Buying Property in Grenada: Dynamic Realty, Bayside Realty & How to Find the Right Agent
Buying Property in Grenada: Dynamic Realty, Bayside Realty & How to Find the Right Agent
TL;DR: Grenada's property market is wide open to foreign buyers, but the right agent makes all the difference. Dynamic Realty (Paddock Road, St George's) and Bayside Realty (Richmond Hill, St George's) are two of the Spice Isle's most active local agencies right now. This guide profiles both, walks you through the buying process step by step, explains the Alien Landholding Licence, and covers the Citizenship by Investment route for international investors.
If you've been searching for Dynamic Realty Grenada online, you're not alone. Interest in Grenada real estate has surged, and buyers want to know exactly who the trusted local agents are. Two names keep coming up: Dynamic Realty and Bayside Realty. Both are based in St George's, both cover the whole island, and both bring a local-first approach that the big global investment platforms simply can't match.
This isn't a generic Caribbean property guide. It's a practical, Grenada-specific breakdown of the two agencies, the buying process, the costs you need to budget for, and why the Spice Isle remains one of the Caribbean's most compelling property markets heading into 2026.
Whether you're a Grenadian resident looking to invest locally, a diaspora buyer coming home, or an international investor eyeing Caribbean real estate, read this before you sign anything.
What Is Dynamic Realty Grenada and Who Is It For?
Dynamic Realty is a full-service real estate agency based at Paddock Road, St George's, led by broker-owner Chris Edwards. The agency covers residential sales, long-term and short-term rentals, commercial leasing, land parcels, and foreclosures across all six parishes, plus Carriacou and Petite Martinique. Current listings range from $39,500 land plots to $1.55 million luxury villas.
Dynamic Realty's tagline is "Built on Trust," and it's not just marketing language. The agency describes its philosophy as one where trust builds loyalty, loyalty generates referrals, and referrals drive the business long-term. In a small island market where word of mouth travels fast, that's the right way to think.
Broker Chris Edwards handles everything from initial property searches to offer negotiation, conveyancing coordination, and post-sale follow-up. Client feedback consistently praises his transparency and responsiveness. One seller noted that Chris took on three properties that had attracted little interest and sold all three above asking price.
The agency's portfolio is genuinely broad. You'll find affordable apartments for St George's University students, mid-range family homes in the southern parishes, and high-end waterfront villas in Grand Anse and Lance aux Epines. If you're looking for a Grenada property and you haven't started with Dynamic Realty, it's worth a call.
Who Is Bayside Realty and What Makes Her Different?
Bayside Realty Grenada is led by Kayla Matthew, who began her real estate career in 2016 and has since become one of the youngest real estate brokers operating on the island. Based at Richmond Hill, St George's, the agency covers sales, rentals, and property management across Grenada, Carriacou, and Petite Martinique, with a particular focus on innovative marketing and the Citizenship by Investment (CBI) space.
Kayla's background in customer service shapes how Bayside Realty operates. The agency leans into digital marketing tools and professional photography to give listings maximum online visibility, an approach that matters in a market where international buyers first browse from thousands of miles away.
The CBI specialisation is a key differentiator. Many buyers entering Grenada through the investment programme need an agent who understands both the property side and the citizenship process. Kayla has carved out expertise in exactly that space, making Bayside a natural first stop for investors pursuing Grenada's golden passport alongside their property search.
The agency's listings include residential properties at various price points, with one current example on the site at US$95,000 for a Mt Hartman property. That kind of mid-market inventory reflects Grenada's full range, not just the luxury end.
How Does Buying Property in Grenada Actually Work?
The process has six main stages: agree on a property, sign a sale agreement, pay a 10% deposit, apply for the Alien Landholding Licence (if you're a non-national), complete due diligence, and proceed to final conveyance. The whole process typically takes three to six months from offer to completion.
Here's how each stage works in practice.
Step 1: Find your property. Your agent identifies options, arranges viewings, and advises on current market value. The southern parishes, particularly St George's and St David, account for the majority of transactions, per Copal Real Estate's 2026 market analysis. Grand Anse, True Blue, and Lance aux Epines continue to attract both investors and homeowners.
Step 2: Make an offer and sign a sale agreement. Once price is agreed, the seller's attorney prepares the agreement. Altman Real Estate's buyer guide notes that a 10% non-refundable deposit is then paid and held in escrow by the seller's attorney. The deposit is refundable only if the Alien Landholding Licence is denied or if clear title cannot be proven.
