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The website features a comprehensive database of listings that include up-to-date specifications, photographs, and prices of apartments in Saint George. To find and purchase a property that perfectly matches your needs, utilise the user-friendly search system with advanced filters. You can set your preferred ranges regarding area and cost, number of rooms, furnishings, construction stage, and other specific parameters.
Sort the search results based on your priority criteria: publication date, size, or price in either ascending or descending order. Carefully examine the details of the apartments and flats in Saint George that catch your interest, and reach out to the seller via phone or private messages to ask any questions and negotiate the deal. Each listing provides the contact details of the agency or developer for your convenience.
- Minimum price: USD 1
- Maximum price: USD 750,000
- Minimum area: m2
- Maximum area: 134.7 m2
To obtain residency by purchasing property in Saint George, you can participate in Grenada’s citizenship by investment programme. This programme requires a minimum investment of USD 220,000 in real estate, which must be part of a government-approved project. Besides the property cost and related transaction taxes, there is a government fee starting from USD 50,000.
One of the key benefits of this programme is the ability to include family members in your application. You can add your spouse, children under 30, unmarried and childless siblings, financially dependent parents, and grandparents living with you. Additionally, a Grenadian passport grants visa-free or simplified entry to over 140 countries, significantly easing international travel.
The application process is convenient and can be done remotely, with a processing time ranging from 6 to 8 months. Importantly, there is no requirement to reside in Grenada during this period. Moreover, real estate purchased under this programme can be resold after 5 years, providing flexibility and potential financial return on your investment.
Apartments for sale in Saint George
Grenada, affectionately known as the “Spice Isle,” offers a unique blend of natural beauty, rich culture, and vibrant communities. Its capital parish stands out as a prime location to invest in real estate, particularly in flats. The most popular areas to buy an apartment in Saint George include:
- Grand Anse: Grand Anse is one of the most sought-after areas in the parish, renowned for its stunning beach and vibrant atmosphere. This area is ideal for those seeking a mix of leisure and convenience. The beachfront properties offer breathtaking views and easy access to the sea, making them perfect both as homes and holiday rentals.
- Lance Aux Epines: Lance Aux Epines is a serene and upscale neighbourhood, popular among expatriates and affluent locals. The area is known for its high-end flats and luxurious villas in Saint George. It offers a peaceful environment with proximity to essential amenities such as international schools, marinas, and fine dining restaurants.
- True Blue: True Blue is home to St. George’s University, making it a bustling hub of activity. The area is a perfect choice if you are looking to invest in rental properties, catering to students and university staff. The vibrant community and availability of modern apartments make it an attractive investment option.
- Morne Rouge: Morne Rouge, also known as BBC Beach, is another excellent location to buy flats. It offers a quieter alternative to Grand Anse, with equally stunning beaches and a more laid-back atmosphere. The area caters to families and retirees seeking a tranquil yet accessible place to live.
Homebuyers and investors can choose from a variety of options based on their preferences and strategy. Here are some of the flats currently available on the market:
- Beachfront Apartments: Beachfront apartments in areas like Grand Anse and Morne Rouge offer unparalleled views and direct access to the beach. These units are typically modern, with amenities such as swimming pools, gyms, and private balconies. They are perfect for those who prioritise luxury and convenience.
- Student Housing: In True Blue, there is a high demand for student housing due to the proximity to the university. These apartments are designed to cater to the needs of students, offering affordable, furnished units with amenities such as study areas, Wi-Fi, and communal spaces.
- Luxury Condominiums: Lance Aux Epines is known for its luxury condominiums, which offer a high standard of living. These units often come with premium features such as 24-hour security, private parking, and access to exclusive clubs and recreational facilities. They are ideal for those seeking a prestigious address and a comfortable lifestyle.
- Investment Properties: The region offers a range of properties that promise good returns. Areas like True Blue and Grand Anse are particularly lucrative due to their high rental demand. Investing in these areas can yield significant rental income, especially during the tourist season and university semesters.
Buying an apartment in Saint George is accessible to foreigners without any hindrances. When purchasing real estate, buyers should factor in additional costs, including a landholding licence fee of 10% of the property price, legal services fees ranging from 1% to 2%, a stamp duty of 1%, a transfer tax of 10%, and an annual property tax of up to 0.8%.
Reasons for investing in an apartment in Saint George
With its favourable economic conditions and robust real estate market, the parish offers numerous investment opportunities. The following reasons highlight why it is an attractive destination to invest in flats:
- Economic Stability and Growth: Grenada’s economy has shown consistent growth, making it an attractive investment destination. According to the International Monetary Fund, the country’s GDP is projected to grow by 4.1% in 2024, following a strong performance in the tourism sector. This economic stability provides a solid foundation supporting real estate investments, ensuring a stable environment conducive to property appreciation.
- High Return on Investment: Purchasing apartments in Saint George for investment purposes offers promising returns. Grenada’s citizenship by investment programme (CBI) has significantly boosted the property market. Properties purchased under this programme can be sold after 5 years, often yielding substantial returns. The minimum investment for CBI-approved real estate is USD 220,000, with many investors seeing notable appreciation over the holding period.
- Increasing Demand and Limited Supply: The housing demand in Grenada is on the rise. The influx of international students and the growing number of expatriates and retirees seeking a tropical lifestyle contribute to this demand. However, the supply of high-quality properties remains limited, driving up rental yields and apartment prices in Saint George. This imbalance between supply and demand creates a favourable market for investors looking to capitalise on rental income and property appreciation.
- Attractive Rental Yields: The region offers attractive rental yields, especially in areas like Grand Anse and True Blue. With high rental demand from students, tourists, and expatriates, investors can expect steady rental income. Rental yields in prime locations can range from 5% to 8% annually, depending on the unit’s location and amenities.
- Favourable Investment Climate: Grenada’s government has created a favourable investment climate through various incentives and policies. The CBI programme, in particular, has been a significant driver of foreign investment in real estate. Additionally, the country’s stable political environment, coupled with its strong legal framework for property ownership, provides investors with confidence and security.
The combination of these factors makes Grenada and its capital parish a promising destination where real estate investors can diversify their portfolios and capitalise on the growth potential of this Caribbean gem.
Buying apartments in Saint George
Global.Properties is your go-to tool for swiftly finding an apartment for sale in Saint George or any other desired location. Our platform boasts numerous features, including an interactive map and a currency converter, to enhance your search experience. The database is refreshed daily with new listings, automatically sourced from reputable agencies and developers. Each listing is manually verified to ensure you have access to the most current and accurate information. Discover the convenience of our platform today.