Grenada is a gem in the West Indies, and owning a piece of this gem is a treasure.
This beautiful island getaway has many designated residential areas like Lance Aux Epine, Westerhall Point among others, but there are also many other communities that are great to live in.
St Paul’s is a quiet neighborhood that’s located in the St George’s parish. The main road that ties areas like Perdmontemps and Windsor Forest passes in the middle of the St Pauls area. It’s a great place to live. There’re many areas within this community where you’d find some amazing views of the sea and the surrounding areas. It also has the added advantage of being just 5 to 10 minutes’ drive to the capital St George’s. land in St Paul’s would usually be around E.C $7.00 to $10.00 per square foot which would be like U.S $2.60 to $3.75 per square foot.
Spring is strategically positioned with some areas being less than five minutes’ drive to the capital St George’s. Almost all traffic on the eastern main road that are going into the capital St George’s passed through Springs. Most areas are just 5 to 10 minutes’ drive to the capital. In some areas you can get breathtaking views of the Belmont, Carenage, Port Louis and the Kirani James Boulevard area. Prices of land here ranges from E.C $8.00 to $12.00/ U.S $3.00 to $4.50 per square foot.
Home to popular areas like Westerhall Point and Close Rock, Westerhall is a great, safe community that’s located in the beautiful virgin parish of St David’s. Land in these two areas (Westerhall Point and Close Rock) are almost sold out fortunately Westerhall has many other beautiful areas with adequate land space that are still available. Land in these areas will usually range from E.C $8.00 to $15.00/ U.S $3.00 to $5.75 per square foot. Westerhall is the pride and joy of St David’s. It’s just 15 minutes’ drive to the capital and many locations boast amazing views of the sea and some that are just a few minutes’ walk to beautiful beaches. The general area has a great reputation and is a popular choice for returning Grenadians and locals alike.
Located in the parish of St David’s about 15 minutes’ drive from the capital and home to the popular La Sagesse beach (all areas in La Sagesse are within walking distance to the beautiful la Sagesse beach). It is growing to become a very popular area for returning Grenadians who love the privacy and calmness some parts of La Sagesse offers. The eastern main road that runs from Grenville to St Georges passes through La Sagesse making it very accessible by public and/or public transportation. The price of land here usually ranges between E.C $8.00 to $12.00/ U.S $3.00 to $4.50 per square foot.
Located to the southern end of the island in the St George’s parish Grand Anse is by far one of the most popular locations in Grenada. It’s home to the world famous Grand Anse beach , shopping centers, major hotels and guess houses and many other beautiful areas. Grand Anse is conveniently located just 5 minutes to the capital, the international airport and the St George’s University. You can purchase land that boast stunning views of the Grand Anse beach and the surrounding areas. This is an ideal place to live. Price of land here generally ranges from E.C $15.00 to $35.00/ U.S $5.62 to $13.11 per square foot.
Morne Rouge is just picture perfect, located to the south of the island in the parish of St George’s. It shares its’ boundaries with Grand Anse and has a spectacular coast line. It’s a relatively upscale community that is home to the popular Morne Rouge beach which is a beautiful stretch of white sand that’s also a popular snorkeling spot. Properties here would give you a beautiful view of the St George’s capital in the distance and the Morne Rouge bay. Prices of land here usually range from E.C $15.00 to $35.00/ U.S $5.62 to $13.11 per square foot.
Tempe is located in the parish of St George’s and is just five minutes’ drive to the capital. It’s a favorite for persons looking to live a little closer to the capital city but want the quiet and peacefulness that the rural areas offers. The price of land in Tempe generally ranges from E.C $8.00 to $12.00/ U.S $3.00 to $4.50
Mt Nesbit is a great community located on the western side of the island in the parish of St Johns. It’s located just 2 minutes’ drive to the town of Goyouve which is a popular fishing village that’s a favorite for foreigners and locals with its weekly fish Friday festival. Mt Nesbit is about 15 to 30 minutes’ drive from the capital. Many areas in this community boast some amazing views of the calm Caribbean Sea. It’s a beautiful area to live. Price of land here range from E.C $8.00 to $10.00/ U.S $3.00 to $3.75 per square foot.
