Grenada real estate continues to surge, according to the latest report from Century21 in Grenada.
After sales volume rose by 71 percent in Grenada in 2015, the country’s real estate market set another new high with 23 percent growth in 2016, according to the report.
Grenada real estate transactions totaled just over $50 million last year, up from $40.7 million in 2015.
The St. George area comprised over 70 percent of the country’s transactions, while northern parishes like St. John, St. Mark and St. Patrick contributed a combined 6 percent.
In all, there were 298 transactions in St. George, followed by 68 in St. Andrew and 65 in St. David.
There were a total of 47 transactions on the island of Carriacou, a sign of potential for the largely undiscovered island.
The data did not account for transactions through Grenada’s citizenship by investment program, which typically sells fractional ownership and equity shares, which are not typically classified as real estate transactions in the data.
Read the full report on the Grenada real estate market.
— Caribbean Journal Staff
