Island Information
Welcome!

We are happy  to welcome you to our Island Grenada, also known as “The Isle of Spice”.  The  tri-Island state is located 100 miles north of Venezuela and is made up of Grenada, Carriacou and Petite Martinque.  Grenada is the largest of the three and occupies 133 square miles. The population is approximately 108,000 people altogether.

The following is some vital information on our Island

Capital:  St. George’s

Language:  English (official), French patois

Climate:  The average temperature ranges from 24 degrees C (75 degrees F) to 30 degrees C (87 degrees F).  The dry season is  January to May and the rainy season is June to December.

Religions:  Roman Catholic 53%, Anglican 14%, other 33%

Credit cards:  Major cards are accepted by most hotels, car rental companies, restaurants and shops

Currency:  Eastern Caribbean dollar is linked to the US dollar at approximately $2.7169 EC to $1 US.

Electricity:  Voltage is 220 volts – 50 cycles. Appliances rated at 110 volts will work with a transformer and adapter plug. Dual voltage shaver units are provided at most  hotels.

Government:

 The state remains within the British Commonwealth as an independent nation and the Governor General represents her Majesty the Queen. There is a 13-member Senate and a House of Representatives with a Speaker and 15 members, each representing a constituency.

Airlines: 

BA, Virgin, American Eagle, Air Jamaica, Excel and Condor.  American Airlines is sheduled to commence service in November 2008.

Our Office Location
 

Purchaser’s Expenses:

The expenses incurred by a purchaser will be as follows:

Alien’s Landholding License Fee payable as property transfer tax is 10% of the purchase price after exemption of EC$20,000.00 for non-residents (only)

Legal Scale Fees is 2% of the purchase price, plus 5% Government Consumption Tax

There is a charge for processing of the Aliens License Application

Stamp Duty charge is 1% of the purchase price  

Land surveyor’s fee is usually 0.5% of the value of the land

Miscellaneous expenses and disbursements such as Copies, FedEx, Telephone calls/ faxes varies


Vendor’s Expenses:

The expenses incurred by a Vendor will be as follows:

Property Transfer tax: 5% of the market value for nationals and members of the OECS and 15% of the market value for non-national.
(The Government of Grenada allows an exemption of the first EC$20,000 on property).      

Legal Scale Fees is 1% of the purchase price plus 5% Government Consumption Tax

Miscellaneous expenses and disbursements such as copies, telephone calls/faxes etc varies.

 
Copyright 2008 © FAS Realtors Login
Designed, developed and powered by ModOne Web Solutions