Buying real estate in Grenada offers great property options. From Colonial style houses or land to new apartments and fantastic villas, there are lots of properties to purchase in beautiful Grenada. Prices vary from around $159,000 to $10,000,000. You may have to apply if you re foreigner for the Alien Landholding License – which amounts to 10% of the property value.

HOW TO BUY REAL ESTATE IN GRENADA

1. Stage 1 – Find a property you can afford.
2. Stage 2 – Make an offer.
3. Stage 3 – Arrange a solicitor and surveyor.
4. Stage 4 – Finalize the offer and mortgage.
5. Stage 5 – Exchange contracts.
6. Stage 6 – Completion and final steps.

BUYING PROPERTY IN GRENADA

In many cases the local real estate agent  can  advise you and point you in the right direction on all that is needed for you to legally obtain and purchase property and land in Grenada .We at S.E.T10 are an independent  company which work with many local real estate agents and land owners in order for you to get the best deals. 

        Non-nationals

• Look for property and then  put forward  an offer once you have found  the right one.
• After your offer has been accepted, the seller’s lawyer will draft up the sales agreement.
• Pay a deposit of 10% which will be held in escrow.
• Your lawyer will finalize the paperwork for the property transfer
• Make the property’s final payment
• Pay all required taxes and fees.

Total  purchasing   property in Grenada transaction costs

Below you will find the transaction costs according to the property value:

• Alien Landholding License = 10%
• Legal fees = 1.00%-2.00%
• Stamp duty = 1.00%
• Property Transfer Tax = 10%