One of the smallest countries in the western hemisphere, Grenada is well known for its spice exports, particularly nutmeg, and its tourism industry, a sector that has rebounded as the island opened up after the pandemic. 

The island introduced a digital nomad visa in October 2021, allowing workers to live and work from the island for a year. These remote workers will only provide a boost to the already strong local rental market.

The sales market has also performed well over the past three years. Driven primarily by domestic buyers, there is some international demand. Prices on the island have been stable and are forecast to remain so through the coming year. International buyers are predominantly British, either self-employed or retired. The residential market on the island is largely a vacation or retirement location for non-Grenadines, looking for a more tranquil experience at their second homes. 

The supply of residential property on Grenada is highly limited, both by the land constraints and the limited development over recent years. Nonetheless, there is a strong pipeline of projects, including schemes such as the Six Senses Residences by Range Developments in La Sagesse which is projected to open in the first quarter of 2023, also the first island resort for the brand in the Americas. Less developed than the south, developments on the north side will aim to provide luxury accommodation in a more remote part of the island.