Step 3: Engage your own attorney. Grenadian law requires a deed of sale to be prepared and executed by an attorney. Both buyer and seller need separate legal representation. Your lawyer conducts a title search, reviews the sale agreement, and manages the conveyancing from start to finish.
Step 4: Apply for the Alien Landholding Licence (non-nationals only; more on this below).
Step 5: Complete due diligence. Your attorney checks for encumbrances, surveys the land boundaries, and confirms clear title.
Step 6: Final completion. The deed of conveyance is registered at the Deeds and Land Registry. You're the legal owner.
One practical tip: when transferring funds from overseas, always include the "source of funds" reference for the receiving Grenada bank. Missing this step can cause unexpected delays at the completion stage.
What Is the Alien Landholding Licence and What Does It Cost?
The Alien Landholding Licence (ALHL) is a government-issued permit that allows non-nationals to own property in Grenada. The licence fee is 10% of the property's agreed purchase price, paid directly to the Government of Grenada once the licence is granted. The application typically takes three to six months to process.
To apply, your attorney submits on your behalf. You'll need to provide a police certificate of good character and two character references, according to Altman Real Estate's published buyer guide. The ALHL process runs alongside conveyancing to avoid delays.
This 10% cost is the single biggest expense for foreign buyers, and it surprises many first-timers. Budget carefully. Here's a full breakdown of costs you should expect:
- Alien Landholding Licence: 10% of purchase price (non-nationals only)
- Stamp duty on conveyance: 1% of purchase price (buyer)
- Legal fees: 1% to 2% of purchase price, plus applicable VAT
- Property transfer tax: Paid by the seller; 5% if the seller is a Grenadian citizen, 15% if the seller is a non-national
The Grenada Inland Revenue Division confirms that property transfer tax applies on value exceeding EC$20,000 (roughly US$7,400). Annual property tax for residential properties is 0.30% of the government's assessed value, a modest ongoing cost.
One important nuance: Grenada has no capital gains tax. There's no inheritance tax on worldwide assets either. Point at Petite Calivigny's buyer guide notes these advantages outweigh the upfront ALHL cost for most long-term investors.
What About Grenada's Citizenship by Investment Programme?
Grenada's CBI programme lets qualifying foreign investors obtain Grenadian citizenship through real estate investment. The minimum investment is US$270,000 in a government-approved project (or US$350,000 for a sole single-unit purchase). Buyers must hold the property for five years. Critically, CBI buyers are exempt from the Alien Landholding Licence, saving them 10% on the purchase price.
The programme has a lot going for it. As of 1 July 2024, the Government of Grenada raised the minimum qualifying share investment from US$220,000 to US$270,000. The full-unit threshold of US$350,000 and the mandatory five-year holding period remain unchanged.
A Grenada passport offers visa-free or visa-on-arrival access to over 140 countries, including the UK, the Schengen Area, China, and Singapore. Grenada's CBI programme is also the only Caribbean programme with an E-2 Investor Visa treaty with the United States, making it uniquely valuable for US-focused investors. Note that US immigration law now requires CBI citizens to have been domiciled in Grenada for at least three years before applying for the E-2 visa.
Immigrant Invest data shows that rental yields on approved CBI properties average around 4% annually, with the option to resell after five years, often with capital appreciation built in.
If you're pursuing the CBI route, you'll need a licensed agent who understands both sides of the transaction. Bayside Realty's CBI specialism makes it a strong candidate for that conversation.
How Do You Choose the Right Real Estate Agent in Grenada?
Not all agents are created equal, and Grenada's market is small enough that reputation matters enormously.
Start by confirming that your agent is a licensed broker. Check that they have a track record of completed transactions, not just listings. Ask for client references, specifically from buyers who purchased similar properties to what you're looking for.
Local market knowledge is non-negotiable. An agent who knows the difference between a Grand Anse address and a Lance aux Epines address, who understands which hillsides flood and which don't, who can advise on rental yields by neighbourhood, that expertise is worth its weight.
You should also confirm that your agent can refer you to a qualified Grenadian attorney. Forrester Legal Chambers notes that the buyer and seller should always retain separate legal representation. An agent who pushes you to use the seller's attorney is a red flag.
Browse the full Real Estate category on GrenadaSearch to compare active agencies across the Spice Isle. Dynamic Realty and Bayside Realty both appear there, along with established names like RE/MAX 1st Choice Grenada and Century 21 Grenada Grenadines Real Estate.
