What is the latest update on the distressed property market in Grenada?

Q: What is the latest update on the distressed property market in Grenada?

A: There is a significant segment of the property market which can be considered distressed properties sale and listings. These properties are often listed for on the market by lenders or scheduled for public auction by lenders. Based on market data collected within the last 2 years distressed properties are sold from 15% to 25%, and even 50% lower than the initial list price.