Grenada Records High Volume of Real Estate Applications

The Grenada CBI unit has received record breaking number of real estate investment applications under the citizenship by investment program for 2022. According to the statistics published by Finance ministry, a total of 630 applications for real estate were received of which 325 applications were already approved. Only fewer applications were refused.

CBI	Applications Received (Total)	NTF	Real Estate	Applications Approved	Applications Refused
2022	793	163	630	325	8
2021	566	213	353	402	24
2020	394	151	243	375	35
2019	373	192	181	265	44

Source: CBI Statistics – Ministry of Finance

The Grenada property market has recovered significantly after Covid with rising tourism and demand for real estate. The location of a property is one of the most imperative factors that influences price of property in Grenada. The CBI report clearly shows real estate investment is the most popular route (4 times popular) compared to the donation option. Grenada is super attractive to foreigners seeking second citizenship to avail the benefits of E-2 visa to US and enjoy a visa free travel to China. Grenada requires a minimum investment of USD 150,000 (donation) and USD 220,000 (real estate) to be invested in Government approved hotels, villas or resorts yielding high returns in exchange for Grenadian passport. Grenada does not impose restrictions on any country nationals applying for CBI programme. They must keep the real estate for at least five (5) years following the grant of citizenship. The following chart highlights the costs and fees associated with this route.

Grenada hotel market are thus fantastic opportunities for citizenship investors looking for high returns.The following are Government approved five star resorts which are very popular and most sought after for USD 220,000 (share) with returns. The USD 350,000 investment comes with full property title.