Calivigny is a great community located in the south eastern corner of the parish of St George’s bordering with the St David’s parish. The eastern main road that connects areas like Grenville, Westerhall, Springs and St George’s passes through this community. It’s just 5 to 10 minutes drive from the capital giving residents easy access to hospital services, shopping and more. Calivigny has some good residential land spots that are up for sale. Prices of Land in Calivigny varies but the average price would be around E.C $8.00 to $12.00/ U.S $3.00 to $4.50. per square foot.
Westerhall is a peaceful neighborhood located in the Parish of St David’s on the beautiful Caribbean island of Grenada.
This beautiful community is probably most famous for the Westerhal Rum Distilleries. The alcohol products that are made here are popular island wide and some of those products even have the name Westehall included in the product title thus giving the community a fair amount of Popularity among the Grenadian population. Westerhall also boast the popular Westerhall Point neighborhood which is an exclusive residential area and arguably Grenada’s best upscale residential neighborhood.
Westehall is just 15 minutes’ drive away from the capital city of St George’s and almost all areas have easy access to the main road that passes through the middle of this community and public transportation. It’s quite a popular community for returning Grenadians and locals. Many areas within this community boast spectacular views of the sea and some are even just a few minutes away from incredible white sand beaches. Owning a property in this beautiful Grenadian community will definitely be a treasure.
In this article we would try to give you an insight into the cost of living on the beautiful Caribbean island of Grenada. Grenada is located to the north of Trinidad and Tobago and to the South of St Vincent and the Grenadines.
Ethnic groups: blacks 82% Mulatto 12% Indians 3% and whites 2.9%, trace Arawak/Carib Amerindian
Religions: Roman Catholic 53%, Anglican 13.8%, other Protestant 33%, Buddhism 0.2%
104,890 (World Bank, 2011)
English is the official language but English creole and French Patois is also spoken
Eastern Caribbean Dollar (XCD); you would sometimes see the abbreviation EC which means the same thing.
1 US = 2.67 EC
Banks- 8 AM to 2 PM Monday to Thursday and 8 AM to 4 PM on Fridays
General Business hours are Monday to Friday 8 AM to 4 PM and on Saturdays from 8 AM to 1 PM
Building in Grenada
Homes in Grenada generally tend to have an open tropical look and it’s obvious why. It gets really hot down here in the Caribbean and most persons like being cooled by the soothing tropical breeze that always seems to gently caress you on an ordinary hot day. A large verandah (almost every home in Grenada has a verandah) is where residents do most of their living and entertaining. A veranda can be strategically positioned to take advantage of the scenic views that are so prevalent in Grenada. The average cost to build a home in Grenada will all depend on a few obvious factors like
1. The Location, (Slope etc)
2.The type of property you want to construct,
3.The materials you want to be used in construction
4. The size of the property you wish to construct.
If one is to build a residential house in one of the more well established residential areas in Grenada for example in Westerhall Point, or Lance Aux Epines, it will generally run them a cost of between $250.00 to $ 325.00 dollars (EC) Eastern Caribbean dollars per square foot to build which would be like from US $100.00 to $150.00 but for non- exclusive residential areas like Grand Anse, Springs ,St Pauls ,Morne Jealoux, Happy Hill, Calliste and so on the cost will range between $175.00 to $250.00 dollars EC per square foot to build which would be like from US $60.00 to $125.00.
The slope of the land on which you would be building on also plays an integral role in the overall cost of the property. Most of the available residential land that you’d find in Grenada will be sloping to moderately sloping and as you would expect there’s usually some extra excavation to be done.
Grenada has a sizable and growing population of foreign permanent and/or part-time residents. They’re mostly from the UK, the US and Canada but there is also an increasing number of Europeans who have chosen to make this island paradise their home. The local population are known internationally for their hospitable and friendliness: that’s no wonder Grenada is such a favorite for thousands of persons who have fallen in love with its unique charm and beauty.
Cost to Rent in Grenada:
Foreigners who visit Grenada generally tend to favor properties in upscale residential neighborhood like for example Lance Aux Epines, True Blue, Westerhall Point among others to rent. These locations are all beautifully developed peninsulas that boast amazing views of the sea and are always cooled by the easterly breeze.
A 3 bedroom fully furnished apartment or house in those areas mentioned above will generally cost you around US $1800.00 to US $4000.00. A 1 bedroom will usually cost you around US $500.00 to US $1200.00. The cost of renting in other areas would vary drastically. The closer to the capital, Grand Anse, the international airport, you are usually the more expensive the price of the rent. Properties in the rural interior of the island are most often the more affordable properties you’d find to rent in Grenada.
