Buying a Property in Grenada
There are all sorts of things to consider when buying a property in Grenada. You need to think about lawyer’s fees and the purchase costs of each type of property for example. The law differs depending on whether you are a local or foreign investor, so it’s important to take note of some of the guidelines regarding property purchase in Grenada.
As a foreigner, you can purchase a form of property or land as long as you have an Alien Land Holding License. The license is acquired before purchase and is 10% of the original selling price. In order for your application to process as is necessary, you must obtain police clearance from your place of residence along with a bank reference. Usually, this takes around 2 to 3 months to process. Following obtaining a license you can get a survey which is highly recommended. Once everything is complete and the conveyance demands are met, you can go ahead with the payments. Stamp duty and sales tax is carried out by the lawyer.
If you want to learn more about buying property in Grenada, contact Property Frontiers as we have a wide range of international properties available for purchase. Discover how we can help you by contacting us prior to your investigation. We can inform you of the current market standings in Grenada and find you the best options. We have broad spectrum of services regarding residency in Grenada, investments for properties in Grenada and other aspects of overseas property purchasing.
We are vastly experienced in the field of property management so we can help you with building, renovation and other necessary property management services. If you plan on making an investment in a property in Grenada, we have the services at hand to offer full management and consultancy regarding overseas properties. We adjust our approach to suit the needs of our clients and focus on your specific demands at all times.
If you have any questions regarding property purchase in Grenada or you are interested in investing in properties overseas, contact Property Frontiers today and discover more about the property market in Grenada at the moment and whether your potential investment will benefit you in the long term.