Grenada Real Estate Market Performance – First Three Quarters of 2025

The Grenada real estate market has demonstrated a stable and confident performance throughout the first three quarters of 2025, supported by sustained owner-occupier demand, diaspora and foreign investments, a solid residential land market and commercial developments.

Transactional data indicates 574 sales, representing a total market value of approximately EC $214 million (rounded) , with a median sale price of EC $146,000 (rounded) and an average price of EC $374,000 (rounded).These figures reflect a balanced market, characterized by consistent activity across parishes, stable pricing, and increasing investor confidence in lifestyle and development-driven properties.

National Market Highlights

• Residential properties continue to dominate the market, accounting for approximately 94% of all transactions and 85% of total sales value, confirming Grenada’s end-user–driven nature.

• St. George remains the undisputed hub of national real estate activity, contributing 65.37% of total sales value (EC $142 million) and nearly half of all recorded transactions.

• The top two parishes — St. George and St. David — together account for 81.55% of national transaction value, underscoring the concentration of activity in the southern corridor.

• Villa and luxury segments continue to achieve the highest individual sale prices, with medians near EC $3.48 million, while agricultural lands remain accessible at medians around EC $100,000.

• March and July were the strongest performing months, each recording over EC $29 million in total property sales. Conversely, August recorded the lowest monthly sales value at approximately EC $15 million.

• Market liquidity remains strong, supported by mortgage lending and private capital. A notable share of cash purchases persists in high-end and villa segments, reflecting growing international and diaspora investor participation.

Parish Market Snapshot

St. George

St. George continues to lead by a wide margin, recording 242 transactions totaling EC $142  million. The parish remains the heart of Grenada’s commercial, residential, and tourism sectors. High-demand areas include Grand Anse, Lance Aux Épines, Fort Jeudy, Egmont, True Blue, and Calliste.The Grand Anse–True Blue corridor has seen continued activity from university-related rental investors, short-term rental operators, and commercial developments, while Lance Aux Épines, Fort Jeudy, Morne Rouge and Egmont maintain a stronghold on the luxury villa market.Given its dominance, buyers, investors and financing institutions should be mindful of price premiums and financing exposure; diversification into emerging parishes remains advisable.

St. David

St. David ranks second in national transaction share, benefiting from its proximity to St. George’s and emerging residential subdivisions. Land affordability and infrastructure and commercial expansion continue to attract both local homebuilders and returning Grenadians. Developers have initiated medium-density lot subdivisions targeting the EC $100,000–$300,000 price range, creating opportunities for mortgage growth in the mid-market owner-occupier segment.

St. Andrew

The island’s largest parish by land area, St. Andrew exhibits healthy land-sale activity with pricing below the national median. With improving road links and commercial expansion around Grenville, St. Andrew continues to be a regional residential hub.

Financial institutions can expect growing loan applications from first-time buyers, supported by the parish’s affordable land stock.

St. Patrick & St. Mark

Both northern parishes show moderate activity, primarily in agricultural and rural-residential categories. Some key locations in St. Patrick are gaining attention from diaspora buyers seeking long-term holdings or land for eventual development. The attraction is also based on the development of a large Citizenship by Investment development. Although current turnover is modest, these parishes represent low-risk, long-horizon investment zones where future appreciation is tied to infrastructure and tourism development.

St. John

St. John shows low to moderate activity and remains largely rural, dominated by family land transfers and small-scale agricultural parcels. Improved access and community development initiatives could unlock value in the coming years, particularly through low-cost housing and community projects.

Carriacou & Petite Martinique

Activity in the sister isles remains limited but resilient. Carriacou has seen moderate turnover in land and villa properties, with some renewed interest following tourism and hurricane recovery initiatives. Petite Martinique has very limited sales, which is not surprising as it is small in scale and more family engaged.

