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Purchaser
| Alien Landholding Licence Fee: | 10% for non-residents (only) |
| Legal Fees: | 2% of the purchase price, approximately |
| Stamp Duty: | approximately 1% of the purchase price |
| Land surveyor’s fee: | usually 0.5% of the value of the land |
| Out-of-pocket expenses: | approximately US$500 |
| VAT: | 15% on Legal Fees & Agent’s Commiss |
Seller
| Property Transfer tax: | 5% of the market value for nationals and members of the OECS |
| 15% of the market value for non-nationals |
(The government of Grenada allows an exemption of the first EC$20,000 on property.)
| Legal Fees: | approximately 2% of the purchase price + 15% VAT |
| Real estate commission: | normally 5% of the purchase price + 15% VAT |
| Out-of-pocket expenses: | approximately EC$500 |
Yes, the average cost for this is 2% of the agreed purchase price of the property/land that you are purchasing.
We are happy to recommend reputable local lawyers.
Approximately 3-6 months.
The landlords in the case of a rental and the vendors in the case of a sale.