In Grenada, real estate prices can vary significantly based on location, amenities, and property type. While the government does not publish official real estate price statistics, market analysis indicates that the starting price for residential real estate is around $1,000 per square meter. For more modern and well-equipped properties, prices begin at about $2,500 per square meter.
Additionally, the real estate market in Grenada has been experiencing an average annual growth rate of about 4%. This indicates a steadily increasing value, making real estate investments in Grenada potentially profitable over time. The higher costs for modern properties reflect their advanced amenities and often more desirable locations, such as beachfront or near tourist attractions, which are particularly appealing in a tourism-centric economy like Grenada's.
Prospective buyers should consider these dynamics and possibly engage with local real estate agents or consultants to obtain the most accurate and current market data before making investment decisions.
