Grenada
Real Estate News

32,056 rooms in 190 projects Under Contract in the Caribbean/Mexico region. The total represents a 14.3% increase in rooms Under Contract compared with October 2015.

According to STR's July 2016 Pipeline Report shows 28,417 rooms in 174 projects Under Contract in the Caribbean/Mexico region. The total represents a 2.4% decrease in rooms Under Contract compared with June 2015.

Based on STR's May 2016 Pipeline Report, over 28,368 rooms in 178 projects Under Contract in the Caribbean/Mexico region.

Recent record-breaking growth in tourism, combined with new and on-going government incentives and investments in airports, highways and marinas, has contributed to an increase in luxury real estate sales

According to analysis of inquiries conducted by Caribbean luxury property specialist 7th Heaven Properties, demand for Caribbean real estate has doubled during the first six months of 2015 compared to the same period last year.

The Caribbean and Mexico hotel development pipeline comprises 167 hotels totaling 28,140 rooms.

Egyptian billionaire Naguib Sawiris is planning to build three five-star hotels in the island country of Grenada.

The Caribbean has been voted the top vacation destination this summer by British Airways customers. Beating sunny contenders such as South Africa and perennially popular Florida, the Caribbean emerged as the clear winner with British holidaymakers - not wholly surprising considering that June was the wettest British month since records began.

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