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Property of the month: 5 reasons to buy this vast Grenada villa

Property of the month: 5 reasons to buy this vast Grenada villa

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Grenada's untapped luxury is primed for yacht owners

photo: Adobestock

It may be known for its spices, but Grenada’s deserted sugar sand beaches are just as tempting. Now, says Francesca Steele, the superyacht crowd is buying up its charms and L'Anse aux Epines is the ideal property...

The Spice Island, so called for its fragrant nutmeg and mace, has historically been less well developed than many of its Caribbean cousins. Vast swathes of the lush isle of Grenada remain covered in rainforest or undisturbed beach. Hotels and holiday homes are relatively few and far between, most of them nestling in the popular southwest corner, in or near the pretty little capital of St George’s and the best beaches, notably Grand Anse. As a result, property here is usually cheaper than elsewhere in the Caribbean.

Now Grenada’s luxury market may finally be ready to catch up, as tourism begins to take off. There was a 12.7 per cent increase in visitors last year, according to the Grenada Tourism Authority, helped by the opening of several highend hotels and by a programme offering eligible investors the opportunity to apply for full citizenship.

Buying a villa that comes as part of a resort is something of a trend. Laluna, a boutique hotel that opened in 2010, still has three of its seven villas for sale, priced from $3.9 million. The price includes a 12 metre berth at the Camper & Nicholsons marina. At the nearby Silver Sands resort, prices start at $5.5 million for a hillside villa. “Grenada has had potential for the past 20 years, and it’s finally being realised,” enthuses James Burdess, head of Savills’ Caribbean office. “Now that the resorts are coming to Grenada, the property buyers will too.”

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