The Market
Why Grenada is One of the World's Premier STR Markets
Grenada — the Isle of Spice — is the Caribbean market with the most credible working-agriculture story: nutmeg, mace, cinnamon, and cocoa literally grown on estates across the island at the Grenada Chocolate Company, Belmont Estate, and the Gouyave nutmeg station. Grand Anse Beach's two-mile white-sand arc is the postcard; Silversands and Mount Cinnamon anchor the ultra-luxury tier; the south-coast villa corridor through Morne Rouge and Lance aux Épines holds the bulk of rentable inventory; Carriacou to the north is the quieter sister-island alternative (still rebuilding post-Hurricane Beryl 2024). St. George's University's medical school anchors a counter-seasonal visiting-family demand layer most operators underuse.
Grenada's STR market benefits from a traditionally below-the-hurricane-belt positioning that Beryl 2024 punctured to a degree but still supports shoulder-season rate discipline. VAT at 15% applies to accommodation, with Grenada Tourism Authority registration required. The Citizenship by Investment program has catalyzed luxury development at Silversands, Mount Cinnamon, Six Senses, and related projects. Foreign acquisition requires an Alien Landholding License. The underwater sculpture park at Molière (the world's first) and working spice-farm adjacency are genuine differentiation assets most villa marketing treats as footnotes.
Top Attractions & Landmarks
- Grand Anse Beach
- St. George’s Carenage
- Grand Etang National Park
- Belmont Estate
- Gouyave nutmeg station
- Molière Underwater Sculpture Park
- Fort Frederick
- Carriacou
Nearby Markets: St. Lucia | Barbados | Antigua