Investors go hot for Grenada

Lovers of the exclusive and the exotic can’t resist Granada, known as the Spice Island.

How nice to meet a developer who calls a spade a spade. “When is it going to be finished?” I ask Mark Scott, head of sales at De Savary, the company behind Port Louis Marina (portlouisgrenada.com), a spectacular development in St George’s, the capital of Grenada and one of the unsung jewels of the Caribbean. He closes his eyes and does his sums.

“About seven years after the end of the recession.”

Optimism tends to be tinged with caution in Grenada, an island at the southern end of the Grenadines. In 1983 Ronald Reagan ordered American troops to prevent a Marxist coup and, although tourists started to trickle in over the next two decades, Hurricane Ivan hit in 2004 and the country had to start again. Developers got excited about its potential but now the crystal ball for Grenada is as murky as it is everywhere else.

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The Telegraph, UK
http://www.telegraph.co.uk/