decides to resell their apartment 5 years after purchase, they could achieve approximately a 20% capital gain.
Local apartments are also ideal for generating rental income. Neighbouring islands protect the country from Caribbean hurricanes, which peak during the rainy season from June to November. This makes it a year-round tourist destination. Holidaymakers maintain high and stable demand for rental housing, providing a yield of around 4% per annum.
Buying apartments in Grenada
Global.Properties is a tool for quickly selecting an apartment for sale in Grenada or other desired location. The aggregator includes numerous features, such as an interactive map and currency converter. The database is updated daily with new listings, automatically collected from the websites of reliable agencies and developers. These are manually verified, ensuring users have access to current offers with accurate information. Experience the convenience of our platform today.