Real Estate in Grenada
Last updated on Jan 10, 2024
Summary: An expat looking to buy a home in Grenada should begin by researching the local real estate market. They should look for listings on websites such as Grenada Real Estate, Grenada Property Listings, and Grenada Realty. It is also important to contact a local real estate agent who can provide more detailed information about the properties available. Foreigners are allowed to purchase property in Grenada, however, they must obtain a permit from the Ministry of Finance before doing so. Homes in Grenada typically include amenities such as air conditioning, swimming pools, and private gardens. Many homes also have access to beaches, marinas, and other recreational activities.
How do I find a place to live in Grenada?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Grenada is to search online for rental listings. There are a variety of websites that offer listings for apartments, houses, and other types of rental properties in Grenada. Additionally, you can contact local real estate agents who specialize in Grenada rentals. They can provide you with more information about available properties and help you find the perfect place to live. You can also ask friends and family who live in Grenada for recommendations. They may be able to provide you with information about rental properties that are not listed online," explained one person living in Grenada.
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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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What is a typical expat home or apartment like in Grenada?
"Expat homes and apartments in Grenada are typically modern and comfortable, with air conditioning, cable TV, and internet access. Many expats choose to live in the larger cities, such as St. George's, where they can find a variety of housing options, from luxury apartments to more affordable homes. Expats can also find homes in smaller towns and villages, where they can enjoy a more relaxed lifestyle. Most expat homes and apartments come with a balcony or terrace, allowing for outdoor living and entertaining," explained one person living in Grenada.
William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
What is the average cost of housing in Grenada?
If you are thinking about moving to Grenada, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Grenada varies depending on the type of accommodation and location. Generally, rental prices for apartments and houses range from moderate to expensive. Prices for furnished apartments and houses can be higher than for unfurnished ones. Additionally, the cost of housing in Grenada is affected by the demand for the area, with more popular areas tending to be more expensive," said one person in Grenada.
Should I buy or rent a home in Grenada?
If you have not spent a lot of time in Grenada, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Grenada can be a great investment, as the country is known for its beautiful beaches and lush landscapes. However, it is important to consider the cost of living in Grenada before making a decision. Renting a home in Grenada can be a more affordable option, as it allows you to enjoy the same benefits of living in Grenada without the long-term commitment of buying a home. Additionally, renting a home in Grenada can provide more flexibility, as you can move to a different area or even a different country if you choose. Ultimately, the decision to buy or rent a home in Grenada should be based on your individual needs and financial situation," said one expat who made the move to Grenada.
What do I need to know when buying property in Grenada?
When we asked expats what advice they would give a foreigner before buying a property in Grenada, they said:
"1. It is important to research the local laws and regulations regarding property ownership in Grenada before making any purchase. 2. It is advisable to hire a local lawyer to assist with the purchase process and to ensure that all legal requirements are met. 3. It is important to obtain a title search to ensure that the property is free of any liens or encumbrances. 4. It is important to obtain a survey of the property to ensure that the boundaries are accurate and that the property is not encroaching on any other land. 5. It is important to obtain a building inspection to ensure that the property is structurally sound and that any necessary repairs are identified. 6. It is important to obtain a valuation of the property to ensure that the purchase price is fair and reasonable. 7. It is important to obtain a deed of sale to ensure that the transfer of ownership is legally binding. 8. It is important to obtain a certificate of occupancy to ensure that the property is suitable for habitation. 9. It is important to obtain a certificate of title to ensure that the property is registered in the buyer's name. 10. It is important to obtain a certificate of insurance to ensure that the property is adequately protected against any potential risks," remarked one foreigner who made the move to Grenada.
Are foreigners allowed to own property in Grenada?
When we asked expats what advice they would give a foreigner before buying a property in Grenada, they said...
"Yes, foreigners are allowed to own property in Grenada. The country has a well-established legal system that allows for foreign ownership of real estate. The process is relatively straightforward and involves obtaining a Certificate of Title from the local Land Registry Office. The Certificate of Title is the legal document that proves ownership of the property. Additionally, foreigners are allowed to purchase land in Grenada, but they must obtain a permit from the Ministry of Finance before doing so," said one in Grenada.
What appliances are typically included in a rental?
We asked foreigners in Grenada what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Grenada typically include a refrigerator, stove, oven, and washing machine. Other common appliances may include a microwave, dishwasher, and air conditioning unit. Depending on the property, additional amenities such as a dryer, hot tub, or pool may also be included," said one foreigner living in Grenada.
Additional Information about Searching for a Home in Grenada:
We asked foreigners in Grenada what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Grenada by looking online for real estate listings, contacting local real estate agents, and searching for rental properties on websites such as Airbnb. Additionally, expats can look for housing options in local newspapers and magazines, or ask friends and family who live in Grenada for recommendations," explained one foreigner living in Grenada.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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Advice for people renting and buying real estate in Grenada.