Looking for a luxury residence in a green peaceful piece of paradise? Done! Such properties are barely waiting for their customers in the island of Fiji. If you are interested in buying a beachfront home in specific parts of the world, you probably know already how expensive they are. Things change if you run across Fiji though. Luckily, the local government is open to investments. In fact, government officials are actually encouraging foreigners to invest in the growing market. It makes no difference where you come from. As if all these were not enough, local banks also lend to overseas buyers, while the rates are quite competitive. Therefore, you no longer need to beg your local banks. But then, just like for any other major investment, this one requires a little attention as well. So, what should you know when interested in Fiji’s real estate?
Match your needs to the available properties
In order to do it by the book, you have to know what you want first. It is pointless to find land for sale in Fiji if you have no clue what you truly want. Sure, it sounds simple at a first glance – you want a luxury and relaxing property. However, your necessities should be analyzed in smaller details. For example, figure how much money you might need to spend. It is not worth falling in love with properties that you cannot afford. Figure your necessities, as well as your financial goals. These will become your main criteria when deciding on the most suitable solution. Make a list with things that you just cannot live without, as well as a list with things that might be cool to have.
Second, you need to know what you are actually buying. Finding land for sale is not hard, but you want to make sure that you buy the right thing. Many investors tend to take freehold land for granted. This rule does not apply all across the world though. You are not always owning the property forever. For example, only a small percentage of your property in Fiji might hold the freehold title. The rest of it will go into two different categories – native lease or crown lease. None of these options can be owned outright then, so you might end up with a lease over a particular number of years – usually up to 99 years.
On the other hand, there is also the possibility to get 100% freehold land. These options are obviously most appealing, since they add to your assets and can be left behind to your children.