Property Prices in Grenada

Index Info
Price to Income Ratio: 145.53
Mortgage as Percentage of Income: 1,353.60%
Loan Affordability Index: 0.07
Price to Rent Ratio - City Centre: 16.11
Price to Rent Ratio - Outside of Centre: 740.52
Gross Rental Yield (City Centre): 6.21%
Gross Rental Yield (Outside of Centre): 0.14%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,292.87 EC$ 999.42-1,761.86
Apartment (1 bedroom) Outside of Centre 851.74 EC$ 550.00-1,468.21
Apartment (3 bedrooms) in City Centre 3,124.57 EC$ 1,800.00-6,000.00
Apartment (3 bedrooms) Outside of Centre 1,572.98 EC$ 1,300.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 487.17 EC$ 278.71-695.64
Price per Square Feet to Buy Apartment Outside of Centre 12,934.08 EC$ 436.48-32,515.79
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,481.72 EC$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.00 4.00-8.00

These data are based on 49 entries in the past 18 months from 12 different contributors.
Last update: January 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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