Private Island Isle de Ronde Grenada, Grenada Island, Grenada

Buyers Guide Grenada is predicted to be the fastest growing Caribbean market between 2011 & 2021 (WTTC) Enjoy a recent NY Times article: http://travel.nytimes.com/2013/02/17/travel/in-grenada-ocean-views-with-a-spice-scent.html?pagewanted=all&_r=1& Grenada's physical beauty is complemented by its vibrant cultural heritage and rich history. It offers fun, excitement, romance and tranquility. “Grenada - set to be one of the fasted developing tourism destinations over the next 10 years”. Grenada has an a very active Tourism sector. Grenada is predicted by the World Travel & Tourism Council to be the fastest growing market in the Caribbean between 2011 and 2021. The island welcomed over 116,000 visitors in 2011. Grenada handles her global touristic appeal well and enjoys ease of access with direct flights from the UK, Europe, Canada and the US. The island has a picturesque capitol of St George’s and the Port Louis International Luxury Yacht Marina the smaller scale of the island means that where ever you are you are always well placed for easy access to all Grenada’s highlights. With 45 spectacular beaches, breathtaking mountain lakes and rainforests, fabulous diving and sailing, Grenada is truly a tropical paradise. National Geographic Magazine highlight Grenada : “Grenada — Best World Trip for 2013” . Grenada is possibly the most beautiful island In the Windwards... perhaps the entire Caribbean. Recent NYTimes Article: http://travel.nytimes.com/2013/02/17/travel/in-grenada-ocean-views-with-a-spice-scent.html?pagewanted=all&_r=1& Grenada & Carriacou Property Buying Information Grenada is predicted from current indicators to be one of the fastest growing Tourist destinations in the Caribbean over the next few years. Supporting You through the Process The sale process can easily be handled remotely from the UK, US or Canada. Most of our previous purchasers have visited the island and then proceeded with the sale remotely, visiting once more after the property has exchanged. Our team are on hand to assist with the purchase process as you go forward. Alien Land Holders Licence All foreign nationals wishing to purchase property in Grenada must apply for an Aliens Land Holding Licence, which is generally a simple process handled by the buyers attorney, once the licence has been issued 10% of the purchase price must then be paid to the government. Before the licence is issued the buyer must provide bankers reference letters, character & police references. Time Scale It normally takes 2-3 months for legal process and the sale to close. Legal Matters The purchaser appoints a Grenadian attorney to search the register and establish title to the property prior to the completion of sale to ensure that there are no encumbrances, charges, encroachments or other impediments to the sale. We can provide you with a set of recommended Grenadian attorneys upon request. Guide to Buyers Closing Costs Legal Fees Approximately 2% of the purchase price Stamp Duty Approximately 1% of the purchase price Alien Landholders 10% of Purchase Price. Sellers Legal Fees Approximately 1% of the purchase price Property Transfer Tax 5% of the purchase price for nationals and 15% for non nationals Property Title The majority of property in Grenada is owned fee simple, however property in Grenada may also be held on long lease from private individuals, which are normally 99 years or the unexpired term in the case of an assignment of a lease. A purchaser of such a leasehold interest will enjoy all the benefits of an absolute title for the duration of the lease. Lease can be renewed for usually a fairly small fee and the legal process is straightforward - the renewal can be done once the property is purchased.