Fiji's real estate market is booming: apartments are booming

Fiji Islands , one of the most beautiful and pristine places in the world. Located in the heart of the Pacific Ocean, there are about 333 tropical islands, all luxurious and with beautiful beaches. A territory appreciated both for its undisputed beauty but also for its welcoming and hospitable culture. The white beaches and the crystal clear sea, attract every year millions of tourists, eager to venture into the wildest places of the archipelago or simply to relax in front of a unique landscape. The tropical climate and the few documents needed to access this paradise, have, over the years, encouraged investors to buy a property in Fiji.


But, according to statistics, in recent years, there has been a real boom in the real estate market.  The reasonable price of real estate has influenced the interest in this land, even bringing about a high return on rents, despite the blockade imposed by the government. The origin of the foreign capital invested is difficult to identify but, of course, has created a 'positive wave in every economic sector, thus raising the national GDP. Employees in the construction and real estate sector are registering significant revenues both for the number of investors interested in buying an apartment, and for companies and companies wishing to settle in this territory. If before then tourism was the driving force of Fiji's economy, now the real estate sector has become the driving force. Among the elements that have favored real estate investments, it is undoubtedly worth mentioning the reduction of land and construction costs. A really good incentive for investors. In addition, financial institutions are accepting securities that were previously blocked, resulting in a possible resale of the property even easier. 

That is not all. New projects are in the pipeline, especially in the capital, dedicated to building innovation without neglecting the green aspect. In fact, there are many investors (both private and corporate) eager to create properties for tourism and residential buildings with zero emissions, as well as smart. A situation undoubtedly better than in previous years, where Fiji have gone through a period of serious crisis so as to bring many potential buyers to expatriate in search of a better situation. Also worth mentioning is the situation of better accessibility for foreigners compared to residents in the real estate market. The restrictions for foreigners are almost nothing, unlike residents who are subject to constraints, albeit little limiting. The jewel in the crown of Fijian real estate is undoubtedly the apartment. Several buildings have been converted into apartments precisely to meet the needs of potential buyers but also to respond to issues of cost-effectiveness, effectiveness and efficiency, which could be little amortised with single-family houses and studios. It is hoped that the real estate market can always continue like this, riding the wave of innovation and the open economy.

 

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