Buy property in Fiji – affordable paradise!
Here’s a thought for homeseekers – buy property in Fiji! Ever wanted to own your slice of paradise? Buying real estate in Fiji could be a seriously good option.
Whether you’re looking for the ultimate holiday house, an investment property or somewhere to retire to – Fiji has it all. Affordable real estate in stunning locations.
In fact, why wait? You can move there now. The big shift to remote working over the past 3 years means Fiji is the ultimate remote worker’s dream. Literally walking to the beach with your laptop.
Fiji is one of the few Pacific countries that allows non-residents to purchase land and real estate. The only restrictions are that non-residents can mainly buy freehold land. This accounts for around 8% of Fiji’s total land mass, but don’t be discouraged – there are some sensational spots to choose from.
Freehold land is based outside urban centers such as Nadi and Suva. No problem! When most of us dream of owning a house in Fiji, we ain’t thinking about cities. We’re thinking of more remote, yet easily accessible places. Peace and quiet near a beach. Yes please.
If you’re looking to buy property in Fiji some of the best freehold spots include Pacific Harbour at the south of the main island Viti Levu.
Pacific Harbour is known as the adventure capital of Fiji. It’s just an hour’s drive from the capital Suva and has rainforests, lagoons, beaches and fun parks. Exactly what you’d hope for.
Other options are in the northern region of the main island in areas such as Savusavu and Rakiraki. Here you’ll find tropical waterfalls and stunning beaches with easy access to islands. Savusavu is growing as a tourism hotspot so owning real estate here could be a great investment for the future.
And if you really want to go all out, then look no further than Taveuni Island.
That’s right – owning a house on a Fijian island. Even Hollywood bigwigs can’t boast that.
Taveuni sells itself. It’s the third largest Fijian island and has an airport. Also known as “the Garden of Fiji”, Taveuni has some incredible flora and fauna plus any kind of water sport you can think of.
Or just the ultimate place to relax.
If you want to buy property in Fiji you’re not completely restricted to the freehold areas. Non-residents can snap up places in urban areas, as long as they’re part of tourism development or a strata title. Strata titles refer to buildings which as apartments or unit-type properties. You buy an apartment plus the garage and storage areas.
So how much for how much?
Here’s where it gets really good. A FJD $1,000,000 luxury house is great value.
That’s around AUD$ 650,000 or USD$ 450,000. Houses this size typically have at least 4 bedrooms, and are stone’s throw from the ocean. The land is big too. For this price you could pick up a 2 acre property.
To give you an idea, 2 acres is roughly the same size as 2 football fields.
The general rule for buying freehold land only is that you should build a house on it within two years. The house should also be valued at least FJD$ 250,000 which is easy to do.
As for borrowing money – it’s pretty painless to buy property in Fiji. The Reserve Bank of Fiji okays maximum loans and most commercial banks allow you to use your foreign-based property as equity.
Banks also assist you in transferring international funds and getting accounts and loans set up.
So if you’re discouraged by crazy increases in house prices around the world, why not go tropical?
Spend a few months there, and go for AirBnB when you’re not there. Spend half the year there!
For those of us who’ve ever sat on a Fijian beach, gazing at a sunset and said, “I wish I could live here!” – now you can.