Why Choose Real Estate? Applicants in Grenada Chose Real Estate Over Donation in 2024

Real estate in Grenada is booming and this is what numbers show as the year comes to an end. Citizenship by investment programs is an innovative way to achieve one’s goals when it comes to migration. Thanks to them, applicants can become eligible for citizenship without extensive bureaucracy and never-ending red tape.

Virtually all programs are based on donation and real estate alternatives, and so is Grenada. Today we'll explore why choose real estate in Grenada, West Indies, can be a good idea, especially considering what people have been choosing in 2024.

Real estate in Grenada, West Indies, beats donation

It has been a special year for the Caribbean programs as many changes have been applied. In this complex landscape, real estate in Grenada continues to be one of the favorite choices. The program in and of itself has been a success generating revenue for nearly 124 million of which 46.6 million come from donation revenue, and 78 million from real estate in Grenada. This alone already marks a tendency.

Record of applications in July

2024 has been a successful year for Grenada when it comes to the number of processed applications. However, this does not necessarily mean an increase in the amount of applications but an improvement in processing efficiency. The citizenship unit also processed backlogs.

An interesting fact is that applications received increased by 191% in July and the reason is quite simple: applicants wanted to seize a window of opportunity before the program minimum increased.

After the MOA, the cost of citizenship by real estate in Grenada and the other four programs saw significant changes. Nonetheless, these changes were not applied at the same time. In Grenada, for example, the increase was postponed due to Hurricane Beryl.

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Real estate in Grenada, West Indies, is a popular choice

What we find most interesting from these statistics is the fact that 73% of approvals came from real estate in Grenada rather than donation, in quarter 3 of 2024. This certainly shows a trend in which the real estate option beats donation. This is not surprising if we consider the advantages of real estate and the advanced projects available on the island.

Why choose real estate

At the risk of sounding repetitive, we can't stress the importance of real estate enough. If you want a simple approach, donation is the best alternative because it doesn't require research, or profitability analysis and it saves you from having to deal with developers. The downside is that donation is not reimbursable a fact that needs no explanation as the term donation speaks for itself.

Why choose real estate? While more complex, real estate in Grenada or any other Caribbean country can provide rental income, capital gains, or a luxury property for you to enjoy. It seems that, for many, this is the best approach as we can see from the statistics in Grenada.

An option in between can be investment in government bonds which we can only find in Saint Lucia. Moreover, this year’s statistics showed that interest in bonds is increasing as it saw an improvement of 6%. All in all, real estate remains one of the best investments whether in the CBI context or not.

Disclaimer: this article is not based on formal market research, therefore, it should not be taken as financial, investment, or migration advice. Before investing in real estate or applying for CBI, consult with a certified professional.

Why choose real estate in Grenada, West Indies

Mundo is an online journal dedicated to financial freedom, nomad capitalism and related services. We connect our readers with the best CBI options out there, and real estate in Grenada is one of them.

Contact the Mundo team and find out about those tools that can help you achieve your goals. Besides CBI, you can ask us about bank accounts abroad, foreign companies, residency programs, international real estate, and investments. We'll be happy to receive your message.

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