Thursday, July 7, 2016

Key Facts About Fiji Real Estate Industry

Planning to buy a property in Fiji? If it is so, it is essential to know the key facts of Fiji and the real estate industry. Fiji is a beautiful country with an archipelago of 333 islands though mostly not habitable. But, it is a sparsely populated country and attracting the foreigners to settle there. Building a home in Fiji is an ideal choice but need to be taken after contemplation. Check out the property for sale in Fiji to get the list of real estate properties according to your requirement. Before jumping to buy the property, here are the key guidelines the foreign buyers need to follow.

Returning of democracy has revitalized the country’s real estate industry. The growth of the Fiji real estate industry is manifolds over the few years. This is why the industry is creating attractive investment opportunities with higher return. Before investing, hire a Fiji real estate agency to get help in finding the property to make investment. It is legally binding for the foreigners to hire a government compliant agency to avoid legal issues while buying properties. Owning properties in the cities is banned for the haven buyers in Fiji. This act come into effect after setting the new land Sales act of the Fiji parliament to prevent selling the land to foreigners. But, there are several places that can be bought to develop into tourist places immediately.

Building a home require a right plot of land with suitable connectivity. There are three types of land for sales in Fiji: crown, native trust and freehold land. The first two categories of land can be bought on the lease for 100 years in the country. But, freehold land is the most suitable option as it can be use and resell at will after buying. It is essential to seek permission from the Ministry of Land Fiji while buying more than half an acre land. The Fiji land sales is the right place to find the desired land. It is essential to make sure that there is no caveat, mortgage, and legal issues are attached with the property. Contact our Fijipropertysales to get information on properties and help in buying quickly. 

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