Property Prices in Grenada

Index Info
Price to Income Ratio: 112.46
Mortgage as Percentage of Income: 1,026.11%
Loan Affordability Index: 0.10
Price to Rent Ratio - City Centre: 7.87
Price to Rent Ratio - Outside of Centre: 421.42
Gross Rental Yield (City Centre): 12.70%
Gross Rental Yield (Outside of Centre): 0.24%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,637.45 EC$ 1,200.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,061.29 EC$ 750.00-1,890.00
Apartment (3 bedrooms) in City Centre 3,443.87 EC$ 2,000.00-8,100.00
Apartment (3 bedrooms) Outside of Centre 2,102.58 EC$ 1,200.00-4,050.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 281.07 EC$ 100.00-464.51
Price per Square Feet to Buy Apartment Outside of Centre 9,476.03 EC$ 185.80-27,870.68
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,334.77 EC$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.75 5.00-8.00

These data are based on 50 entries from 9 contributors over the past 18 months.
Last update: April 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References
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