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  • Understanding the need for Title and other ownership documents;

  • Demonstrating the maintenance procedures necessary to enhance the value of the house;

  • Highlighting the importance of Property Valuation.

Growth of Housing in Grenada

The Housing Sector in Grenada has made significant progress. There is evidence on the ground to indicate that the rate of home ownership has been increasing.

In recent years the government has purchased estates at Dunferbline, Bousejour, Corinth, Palmiste, St. Marks, Plains, Grand Anse and made available lands in Carriacou. The aim is to facilitate the construction of low-income houses for its citizens.

Some private developers have also been engaged in subdividing their lands for sale to interested persons for building homes.

There is also programmes,

physical funded

evidence of

by

credit

housing construction

unions,

insurance

companies

and

commercial

banks. Some

lending

institutions

have

purchased

lands with the

aim of

subdividing and selling to their members or customers to build their homes.

Public policy measures have also been taken to facilitate growth of the housing sector. In 1996 Government made adjustments to the Income Tax Regime including raising the ceiling on taxable income from a minimum of EC$10,000 to EC$60,000 and applying a thirty (30) per

8

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