Cost of land in Grenada.
Visit this link HERE to Check out the different prices for land for sale in Grenada.
Annual Property Taxes
Property Tax Rate
Commercial building Tax 0.3 %
Commercial Land Tax 0.5%
Residential Land 0.1 %
Residential Buildings 0.15%
The percentage is charged on the value of the property assessed by the Government.
Island of Grenada own a piece of this paradise
For those of you that are wondering if Grenada is a good destination to visit I would just like for you guys to know that it’s the perfect place to live or visit. The weather is great the people are friendly and the scenery is just to die for.
Buying a property in Grenada could be one of the best choices you would ever make. Many foreigners and returning Grenadians usually tend to favor exclusive residential developments to live. There are quite a few of these developments to choose from through out the island. Well established residential neighborhoods like Westerhall Point and Lance Aux Epines have for a very long time been the most popular and most sort after of these areas. In recent times Egmont and True Blue among others have risen to the top of the list as well.
Grenada is a year-round vacation destination. Visitors flock here from the four corners of the world and they all love it. Imagine owning a property on this island paradise where the sea is always in view and the beach is never more that five minutes away. The cost of real estate here is not as expensive as you might think. You can snatch up amazing properties for great prices. The real estate deals in Grenada are all around to be found but remember great deals never last for long especially when there are other persons looking. Touched Reality Real Estate services has made it our duty to find and list some of the best real deals on the island of Grenada. We seek out listing that are the best value for the price that’s being requested.
Upscale Residential Communities In Grenada
1. Lance Aux Epines– Conveniently located just five minutes from the Maurice Bishop International Airport and two minutes from the world famous Grand Anse beach and shopping complexes Lance Aux Epines is considered by many to be the king of the residential neighborhoods in Grenada. It boasts great vacation properties which includes the Calabash hotel, Coral Cove, Lance Aux Epines Cottages, and most recently the award winning Prickely bay Development project. The cost of land there would usually run from US $8.00 to US $25.00 per sq.ft.
2. Westerhall Point- This exclusive upscale residential neighborhood is located in the parish of St Davids on a sheltered peninsula just ten minutes from the capital city of St George and shopping. It is best known for its’ sprawling private waterfront residential properties and exclusiveness. Many persons recognizing the value of properties in this area invested in purchasing reasonable size lots hence there are not many lots available for sale presently. Prices usually range from US $10.00 to US $30.00per sq.ft.the cost of residential homes will vary but will usually be about US $500,000 and up.
3. True Blue- located just five minutes from the international airport and the Grand Anse area this upscale residential neighborhood is known by many for its’ exclusiveness and the popular True Blue Bay Resort and Marina. Similar to Lance aux Epines it’s located to the southern end of the island, on a peninsula that features amazing views of the world famous St Georges University to the west and Lance Aux Epine to the east. Also like Westerhall Point there are not many lots available for sale. Prices of available lots range from US $15.00 to US $30.00 per sq.ft.
4. Fort Jeudy- Located relatively close to Westerhall Point is quickly becoming an area of choice for Locals, returning Grenadians and foreigners alike. Like the other residential neighborhoods mentioned before most properties in this area would also feature stunning sea views. A sheltered harbor protects residents with waterfront properties who owns boats from rough waves. Unlike True Blue and Westerhall Point there are quite a bit of lots that are available for sale here but considering the trend I don’t think that they’re going to be around for very long.
Prices range from US $5.00 to US $20.00 per sq.ft.
5. Egmont- Located just about five minutes away from the city of St Georges this is one of the newest residential developments on the island. The ambitious developers of this project hope to turn this beautiful peninsula into the best residential area on the island. All lots like in most of these developments feature beautiful views of the sea. Many Grenadians have taken advantage of the opportunity and have secured lots in this area. There are quite a few more lots available which are well worth the price of around US $5.00 to US $20.00 per sq.ft.
There are currently a few more developments on stream in Grenada and on the sister island of Carriacou which are very beautiful and allows for persons to own land in some of the most sort after developments. One such development is the Belle Isle development project to the north eastern side of the parish of St Davids. Constantly cooled by the soothing Atlantic breeze this relatively new development boasts amazing sea views on a peninsula in a well-established gated community. Properties in this area range from US $5.00 to US $15.00 per sq.ft.