• Latest

Redefining Real Estate Development

8 years ago
Grenada will not attend first OECS Parliament session

OECS and African Union partner to overcome vaccine challenges!

7 hours ago
Grenada honey one step closer to being legally sold on Trinidad market

Government meets with unions representing public workers

19 hours ago
Claims of coronavirus at SGU designed to create fear and panic

Covid-19 update: Grenada Dashboard 16 April

19 hours ago
Mia Mottley’s profile in courage on anti-discrimination

Grenadian PhD candidate sets sights on environment and climate justice

24 hours ago
Entertainers fully vaxxed and ready to perform at Sandals Grenada

Entertainers fully vaxxed and ready to perform at Sandals Grenada

1 day ago
Senator identifies finance as major shortcoming for sectors he represents

St Clair: MNIB resuming exporting of produce is good news 

1 day ago
Working together for growth & development

Working together for growth & development

1 day ago
Government says “no physical altercation” between journalist and junior minister

Collaborate with NaDMA for Covid-19 compliant relief effort

2 days ago
Securing Economic Integration: The importance of intraregional trade

Guidance for processing incoming persons from St Vincent

2 days ago
Ridge to Reef and MNIB launch Pest Management Project

MNIB resumes exporting; Increased inquiries from Barbados

2 days ago
Environmentalists unconvinced over Levera no-encroachment claim

Levera Project holding community consultations

2 days ago
SGU and Government of Grenada establish diagnostic testing facilities

SGU reopening; mandatory vaccination for all on campus

2 days ago
NOW Grenada

Main Header Ad 468x60

booked.net
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us
No Result
View All Result
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us
No Result
View All Result
NOW Grenada
No Result
View All Result

Article Header

Redefining Real Estate Development

This story was posted 8 years ago
28 May 2013
in Business
1 min. read
Port of St George’s, Grenada
Share

A recent Real Estate Report published by ISLA Advisory & Consulting states that Grenada’s real estate market is virtually stagnant. The report, which is published quarterly and provides a detailed analysis of Grenada’s monthly real estate transactions for the entire island, points to three strong trends in the market. Firstly, monthly transactions remain very limited; Secondly, the transactions that are occurring are at the lowest dollar values and involve vacant land; And thirdly, transactions are beginning to include an increasing number of sales that are a result of foreclosure/Power of Sale. The report provides further insights by breaking down the transaction data by parish, property type, dollar value, etc.

Managing Director of ISLA Consulting & Advisory, Craig Keller says “The report indicates clearly that the market is in a severe situation. This appears to be a combination of market forces and the lack of supportive policies”

In this regard Keller is looking for Grenada’s new development initiatives to stimulate real estate development and stabilize the local market. Keller says that there is tremendous potential for several of the policy initiatives announced by the Government, such as the Citizenship by Investment Program and the removal of the requirement for an Alien Landholding License for CARIOM Nationals, to return some vibrancy to the real estate market. He cautions that without decisive policy modification or intervention, the market will continue to exert downward pressure on prices and severely hamper chances for significant development.

NOW Grenada is not responsible for the opinions, statements or media content presented by contributors. In case of abuse, click here to report.

Tags: economyestateforecloseinvestmentislalandrealreposess
Next Post
No Holiday for Carriacou Carnival

Government Boasts Of Delivery In 100 Days

Comment on story Cancel reply

Please enter your valid email address.
Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Home Sidebar NP 300x250

© NOW Grenada. All Rights Reserved. Published by Aqua Design Inc. | Terms of Use | Privacy Policy

No Result
View All Result
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us

Copyright NOW Grenada

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings. Visit our Privacy Policy | Terms of Use.

NOW Grenada
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Visit our Privacy Policy | Terms of Use.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.