What it costs to buy property in Grenada
A foreign buyer should budget roughly 13.3% of the purchase price on top of the price itself. A licence is required before you can take title.
What you pay
- Alien Landholding Licence10.0% of the price$50,000
- Legal fees2.3% of the price$11,500
- Stamp duty1.0% of the price$5,000
| On a purchase of | $250,000 | $500,000 | $1,000,000 |
|---|---|---|---|
| Alien Landholding Licence | $25,000 | $50,000 | $100,000 |
| Stamp duty | $2,500 | $5,000 | $10,000 |
| Legal fees | $5,750 | $11,500 | $23,000 |
| Total on top of the price | 13.3% | 13.3% | 13.3% |
Who carries the taxes and fees
What the seller pays — not you
- Property transfer tax — 15%The seller's, and rated on the seller's status rather than the buyer's — 15% where the vendor is a non-national, 5% for a Grenadian or OECS vendor, after the first EC$20,000. Not a buyer cost, but it shapes the price a foreign seller will accept.
Guides that add every tax together and present the total as a buyer's bill overstate the cost. These are the seller's.
Can you buy as a foreigner?
Licence required
Non-nationals need an Alien Landholding Licence, and the fee is 10% of value — charged on completion once the licence is granted, which makes it the dominant cost of buying here as a foreigner.
Allow 3–6 months
A sale cannot complete until the licence is granted, so it sits on the critical path.
Take it with you
These figures as a PDF, worked out at the price you enter, with every source and the date it was checked.
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Nearby markets compared
What a foreign buyer pays on top of a $500,000 price, here and in the markets around it nearest in cost.
- GuadeloupeNo licence7.0%–7.8%
- MartiniqueNo licence7.5%–8.3%
- Saint Vincent and the GrenadinesLicence needed11.3%
- GrenadaLicence needed13.3%
- DominicaLicence needed16.9%