Property Buyer's Guide
Grenada is a fabulous, safe and beautiful island and the perfect choice for your dream home. Our agency services are totally free to buyers, so let us help you find your new home and guide you through the process.
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​Steps to Buying Property in Grenada
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Property Search: Identify property through local agents or online listings and we strongly recommend a full viewing with the agent is arranged and completed.
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​Offer: Make an offer (via your real estate agent) which if accepted, leads to a written sale agreement
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Finance: If you need a loan or mortgage, we advise you discuss your needs with a lender and establish pre-approval status on the loan. Consult us about referring you to a local financial specialist
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Engage Professionals: Hire a local lawyer to handle the sale on your behalf ensuring the sales agreement is properly drawn up and signed accordingly. They will also conduct due diligence, title searches, and handle the Alien Land Holding License application if you are not a Grenadian Citizen.
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Secure ALHL (Non-Citizens): Foreigners must apply for the ALHL, requiring police records, character references, and bank statements.
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Deposit & Agreement: Pay a 10% deposit to the seller's lawyer (held in escrow).
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Finalise Purchase: Pay the balance, including stamp duty and legal fees, to complete the transfer of title.
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Costs and Fees•
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Alien Land Holding License: 10% of the purchase price.•
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Stamp Duty: 1% of the property value.•
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Legal Fees: Approximately 1%–2% of the purchase price, plus 15% VAT.•
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Surveyor’s Fee: Roughly 0.5% of the sales price, if needed.•
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Property Transfer Tax: 5% for citizens, up to 15% for non-nationals
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Essential Tips•
Land Survey: RRE will try to establish clear boundaries of all listed properties. However, if boundaries are unclear it is strongly advised to have a land surveyor re-establish boundary markers before completing the purchase.•
Due Diligence: Ensure your lawyer checks for any existing liens or encumbrances on the property.•
Timeline: The entire process typically takes 3–6 months, largely depending on the ALHL approval time.
Disclaimer: Real estate regulations and fees can change; it is highly recommended to engage a licensed local attorney and real estate agent in Grenada.