Grenada: House Prices, Rents, and Rental Yields
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Last Updated: Dec 08, 2005
Yields are lowish in Grenada
| 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 | |||||
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.
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