The last three decades have witnessed steady progress for Grenada economically and politically.

Grenada has recently exploded onto the scene as a premier Caribbean destination, and features a property market advantageous to buyers. The country remains in the upswing of recovery from its difficulties in the 2000s, with the global economic downturn and abundance of property meaning that prices are still depressed.

Grenada is above all a dynamic market, often depending on the economic fortunes of its visitors and investors. The exciting part of this is that the island is becoming increasingly attractive to both of these groups.


Economy Having overcome the challenges of the 2000s Grenada appears well positioned as a stable and steadily growing economy in the Caribbean. As an open and outward-facing service economy, with services accounting for 78.64% of GDP in 2014, Grenada will remain sensitive to how much business comes in from abroad. Tourism has overtaken agriculture as the leading sector for earning foreign reserves. Thus, Grenada is sensitive to global economic performance, especially consumer confidence and disposable income.
Legal There are no requirements on ownership of an investment; it can be owned by solely domestic, solely foreign, or a mixed group of investors. There are no requirements that Grenadian nationals have a share in the investment, or that foreign equity be reduced over time. There is no income tax on gains from the disposal of capital assets. However, there is a 5% property transfer tax on the value of any property or ownership shares sold, this tax increases to 15% for a non-national seller.
Regions Grenada is a small Caribbean country with three inhabited islands, Grenada, Carriacou, and Petite Martinique. A French, and then British, colony since the first colonial expedition in 1649, Grenada gained independence as a democratic Commonwealth country in 1974. It emerged from a period of political turmoil that began with a 1979 coup and involved a 1983 US invasion with elections in 1984. Power since then has alternated between the National Democratic Congress (NDC), a centre-left liberal party, and the conservative Grenada National Party which merged with other conservative factions to become the New National Party (NNP) after the elections of 1984.

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