Is your agency listed? If you operate a real estate business in Grenada, add your listing to GrenadaSearch and put your services in front of thousands of buyers actively researching property on the Spice Isle every month.
Is Now a Good Time to Buy in the Spice Isle?
The short answer is yes, and the data supports it.
Grenada's Ministry of Finance projects real GDP growth of 6.2% in 2025, driven largely by construction, public investment, and private sector activity. Tourism broke records in 2024, with total arrivals increasing by around 17% year-on-year, according to reporting from the Grenada Tourism Authority.
Copal Real Estate's 2026 market analysis shows that residential properties account for approximately 94% of all transactions. The southern corridor of St George's and St David continues to dominate, but demand is spreading. Residential property values have shown moderate long-term growth of 3 to 5% per year, supported by tourism and CBI-linked development.
Grenada's location also works in its favour. Sitting at the southern edge of the hurricane belt, the Spice Isle historically sees fewer direct hurricane impacts than many northern Caribbean islands. That geographical advantage supports year-round tourism and more stable rental markets, which matters for investors planning to generate income from their property.
What's different about June? International buyers plan year-round. Many are now positioning themselves so that by the time the peak dry season arrives between December and April, they're already in contract or completing. If you want to be ready to view properties during peak viewing season, the research and agent selection process starts now.
Conclusion
Grenada's property market rewards buyers who come prepared. You now know the two agencies at the forefront of local searches: Dynamic Realty on Paddock Road, with its broad portfolio and trust-first approach led by Chris Edwards; and Bayside Realty Grenada on Richmond Hill, with Kayla Matthew's CBI expertise and innovative marketing.
You also know the numbers: the Alien Landholding Licence costs 10% of purchase price, stamp duty runs 1%, legal fees add another 1 to 2%, and the whole process takes three to six months. Budget for all of it, engage a qualified Grenadian attorney early, and work with a licensed agent who genuinely knows the local market.
Three takeaways to leave with:
- The ALHL is the biggest upfront cost for foreign buyers; factor it into your budget from day one.
- The CBI route at US$270,000 waives the ALHL and comes with a Grenada passport and access to 140-plus countries.
- Local agents know what the global platforms don't: the specific neighbourhoods, the flood risk, the rental yield realities.
Ready to explore what's available? Browse all active property businesses on the Saint George's parish directory and connect with an agent who knows every corner of the Spice Isle.
Frequently Asked Questions
Can foreigners buy property in Grenada? Yes. Foreign nationals can purchase property in Grenada with full freehold ownership rights. The main requirement is obtaining an Alien Landholding Licence from the Government of Grenada. The licence costs 10% of the property's purchase price and takes three to six months to process. Buyers going through the Citizenship by Investment programme are exempt from this requirement.
How much does the Alien Landholding Licence cost in Grenada? The Alien Landholding Licence fee is 10% of the agreed purchase price, paid directly to the Government of Grenada once the licence is granted. On a US$300,000 property, that's US$30,000. You'll also need to budget separately for stamp duty (1%), legal fees (1 to 2%), and, if the seller is a non-national, a 15% property transfer tax on their side of the transaction.
What is Grenada's Citizenship by Investment minimum investment for real estate? As of 1 July 2024, the minimum qualifying share investment in an approved real estate project is US$270,000. A sole single-unit purchase requires a minimum of US$350,000. Investors must hold the property for five years before it can be resold. CBI buyers are exempt from the Alien Landholding Licence and from many standard property taxes.
Who is Dynamic Realty Grenada? Dynamic Realty is a full-service real estate agency based at Paddock Road, St George's, led by broker-owner Chris Edwards. The agency operates under the tagline "Built on Trust" and serves buyers, sellers, and renters across all parishes of Grenada, as well as Carriacou and Petite Martinique. The current portfolio spans land parcels starting around US$39,500 through to luxury villas at US$1.55 million.
What is Bayside Realty Grenada? Bayside Realty Grenada is led by Kayla Matthew, one of the youngest licensed real estate brokers on the island. Founded after she began her real estate career in 2016, the agency is based at Richmond Hill, St George's, and serves buyers, sellers, and renters across Grenada, Carriacou, and Petite Martinique. Bayside specialises in digital-forward property marketing and has developed particular expertise in the Citizenship by Investment segment of the market.