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Esales Property Limited
NVEST ESTATESThe aggregator Global Properties allows foreigners to quickly find and buy a villa in Grenada. To secure the best value for money, you can take advantage of the advanced filters available. Specify your desired criteria, including price range, area, number of rooms, number of floors, furnishing options, availability of finishes and amenities, stage of construction and preferred location. You can also sort search results based on your preferences, whether by ascending or descending price, listing date, property size or other relevant factors.
Carefully read the information about the house you’re interested in and then contact the seller directly either by phone or through private messages. The specialists in selling villas and houses in Grenada are ready to answer any questions you may have. Their contact details are provided in each listing.
- Minimum cost of villas in Grenada: USD 187,000
- Maximum value: USD 11.9 million.
- Minimum area of a villa for sale in Grenada: 37 m2
- Maximum area: 883 m2
Purchasing houses or apartments in Grenada valued at USD 220,000 or more entitles you to apply for citizenship. To qualify for this programme, an adult foreigner must invest in a property associated with a government-approved project. The government fee for obtaining a passport in exchange for this investment starts at USD 50,000.
The principal applicant can participate in the programme alongside their spouse, children under 30 years of age, unmarried minor siblings without children, financially dependent parents and grandparents residing with them.
To participate in the programme, applicants can submit documents remotely. The Migration Service reviews applications and makes a decision within 6-8 months and residence in the country during this period is not required. Real estate purchased to obtain citizenship can be resold after five years.
The primary advantage of the Grenadian passport is the ability to visit over 140 countries without a visa or with a simplified visa process. Additionally, after three years of residence in Grenada, passport holders can apply for a US non-immigrant visa.
Houses for sale in Grenada
Foreigners are allowed to purchase any type of property in Grenada; however, acquiring a plot of land requires a special license. This licence can be obtained for 10% of the property’s value before the transaction. Notably, participation in the citizenship by investment programme exempts investors from the need for this permit, as well as from the real estate transfer tax of 15% of the house prices in Grenada.
Every transaction begins with an offer to the seller. After negotiations, the lawyer drafts the purchase and sale agreement and the buyer deposits 10% of the property’s price into an escrow account. The lawyer must also prepare the property transfer documents before the buyer signs the contract and pays the remaining balance for the property.
Investors should be prepared for associated costs, including legal fees (1–2% of the home’s value), stamp duty (1% of the value), property transfer tax (5% for nationals and 15% for foreigners) and annual property tax (up to 0.8% of the property’s value).
Purchasing a house for sale in Grenada requires a thorough understanding of local laws and the ability to navigate the real estate market. To achieve this, it’s essential to consult with qualified professionals such as lawyers and real estate agents. Additionally, to organise an engineering inspection of the property, hiring inspectors and surveyors is necessary.
Reasons for investing in a house in Grenada
One of the most important aspects of navigating houses in Grenada is understanding the dynamics of demand. Due to the state's attractive geographical location, properties near beaches or tourist attractions are more sought-after by buyers and renters than those in other areas. Purchasing an investment villa in Grenada in such prime locations increases the chances of maximising the return on investment through rental income and enhanced resale value.
Reasons why foreigners invest in local homes:
- Citizenship formalisation: One of the main factors contributing to the demand for Grenadian housing is the citizenship-by-investment programme. In 2023, nearly 5,000 local passports were issued, with about 1,800 more applicants on the waiting list. The cumulative value of properties sold under the programme has exceeded USD 370 million.
- Long-term capital gains: Growing demand ensures a steady increase in villa prices in Grenada, which typically rise by an average of 3–4% per year. Experts predict a significant increase in transactions and property values in the coming years, making now an ideal time for long-term capital gains.
- High profits from off-plan properties: Investors looking for short-term period resale profits should consider villas under construction. The value of these properties typically increases by an average of 15–30% by the time the project is completed.
- Rental income: Villas with sea views and easy access to the beach can generate high income from short-term rentals, as they are in high demand among tourists. Expats often seek long-term rentals in areas with developed infrastructure. Rental yields start from 4% per annum.
Buying houses in Grenada
Global Properties is a regularly updated aggregator featuring a wide range of villas in Grenada for investment, living and recreation. All listings originate from verified agencies and developers, ensuring users access current listings with accurate details, photos and prices.
The portal includes built-in tools that simplify the search and selection process. These features encompass advanced filters, sorting options for ads, an interactive map that allows you to explore the neighbourhood surrounding the property and a converter that displays the prices of villas for sale in Grenada in various currencies. Find your dream villa and experience the convenience of our platform today.