Government of Grenada
Investing in property in Grenada is a great opportunity for homeowners looking to invest in foreign property, as the island is fast becoming one of the most popular destinations in the Caribbean for holidaying tourists. Because of the unspoiled landscape and beautiful tropical weather Grenada enjoys, its many sparkling beaches are idyllic for holidaymakers looking for their own piece of heaven in the holidays. What’s more, with several 5 star resorts already established on Grenada and many more in the planning stages, tourists can relax while enjoying all the luxury facilities that first class resorts can provide; such as bistros, bars and spas as well as snorkelling and scuba diving activities for the adventurous.
When considering investing in property in Grenada, it is important to look into the legal requirements of purchasing properties on the island. Any foreign nationals wishing to purchase property in Grenada must first apply for an Aliens Land Holding Licence, and will be required to pay 10% of the property purchase price to the government upon receipt of that license. Most property in Grenada is owned fee simple, however some properties can be held on long lease from private individuals from 99 years in length. Leasehold owners enjoy all the benefits of full property owners for the duration of the lease.
Many property owners will require a registered Grenadian attorney to ensure that there are no charges, encroachments, encumbrances or other impediments to a prospective sale. With several years experience providing solid and reliable investment advice to clients and customers throughout the UK and beyond, Property Frontiers have the expert knowledge needed to be able to give you the most professional advice regarding all forms of property investment or alternative forms of investment.
Whether you are planning to invest in a number of resort homes or you are looking for various alternative forms of investment opportunity, with our years of experience in providing expert advice to a number of satisfied clients across the UK and beyond, Property Frontiers will be happy to assist you with your new project. You can contact us by calling 01865 202700 or by emailing us at email@example.com with your query. If you need to meet with an advisor in person to discuss your individual investment needs, we can arrange an appointment over the phone, or alternatively fill in the form to the right on the right with your details and your query and we will get back to you.