Grenada Real Estate Citizenship by Investment: Your Path to a Golden Passport
Acquire Grenada citizenship through government-approved real estate, fast-track your dual nationality, and build generational legacy.
Grenada real estate buying guide
Tourists come to Grenada for exotics and spices, and investors come to buy real estate that can be rented out or resold. If you purchase a house in Grenada on the coast of the Caribbean sea, you will be able to sell it for 20—22% more in 5 years. And the rental yield is from 4% per annum.
Buying a property under the Grenada citizenship program benefits the investor and their family. A Grenada passport allows visa-free travel to 146 countries, including China, and obtaining an E-2 US visa for living and running a business in the States.
How much it costs to buy residential properties in Grenada
The price per square metre of modern, comfortable housing in Grenada starts from $2,500. The most expensive real estate is located in St George’s, the capital of Grenada, and resort towns such as Gouyave, Grenville, and St David.
Investors prefer to buy properties near beaches and national parks. The cost of such housing can reach up to 5 or even 10 million dollars.
What property to buy in Grenada to rent it out
Other islands protect Grenada from Caribbean hurricanes, which peak during the rainy season from June to November. Therefore, tourists arrive in the country all year round and rent apartments, hotel rooms, and villas. The highest demand is for apartments with 1—2 bedrooms.
One- or two-bedroom apartments on the coast cost between $350,000 and $400,000. From rent, you can earn from $14,000 to $16,000 a year. But be aware that rental income is charged with tax at 15—35%.
On average, property prices in Grenada grow by 3—4% per year. If, after 5 years, the owner decides to sell such an apartment, then they will be able to earn up to $88,000
Why Choose Grenada Real Estate Citizenship by Investment Program?
A participant in the Grenada CBI Program is exempt from purchasing an Alien Landholding Licence. Therefore, it is beneficial for investors to buy real estate under the program, as they can save 10% of the property value.
It is possible to obtain Grenada citizenship under the government program by purchasing property or making a non-refundable contribution to the state fund. In 2022, about 70% of applicants have chosen the real estate investment option over the fund one, as it allows them to generate income and resell the property in the future to return on investment.
Conditions for buying property under the Grenada CBI program
If a foreigner wants to obtain a Grenada passport in exchange for real estate investment, they must fulfil a number of conditions.
1. Purchase real estate from the list. Only government-approved property projects participate in the program. The investor can buy a hotel share, an apartment, a villa or a plot of land.
2. Meet the minimum investment amount. To qualify for Grenada citizenship, applicants must invest in real estate at least $220,000. The amount is enough to buy a share in a hotel or resort complex. To buy a full-ownership property, investors must put in at least $350,000. It is an approximate price of apartments.
3. Own the property for at least 5 years. You can sell the real estate after 5 years after getting Grenada citizenship. During this time, the property will increase in price, so the investor will be able to receive additional profit from the sale.
Examples of investment properties on the Grenada market
A university complex on the ocean amid a rainforest is the largest real estate project approved for the Grenada CBI Program. The complex will be spread over 60 hectares of land near Hartman Bay. Several residential buildings with studio apartments, a swimming pool, a gym, restaurants and cafes will be built on the campus. Both students and tourists will live there.
Investors can buy a 60 m² apartment for $350,000 or a share for $220,000. After the completion, the developer promises a rental yield of 3.1 to 4.7% per year. The deadline for completion of the first buildings is 2023.
A new 150-room resort complex in St Davis is managed by the Intercontinental group. The complex is built on La Sagesse Beach, an approximately 30-minute drive from the airport. The project will include over 30 private suites, a variety of restaurants and bars, a luxurious spa and pool with a bar and grill, a fitness centre, conference rooms and a business centre.
Investors can buy a share in the project for $220,000. The facility is expected to open in 2025.
An oceanfront house with a pool and a large lot will appeal to investors looking for luxury real estate. The home of 372 m² will easily accommodate a large family: there are three bedrooms, two bathrooms, and a spacious kitchen equipped with modern appliances. On a plot of 2567 m², there is a beautiful garden with rare plants and fruit trees.
The house is on sale for $850,000. You can relax here with a large family for several weeks a year. The rest of the time, you can rent the property out. The income will be 3—4% per annum.
