Real Estate in St. George's, Grenada
Last updated on Dec 04, 2024
Summary: Expats and retirees talk about real estate in St. George's, Grenada? How do you find a home in St. George's? Should you buy or rent? What is the cost of housing?
How do I find a place to live in St. George's?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in St. George's involves several steps. First, you need to determine your budget and what type of accommodation you are looking for. This could range from a small apartment to a large house, depending on your needs and financial situation. Next, you should research the different neighborhoods in St. George's to find one that suits your lifestyle and preferences. Some areas may be closer to the beach, while others may be closer to the city center or have better access to public transportation. Once you have a general idea of where you want to live, you can start looking for specific listings. There are several online platforms where you can find rental listings, such as Airbnb, Booking.com, and local real estate websites. You can also contact local real estate agents who can help you find a place to live. They will have a good knowledge of the local market and can help you navigate the process. When you find a place that you are interested in, make sure to visit it in person before making a decision. This will allow you to check the condition of the property, the neighborhood, and any potential issues that might not be visible in pictures. Finally, once you have found a place that you like, you will need to sign a lease or rental agreement. Make sure to read this carefully and understand all the terms before signing. Remember, finding a place to live can take time, so it's important to start your search well in advance of when you plan to move," remarked one foreigner who made the move to St. George's.
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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.
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 St. George's?
"A typical expat home or apartment in St. George's, is often located in a safe and secure neighborhood, with close proximity to amenities such as supermarkets, restaurants, and schools. These homes are usually spacious, featuring multiple bedrooms and bathrooms, a fully equipped kitchen, and a living room. Some homes may also have a separate dining area. The interiors are often modern and well-maintained, with air conditioning, Wi-Fi, and other essential utilities. Many homes also come with a balcony or a patio, offering stunning views of the surrounding landscapes, including the ocean or the mountains. Some properties may also include a private pool or access to a community pool. The homes are often surrounded by lush tropical gardens, adding to the overall appeal and tranquility of the place. Parking facilities are usually available for those who own vehicles," explained one person living in St. George's, 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 St. George's?
If you are thinking about moving to St. George's, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in St. George's can vary greatly depending on the type and location of the property. For a standard family home in a decent neighborhood, you might expect to pay somewhere in the mid to high six-figure range in Eastern Caribbean dollars. Luxury properties, particularly those with ocean views or beachfront access, can easily run into the millions. On the other end of the spectrum, smaller apartments or homes in less desirable areas can be found for significantly less. It's also worth noting that the cost of living in Grenada is generally lower than in many Western countries, so your money can go further here," said one person in St. George's.
Should I buy or rent a home in St. George's?
If you have not spent a lot of time in St. George's, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in St. George's depends on several factors. If you plan to stay in Grenada for a long period, buying a home could be a good investment. The real estate market in Grenada is growing, and property values are expected to increase over time. Owning a home also gives you stability and the freedom to make changes to your property as you see fit. On the other hand, if you're not sure how long you'll be staying or if you prefer not to have the responsibilities of home ownership, renting might be a better option. Renting a home in St. George's allows you to enjoy living in this beautiful Caribbean city without the commitment of a mortgage. It also gives you the flexibility to move if your circumstances change. Another factor to consider is your financial situation. Buying a home requires a significant upfront investment, including a down payment and closing costs. Renting, on the other hand, typically requires less money upfront, but you won't build equity as you would if you were paying a mortgage. In conclusion, the decision to buy or rent a home in St. George's, Grenada depends on your long-term plans, financial situation, and personal preferences. It's important to weigh the pros and cons of each option before making a decision," explained one expat living in St. George's, 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.
SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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