• Alien Landholding Licence Fee: 10% for non-residents (only)
  • Legal Fees: 2% of the purchase price, approximately
  • Stamp Duty: approximately 1% of the purchase price
  • VAT: 15% on Legal Fees


  • Property Transfer Tax:
    • – 5% of the agreed sales price for nationals and members of the OECS
    • – 15% of agreed sales price for non-nationals.
    • ( The government of Grenada allows an exemption of the first EC$ 20,000 on property.)
  • Legal Fees: Approximately 1% of the purchase price + 15% VAT
  • Real Estate Commission: 5% of the purchase price + 15% VAT

Yes, the average cost for this is 2% of the agreed purchase price of the property/land that you are purchasing.

Annual Property Tax Calculations

  • Commercial: Land 0.005 and Building 0.003
  • Residential: Land 0.001 and Building 0.0015
  • Agricultural Land: 0 (Check out Government of Grenada Website for more info)

Tax Calculation Example:

Commercial Land: Property Value $ 100,000.00 x 0.005 = EC$ 500.00 – yearly property tax

Useful tips for buying real estate property

  • An interested buyer will put forth an offer letter.
  • If the offer is accepted by Seller, your agent will formally notify (with Acceptance Letter) the purchaser that the offer has been accepted.
  • The Acceptance Letter is copied to the Seller’s lawyer and the purchaser’s lawyer.
  • Seller’s lawyer uses the Acceptance Letter to prepare a Sale Agreement. The Sale Agreement is sent to the purchaser’s attorney for perusal. Once approved, it is forwarded to the purchaser for signature.
  • Upon signature, the buyer is responsible to pay a deposit, typically 10%.
  • The deposit is retained by your attorney, and released only upon the closing of the sale.
  • A Title Search is carried out by the purchaser’s lawyer (to ensure a clear title) and a Conveyance is prepared.
  • The purchaser then makes final payment to their lawyer, which is sent on to Seller’s lawyer.
  • The duration of this process until completion is 1-3 months.

SELLING TO FOREIGN BUYERS: Non-Grenadian Residents are obligated to secure an “Alien Land Holders License” and pay 10% on the purchase price. The application process for the license can take 3-6 months.

  • Legal Fees: Approximately 1-2% of purchase price + 15% VAT on fees (e.g. fees of $ 1000 x 15%= $ 150. Total fees=$ 1150)
  • Stamp Duty: 1% of purchase price
  • Surveyor’s Fee: 0.5% of agreed sales price (if applicable)
  • Alien Land Holding License (non-residents/citizens): 10%
  • Incidental Expenses: Approximately US$ 600.00
  • Property Transfer Tax: 5% of the purchase price for nationals and members of the OECS, and 15% of the purchase price for non-nationals
  • Legal Fees: approximately 1% of the purchase price + 15% VAT
  • Real estate commission: normally 5% of the purchase price + 15% VAT (to be paid by seller)
  • Out-of-pocket expenses: approximately US$ 250.00

Government of Grenada allows an exemption on the first EC$ 20,000 of property value. Value Added Tax – VAT: 15% on Agents Commission and Legal Fees.

Local banking institutions require declaration of ‘source of funds’ from the Buyer. For amounts above EC$ 250,000, approval is required from the Grenada Ministry of Finance.

Sapna Homes Inc

True Blue
St. George

1 (473) 409-9516
1 (473) 443-2255
1 (718) 713-6857