Trends and Observations – Insights for Buyers & Investors

• St. George Leads, but Diversification Offers Value

  With 65% of national sales value, St. George remains the island’s real estate nucleus. Grand Anse, Lance Aux Épines, Dusty Highway, Morne Rouge, True Blue, Egmont, Fort Jeudy continue to deliver some of the highest value transactions. However, this dominance also means price premiums are significant. Buyers and investors seeking affordability and upside potential should focus on also considering other locations, where infrastructure expansion and lower entry prices present strong opportunities for long-term appreciation.

• Residential Stability and End-User Demand

  The residential sector’s dominance (94% of transactions) highlights Grenada’s foundation as an owner-occupier–driven market. Mid-market lots priced EC $100K–$300K are the most liquid segment, ideal for both personal and speculative investment.

• Lifestyle and Coastal Investment Appeal

  The villa and high-end segment continue to perform strongly, achieving median prices around EC $3.48 million. Investor appetite remains robust among returning nationals, expatriates, and CBI-linked buyers seeking citizenship and diversification, short-term rental yields and lifestyle returns.While yields can be strong, buyers should perform comprehensive due diligence on these properties, development and market, as carrying expenses are higher than inland properties. Still, coastal locations are likely to retain premium values over the long term due to land scarcity and waterfront appeal.

• Agricultural and Land Investment Opportunities in Outer Parishes

  Transaction patterns show persistent activity in agricultural and rural lands, particularly in St. Andrew, St. Patrick, St. John and St. Mark, where entry prices remain below EC $150,000. Over time, infrastructural improvements in road networks and utility distribution could significantly enhance these assets’ resale potential.

• Diaspora and Returnee Influence

  Grenadians abroad continue to play a significant role in driving purchases, often focusing on family land acquisition, second homes, and rental investments. As infrastructure and investment opportunities expand, diaspora participation is expected to remain a key demand driver in both mid-market and premium segments.

  Investors in the diaspora should engage local advisory and property management partners  to ensure compliance and ongoing asset management and maintenance.

• Subdivision and Development Pipeline

  Land development activity has increased in areas, where developers are releasing phased lots with improved access roads and utility connections. These emerging subdivisions are drawing buyers, suggesting a healthy pipeline for construction and mortgage lending. For developers, maintaining pricing discipline and phased delivery is crucial to sustaining absorption and profitability in a competitive environment.

• Market Liquidity and Investor Confidence

  With 574 sales totaling EC $214 million, Grenada’s market demonstrates stable liquidity, reflecting demand from both financed and cash buyers. Median pricing stability underscores a sustainable growth cycle, offering confidence for buyers and developers seeking predictable returns.

Outlook for the Remainder of 2025

The outlook for Q4 2025 remains stable to moderately positive.

• Transaction volumes are projected to remain consistent with previous quarters, supported by mortgage lending, diaspora investment, and pending government infrastructure projects.

• Ongoing developments — including tourism projects, condominium builds, and residential subdivisions — will continue to stimulate surrounding property markets.

• Buyers and investors are encouraged to monitor parish-level performance and specific location, rental yields, and strategies and decisions of the government .

Note from Intel Advisory Services

Intel Advisory Services remains committed to providing independent, data-driven insights and strategic advisory services on Grenada’s real estate and investment markets. Our firm will continue to research, analyze, and publish reports on key market trends, valuations, and investment opportunities that shape the national property landscape.

Look out for more market analyses, development reports, and sector studies on our official website and in future editions of the Building Investing Grenada Magazine, as we continue to inform and empower decision-makers, investors, and property owners across the island and beyond.

Disclaimer

This report and the accompanying analysis were prepared by Intel Advisory Services. The data utilized in this report is based on available public and private real estate transaction records verified up to September 30th, 2025. While every effort has been made to ensure accuracy, Intel Advisory Services does not warrant or guarantee the completeness or absolute precision of the data. All figures, opinions, and interpretations are for informational and advisory purposes only and do not constitute financial, investment, or legal advice. Market values, medians, and transaction data are subject to change upon future updates, corrections, or additional verifications. Intel Advisory Services and its affiliates accept no liability for any loss, damage, or decision arising from the use of this information. Users are encouraged to seek independent legal, financial, or valuation advice before making property or investment decisions.