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Grenada has quickly become one of the Caribbean’s most desirable real-estate destinations. Known as the Isle of Spice, the island offers lush landscapes, pristine beaches, a stable economy, and an appealing investment climate. Whether you're looking for a beachfront villa, a modern apartment, or a quiet hillside retreat, Grenada’s property market offers opportunities for homeowners, investors, and expatriates alike.
In this guide, we explore everything you need to know about real estate in Grenada—from market trends and prices to legal requirements, top agencies, and investment benefits.
🏝️ Why Grenada Is Attracting Real-Estate Buyers
Grenada’s charm goes far beyond its scenic beauty. Buyers and investors are drawn to the island because it offers:
1. Safety, Stability & Quality of Life
Grenada is one of the safest and most politically stable islands in the Caribbean. The relaxed lifestyle, friendly communities, and low traffic congestion make it ideal for retirees, families, and international residents.
2. Strong Tourism Industry
Tourism continues to grow each year. This fuels demand for vacation rentals, Airbnb homes, and investment properties, especially in areas like Grand Anse, Morne Rouge, Lance Aux Épines, and True Blue.
3. Attractive Investment Environment
Grenada is tax-friendly with no capital gains tax, inheritance tax, or wealth tax. Rental yields in prime locations can range between 3–7% depending on the property type.
4. Citizenship by Investment (CBI) Opportunities
Grenada’s CBI programme allows qualified investors to obtain Grenadian citizenship by investing in government-approved real estate. This route removes the need for the Alien Land Holding Licence and provides global mobility benefits.
💰 Property Prices in Grenada: What to Expect
Grenadian property prices vary by parish, type, and whether the property offers ocean views or proximity to popular areas like Grand Anse.
🏡 Residential Homes
Mid-range homes: US$200,000–$500,000
Luxury villas or modern hillside homes: US$600,000–$2M+
🏘️ Condos & Apartments
One-bedroom units near Grand Anse/True Blue: US$200,000–$350,000
Ocean-view or resort-style condos: US$350,000–$700,000
🌿 Land & Lots
Inland lots: US$50,000–$150,000
Coastal land: starting at US$300,000+
Land continues to be a strong long-term investment due to limited beachfront availability.
📍 Best Areas to Buy Real Estate in Grenada
Grand Anse
Grenada’s most in-demand residential and tourist zone — known for Grand Anse Beach, modern condos, and strong rental yields.
Lance Aux Épines
An upscale, quiet neighbourhood popular with expats, diplomats, and long-term renters. Ideal for luxury homes.
True Blue
A strategic location near SGU, offering excellent rental demand year-round for student and faculty housing.
Fort Jeudy & Egmont
Gated communities with ocean views, modern infrastructure, and high appreciation potential.
Carriacou & Petite Martinique
Perfect for investors seeking a serene, untouched island with unique boutique-property potential.
🧭 Buying Property in Grenada: What You Need to Know
For Non-Nationals
Foreigners must apply for an Alien Land Holding Licence (ALHL), typically 10% of the purchase price, unless buying through a CBI-approved project.
The Buying Process
Engage a licensed real-estate agent
Sign a sale agreement & pay a deposit (usually 10%)
Conduct due diligence (title search, survey, valuation)
Pay remaining balance & complete the transfer
Property Taxes
Taxes are relatively low, and no capital gains tax applies on resale — a major plus for investors.
🏢 Top Real-Estate Agencies in Grenada
If you're searching for property in Grenada, working with a reputable agency ensures transparency, expert negotiation, and a smoother buying process. Here are the leading agencies:
⭐ Century 21 Grenada
One of the most recognized real-estate brands globally, Century 21 Grenada offers a wide portfolio of residential, commercial, and luxury listings.
🔗 Website: https://www.century21grenada.com/
⭐ Terra Caribbean Grenada
A trusted, data-driven real-estate agency known for professionalism and market insights. Terra Caribbean provides appraisals, sales, rentals, and consultancy services.
🔗 Website: https://www.terracaribbean.com/Grenada
⭐ RE/MAX Grenada
An international real-estate franchise offering beachfront properties, homes, villas, and commercial listings across the island.
🔗 Website: https://remax-grenada.com/
⭐ Altman Real Estate Grenada
Specializing in premium and luxury properties, Altman Real Estate caters to buyers looking for high-value investments or waterfront estates.
🔗 Website: https://www.altmanrealestate.com/grenada
⭐ Caribbean Dreams Realty / Hinds Property Management
A local agency offering affordable homes, rentals, and investment properties, especially for returning nationals and expatriates.
🔗 Website: https://www.hindsrealestate.com/
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🏗️ Market Trends & Investment Opportunities
Grenada’s real-estate market shows steady upward trends, driven by:
Increasing tourism arrivals
Limited coastal property supply
Expanding student-housing demand near SGU
Rising interest in eco-friendly and modern coastal developments
Coastal land, rental-ready apartments, and luxury villas remain top investment categories.
🏘️ Is Grenada a Good Place to Invest?
Absolutely — especially if you are seeking:
✔ Vacation rental income
✔ A retirement home
✔ High-value ocean-view property
✔ CBI-approved real-estate investment
✔ Steady long-term appreciation
Grenada stands out for its safety, natural beauty, tax advantages, and stable investment environment.
