as a non-national buyer, budget for the Alien Landholding Licence fee (a percentage of the price), stamp duty (around 1%) and your attorney’s fees (commonly 1–2%). The seller pays property transfer tax. Grenadian buyers skip the licence fee. Annual property tax afterwards is modest.
Planning table
| Item | Who pays | Typical figure |
|---|---|---|
| Alien Landholding Licence fee | Buyer (non-national) | Percentage of the price set by government — historically 10% |
| Stamp duty | Buyer | Around 1% |
| Attorney’s fees | Buyer (own attorney) | Commonly 1–2% plus disbursements |
| Property transfer tax | Seller | Lower rate for citizens, higher for non-nationals |
| Agent’s commission | Seller | Agreed in writing before listing |
| Annual property tax | Owner | Small percentage of assessed value, varying by land use |
Rates are set by the Government of Grenada and change from time to time. Use this as a planning guide and ask us for a written estimate for a specific property; we confirm current rates with your attorney before you commit.
Worked example
On a US$500,000 villa, a non-national buyer might plan for roughly US$50,000 for the licence, US$5,000 in stamp duty and US$5,000–10,000 in legal fees — around 12–13% on top of the price. A Grenadian buyer would plan for about 2–3%. Land purchases follow the same structure.
Ongoing costs
- Annual property tax (modest; higher for developed than undeveloped land)
- Insurance — insurers want to see construction standards; Grenada’s southern position helps premiums
- Utilities: NAWASA water, GRENLEC electricity (air-conditioning is the big variable), internet
- Property management if you let or are away — typically a percentage of rent
- Estate or community fees in gated developments
Currency
Grenada uses the Eastern Caribbean dollar, fixed at EC$2.70 to US$1. Prices are quoted in either; use the US$/EC$ switch on our listings. Overseas buyers usually pay in US dollars.
