Things you need to know while buying properties in Fiji- By: anish thakur
As the economy is changing constantly, more people are showing interest to invest in properties abroad. Now, buying or selling of properties has become easier with online portals sitting anywhere in the world. But, it is essential to make inspections before buying to avoid being cheated and avoid legal issues in the country.
It’s true that we all dream to live in a comfortable and spacious home. But it’s also important for everyone to be aware of harsh and pitfall reality before buying homes abroad. So If you are looking to buy properties abroad, then you must consider certain things before buying a property abroad like the perfect location where you can find hospitals, shops, and offices, and moreover, should know about the legal process and cost for buying such properties.
Similarly, if you are planning to buy a property or house in Fiji Islands, then you must be aware of the legal process and Fiji governments rule. Thus to make your dream true, contacting a Fiji real estate agency would help you to do so.
Fiji island is a collective group of islands that make Fiji an island nation. It compromises of 330 islands and 522 islets and covers the 1.3 million square kilometers of the south specific ocean. The two major islands are Viti Levu and Vanua Levu, whose locals account for 87% of the Fiji Islands population. It’s an ideal place for work, rest, and place. Fiji has beautiful landscapes, coral reefs and amazing nature across all of the islands.
Fiji is the only country in south specific which allows foreign ownership of land. There are three kinds of land in Fiji they are Fiji freehold land, native land, and crown lease land.
• Fiji freehold land: These lands can be bought and sold freely in most areas of Fiji.
• Fiji Native land: These lands can be leased but never be owned, and are monitored by TLTB (Taukei Land Trust Board)
• Fiji Crown land: These lands are owned by Fiji Government and can only be leased by the Fiji government.
Fiji Property Sales are self-governing and approximately 9% of the Fiji lands are freehold, that means they are available for purchase. The easiest way for foreigners to buy a property or land in Fiji is to become a permanent resident in Fiji, which means they just have to stay for six months in the country on a tourist visa to buy or own a property here. Moreover, they can also obtain a renewable 3- year permanent residency to own a property here. In addition to all this, foreigners must take the permission of Fiji Trade and Investment Board (FTIB) before owning a property in Fiji.
A property for sale in Fiji is always open to a foreign investor as the countries legislation allows them to buy almost any property in Fiji Islands. So if they have appropriate funds with them, they can even plan to buy an island in Fiji. By using online resources or by contacting a real estate agency in Fiji, they can enquire about such islands in Fiji.
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The author is a content writer and in this article he mentioned certain things about buying properties in Fiji.
More info : http://fijipropertysales.com/