Can Foreigners Buy Property in Grenada? Complete Guide (2026)
Foreign Ownership Laws in Grenada
Grenada allows non-citizens to purchase and own property with full legal ownership rights. Foreign buyers can acquire:
Residential homes
Land parcels
Vacation properties
Commercial buildings
Investment developments
Ownership is typically held through a Deed of Conveyance, which legally transfers the title of the property from the seller to the buyer.
Alien Landholding Licence Requirement
Most non-national buyers are required to obtain an Alien Landholding Licence (ALHL) before purchasing property in Grenada. This licence grants legal permission for foreigners to own land within the country.
Key details include:
The licence fee is generally 10% of the property purchase price
The application must be submitted to the government for approval
Processing time may range from 2 to 6 months
In many cases, the purchase agreement is signed first, and the licence is obtained before final completion of the transaction.
Exceptions to the Licence Requirement
Foreign buyers may not need an Alien Landholding Licence if the property is located within a government-approved development. These developments are structured to allow international purchasers to acquire property without individual licence applications.
Such developments are often associated with tourism or investment projects, including some that qualify under Grenada’s Citizenship by Investment Programme.
Citizenship by Investment Option
Grenada operates a well-known Citizenship by Investment (CBI) programme that allows qualifying investors to obtain citizenship through approved investments.
Real estate is one of the qualifying investment options. Investors who purchase property within approved projects may become eligible for Grenadian citizenship, provided they meet the programme’s requirements.
Citizenship offers benefits such as:
Visa-free travel to numerous countries
The ability to live and work in Grenada
Access to regional and international business opportunities
Property Ownership Rights
Foreign property owners in Grenada enjoy many of the same rights as local citizens, including the ability to:
Sell or transfer the property
Lease the property to tenants
Use the property as a vacation home
Pass the property to heirs
There are generally no restrictions on resale to other foreigners or locals.
Taxes and Purchase Costs
Foreign buyers should budget for additional costs associated with property purchases in Grenada.
Typical expenses include:
Property Transfer Tax (usually 10% for non-nationals)
Legal fees (approximately 1%–2% of the purchase price)
Stamp duty
Property valuation fees
Alien Landholding Licence fee (if required)
These costs are separate from the property purchase price and should be factored into the overall investment budget.
Financing Options for Foreign Buyers
While many foreign purchasers buy property with cash, mortgages may be available through local banks.
Typical lending requirements may include:
A down payment of 20% to 30%
Proof of income and financial statements
Property valuation
Life insurance coverage
Loan approval ultimately depends on the borrower’s financial profile and the bank’s lending policies.
Final Considerations Before Purchasing
Foreign buyers interested in Grenada real estate should take several important steps before committing to a purchase:
Hire a qualified local attorney to review all legal documents
Confirm whether the property requires an Alien Landholding Licence
Verify title ownership and property boundaries
Review any covenants or development restrictions attached to the property
Understanding these requirements helps ensure a smooth purchase process and protects the buyer’s investment.
Grenada’s open property laws, stable market, and attractive lifestyle continue to make it a popular destination for international real estate buyers seeking Caribbean property ownership.
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