Do you want to buy real estate properties from an island? If yes, Fiji may be an ideal destination for you. It is a perfect destination for people looking serenity, isolation, and live by natural sceneries. It is an archipelago of 333 islands and situated in the Southern Pacific Ocean. Although it is a paradise for the nature lover, you need to know the important things before jumping to buy properties. Otherwise, it will cause legal dispute and other problems after the completion of the transaction.
Facts about Fiji Real Estate Industry
The real estate industry of Fiji has grown rapidly after returning of democracy in the country. It is mandatory to get a work visa or temporary residence visa to be eligible to buy properties. The Fijian parliament has changed the Land Sales Act in 2014 prohibiting foreigners from buying lands from the city areas. But, you can buy properties from remote or tourist places. Fiji real estate is offering investment opportunities up to 49% but needs to be locally owned. It is mandatory to follow the guidelines set by the Fijian parliament to avoid legal dispute quickly. It is a significant step towards a fair and corruption free real estate industry quickly.
How to Buy Real Estate Property?
Buying a property in Fiji is still cheap and straightforward for buyers. But it is essential to follow the guidelines said by the Fijian parliament to avoid legal issues later. Building a house on the bought land is still cheaper than the purchase of manufactured home. Freehold land is the best option if you’re looking for an ideal land plot to build your dream home. Hire an authorised Fiji real estate agency to buy properties in the country. It is mandatory to hire a company to get guidance on buying the best properties in the country. Hiring the expert, you will get the ideal property as per your requirement and budget. Otherwise, it will be a waste of hard earned money. Contact our real estate experts to get guidance on buying an ideal property in Fiji quickly.