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Grenada Real Estate Russian Buyers. Case Study.
February 01, 2023

Hi Everyone,

Grenada Real Estate Russian Buyers. Case Study.

This time let's have a look at a smaller country in which affluent Russian buyers take growing interest. Grenada is a Caribbean Island state with a population of about 100k living off tourism, spice agriculture and (sic!) foreign investors.

The Grenada citizenship-for-investment program had been established and worked fine since the end of the last century. The passport of Grenada brings lots of perks to its holder including traveling almost the whole world without visas and a rather easy way to start a business in the US, live and work there.

From New York Post: "Earlier in the year of 2022, Grenada had banned Russians from applying for citizenship. The move was made along with several other Caribbean nations in March, as many Russians were looking to avoid sanctions and the ongoing conflict of the war.

"But Grenada lifted the ban in June. Since Grenada’s reversal of the ban, applications for the country’s investor visas have nearly quadrupled. (Sic!)

"A sole applicant can make a minimum investment of $150,000 to receive a Grenada passport, or buy a government-approved real estate property worth at least $350,000."

There are a dozen of Grenada investment projects listed on one of the most popular Russian real estate portals for international properties for sale. All of them (apartments, villas and partnerships in hotels) are marked 'citizenship approved investment'. The government of Grenada must actually pre-approve properties to sell them to foreign investors based on the government's rules and policies.

Now, you may say that a dozen properties listed is not too many? But it's just a moment's picture of only one website, and given the size of the country? Let's see - at the same time on the same portal there are under two thousand properties for sale from the US, which makes a small country Grenada's real estate market 20 times more powerful in Russia than a big country United States' market right now (of course, it's an approximate quick evaluation).

Thus, how about your country's rules and policies towards Russian real estate investors? Need help with the research? Feel free to email me.

To your best business success,


Olga Kellen,
"Anything Russian",
English - Russian Translator,
Associate member of ATA,
Author of the e-books for realtors and property sellers
Selling to Russians

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