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The Grenada real estate market is more vibrant than ever, attracting international investors with its appealing citizenship-by-investment program and great potential. Notably, the demand for real estate has grown by 15% annually over the past five years. Discover more details Grenada real estate here!
Here are some reasons why Grenada attracts both domestic and international investors to its real estate market:
Investing in Grenada real estate allows investors and their families to quickly obtain second citizenship in this country within just three months when choosing a financial investment. You can contribute a minimum of $150,000 to the National Transformation Fund or at least $220,000 in government-approved real estate.
The Strong Appeal of the Grenada Real Estate Market
By doing so, you will acquire a Grenadian passport with numerous benefits such as visa-free travel to over 150 countries, opportunities for education and development in Grenada and Commonwealth countries, and more.,...
The value of Grenadian real estate is expected to continue rising in the coming years, thanks to the development of tourism, the expansion of the international airport, and key infrastructure projects. Experts predict that the country's real estate prices could grow by an average of 5-7% annually over the next five years. Timely investment can significantly increase your profits.
Investors who purchase real estate in Grenada can easily rent it out for tourism, vacation, or hotel services. This offers a stable passive income with a profit rate of up to 6% per year. According to our market analysis, housing prices in Grenada currently start at $1,000 per square meter.
The starting price for each square meter of modern, comfortable housing in Grenada ranges from $2,500. Prices vary depending on the location, type of property, and level of completion. Real estate in areas like St George's—the capital of Grenada—and famous resort towns like Gouyave, Grenville, and St David feature high-end apartments and villas that can cost up to millions of dollars.
How Much Money is Needed to Buy Residential Land in Grenada?
If you prefer tranquility and proximity to nature, you might choose areas farther from city centers or national parks. Prices here start from several hundred thousand dollars for an apartment or townhouse.
Additionally, the total cost of purchasing real estate in Grenada includes the property's sale price and related transaction fees:
Legal Fees: For drafting the sales contract, legal checks, and representation, typically range from 1% to 2% of the contract value.
Government Fees: Including application fees for foreigner licenses, property registration fees, and other taxes, generally ranging from 5% to 7% of the contract value.
Property Appraisal Fees: To ensure the purchase price matches the market value (0.5% - 1% of the contract value), and brokerage fees if the transaction is through an agent (2% - 5% of the contract value).
To purchase real estate in Grenada, you need to meet the following conditions:
Conditions for Owning Real Estate in Grenada
Government-Approved Properties: Investors can only purchase properties approved by the Grenadian government for foreign buyers..
Minimum Investment Amount: $220,000 is the minimum amount for foreign investors to purchase a share in a hotel or resort (buying shares). To buy and own a full property, you need to invest at least $350,000.
Own the Property for at Least 5 Years: Investors must commit to owning the property for at least 5 years after being granted Grenadian citizenship. After the required period, you can sell the property or continue to benefit from rental income.
For Grenada real estate investments aimed at obtaining citizenship and economic development, you can consider the following locations.
This is the largest real estate project approved by the government for the Grenada CBI program. The university complex promises to become an ideal destination for education and tourism. Located on a 60-hectare plot near Hartman Bay, it is surrounded by lush tropical forests and features modern residential apartments with high-quality services.
Listing of Investment-Worthy Properties
With an investment of $220,000 for a share, you will become a shareholder in the project. The complex offers rental returns of 3.1% to 4.7% per year, ensuring a stable income stream for investors.
Intercontinental Group, a world-renowned hotel management brand, has chosen Grenada for its new 150-room resort at St David's. The resort is near the picturesque La Sagesse beach, a 30-minute drive from the airport. The project includes 30 private suites, each with 5 rooms, luxurious pools, restaurants, spas, bars, conference rooms, and more,...
With $220,000 for a share, investors can participate in this promising project. The Intercontinental resort complex is expected to be operational by 2025.
If you love private and upscale resort spaces, beachfront villas with pools and spacious gardens are the perfect choice. This 372 m² house features 3 bedrooms, 2 bathrooms, and a modern kitchen, offering comfort for the whole family.
The spacious 2,567 m² estate with a beautiful garden and various green and fruit trees provides a fresh atmosphere. This villa is priced at $850,000 and can be used for family living or rented out for a profit of up to 4% per year.
Investing in Grenadian real estate not only offers great economic potential for foreign investments but also provides the opportunity for investors and their families to obtain a passport in this country and live as citizens. Our company provides detailed information and helps you complete your Grenadian citizenship application as quickly as possible. Contact us at https://quoctichthuhai.com/ if you need assistance!
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