The real estate industry of Fiji was infested with corruption and slackening due to political turmoil. After returning to democracy, Fiji’s real estate industry has witnessed growths and more investments from foreign countries. Fijian government has passed a new law barring foreigners
Fiji, an island country in Southern Pacific Ocean, is witnessing higher growth in real estate industry. People of this country are found to be happiest on Earth according to a 2011 survey. The country has virgin tropical forests, pristine water sceneries, adventure sites, white sand beaches, and highly friendly locals. All these things are attracting lots of foreigners to relocate and investments in real estate industry.
Interestingly, purchasing a property in Fiji is still cheap and easy in comparison to other countries. Finding of sea view houses, beach-front houses, luxurious homes, and other properties easily. It is essential to find a local real estate agent to help in finding desired properties in this country. But, before jumping to buy properties in Fiji, it is essential to keep certain things in mind. Several changes have come in buying properties in Fiji or making investments. Here are the key facts that you need to know about Fiji real estate industry.
New Guidelines of Buying Properties
The real estate industry of Fiji was infested with corruption and slackening due to political turmoil. After returning to democracy, Fiji’s real estate industry has witnessed growths and more investments from foreign countries. Fijian government has passed a new law barring foreigners from buying properties in cities areas. But, real estate properties are open for sale in rural areas for foreigners. It is essential to seek permission from the ministry of Land while buying lands in Fiji. Find property for sales in Fiji hiring a local agent to avoid legal hassles later. It is legally binding for buyers to hire an authorized real estate agency to help in finding properties in Fiji. Otherwise, legal problems will arise and investments won’t be accepted.
Fiji Real Estate Industry Growth
After the end of political turmoil, Fiji has become a favorite destination for making investments and tourists to visit. The real estate industry of Fiji continues to grow at a rapid pace and produce investment opportunities for foreigners. Over the few years, Fiji has witnessed a 100% growth and expected to grow even faster in the coming year. Foreigners get bitten by beautiful Fiji sceneries and want to relocate building a home. Fiji real estate is the best place to find a suitable land for building a beautiful home. It is essential to select lands with basic necessities, weather conditions, and connectivity. Freehold land is the best option for foreigners to buy and use according to requirement. But, there is only 8% of total lands that come under this category for the foreigners.
Tips to Find Suitable Properties in Fiji
Fiji has 333 islands but mostly unsuitable for human habitation. The habitable islands are still sparsely populated and offer an amazing place for relocations to foreigners. Haven buyers need to remember the new guidelines for buying lands or properties in Fiji. This is why Fiji property sales are being used in buying desired properties in this country by foreigners. Finding a top quality property in Fiji is easier with local real estate agents. It is legally binding and useful for haven buyers to find top quality properties quickly. Contact our real estate expert to find suited properties in Fiji at affordable prices.
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Why Buy Properties in Fiji Islands?
Additionally, the country has a low crime rate due to peace-loving citizens of the country. Settling in Fiji permanently is certainly a good idea for foreigners to have a quality life away from cities.
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