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Grenada Real Estate

$350,000

Grenada Real Estate

$350,000

Grenada’s Citizenship by Investment Programme allows individuals and their families to obtain citizenship against purchasing a property in Grenada worth $350,000 plus payment of various registration and citizenship fees.

Grenada property market is expected to expand by 1.8% in 2016 due to increasing number of foreign buyers. Hotel cottages cost about $420,000 while luxury villas in coastal areas cost $600,000. The average prices per square foot cost $200 to $500 depending on the location. The rental yields are about 4.2% in coast areas.  The residential areas of Mount Cinnamon, Prickly bay, Port Louis cost around $700 to $1000 per sq.ft while at Four seasons are very expensive almost double $1700 per sq.ft

Under the real estate investment option, one has to buy a Government approved real estate project  developments such as approved project consists of real estate developments luxury hotels, resorts, and villas worth atleast USD 350,000. You must hold the real estate 5 years.

Citizenship fees for Real estate

REAL STATE OPTION Single Applicant Main Applicant + Spouse Family of four family members Family over four family members
Required Contribution Amount USD 350,000 USD 350,000 USD 350,000 USD 350,000
Government Fee USD 50,000 USD 50,000 USD 50,000 USD 50,000 and USD 25,000 per additional dependant after the third dependant
Application Fee USD 1,500 USD 1,500 per person USD 1,500 per person USD 1,500 per person
Due Diligence Fee USD 5,000 USD 5,000 per person USD 5,000 per person aged 18 and over, USD 2,000 for each dependant aged between 12-17 USD 5,000 per person aged 18 and over, USD 2,000 for each dependant aged between 12-17
Processing Fee USD 1,500 USD 1,500 per person USD 1,500 per person aged 18 and over, USD 500 for persons under 18 USD 1,500 per person aged 18 and over, USD 500 for persons under 18

Approved Real Estate Projects

GRENADA SUSTAINABLE AQUACULTURE LIMITED
GRENADA RESORT COMPLEX LTD
HIDEAWAY TRUE BLUE
HOPE DEVELOPMENT LTD
LEVERA BEACH RESORT
MARIPOSA
MOUNT CINNAMON
THE POINT AT PETITE CALIVIGNY, C&C GRENADINES LTD
THE SANCTUARY AT FIJI BEACH
SILVER SANDS

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