Last Updated: Dec. 08, 2005
GRENADA - Houses	COST (US$)		YIELD (p.a.)	PRICE/SQ.M. (US$)
	TO BUY	MONTHLY RENT		TO BUY	MONTHLY RENT
100 sq. m.	375,000	1,500	4.80%	3,750	15.00
200 sq. m.	625,000	2,500	4.80%	3,125	12.50
300 sq. m.	893,000	3,500	4.70%	2,977	11.70
400 sq. m.	1,400.00	4,750	4.07%	3,500	11.90
500 sq. m.	1,997,000	5,000	3.00%	3,994	10.00
Source: Global Property Guide

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In general, yields are around 4.3% for properties in Grenada´s coastal areas, the center of the rental market.

An average 200 sq. m. house bought at around US$600,000 can be leased for approximately US$2,500 a month. This would generate an income of US$30,000, 4.8% of the property´s value.

Bigger properties produce lower yields.

Rents in the islands are predominantly seasonal but this figure is for long-term leases.