Buying a real estate property in our own country might be an easy task but it is really tough purchasing properties from abroad. Buying properties become more difficult if you’re not familiar with real estate industry and laws of that country.
Still the lure of low prices, sightseeing, beach locations, and opportunities to higher return compel people to buy property abroad. But, it is essential to follow certain rules to be safe and avoid mistakes in buying properties abroad.
- Buying property without knowing the work permits and taxation rules of a particular nation.
- Buying properties without consulting real agents who know procedures and industry well.
So if you are looking for a gateway in South Pacific to buy properties or real estate, then you must surely look at Fiji Islands. Fiji Islands are collective group of islands that make up an island nation. It’s an archipelago of 333 picture perfect islands.
It would be best to consult a Fiji real estate agency, if you are planning to buy a house or property in Fiji Islands. As there are some restrictions for foreigners on buying certain properties and lands in Fiji.
There are three kinds of lands in Fiji they are Fiji freehold land (can be bought and sold freely in most areas of Fiji), Fiji native land (can be leased but never be owned), Fiji crown land (owned by Fiji government and can only be leased by them). Approximately 9% OF the lands in Fiji are freehold, thus are available for purchase. Foreigners even need to take permission from Fiji Trade and Investment Board (FTIB) before owning a property in Fiji.
Fiji property sales is done via a Torrens title land-registration system with the title guaranteed constitutionally by the state. The process of buying land is simple but slow, and it takes 3-6 months to finalize a property or land.
For further information regarding properties and land sales in Fiji contact to Fijipropertysales.com.