thanks for the information. I sent to a guy in Fiji
that is wanting to do wholesales with me
this is his reply
good research . but there are certain areas near beachfronts which has been declared by government as tourism free where foreigners can buy without any hassle and build. foreigners can't buy in residential or town boundaries . free to do so in areas that have been declared to Increase investor confidence.
Interesting, I guess I would just be worried about the government changing their minds in the future, just me personally. But maybe there is less risk if you are doing quick transactions like wholesales versus long term buy and hold.
Would be interesting to know what else you learn and if you decide to invest there.
I found this which is kind of interesting from a few years back , look like they banned sale of property to foreign buyers but I don't know if anything has changed . Something to look into of course .
http://i.stuff.co.nz/business/64122692/kiwis-lose-out-in-fiji-landgrab
thanks for the information. I sent to a guy in Fiji
that is wanting to do wholesales with me
this is his reply
good research . but there are certain areas near beachfronts which has been declared by government as tourism free where foreigners can buy without any hassle and build. foreigners can't buy in residential or town boundaries . free to do so in areas that have been declared to Increase investor confidence.
thanks for the information. I sent to a guy in Fiji
that is wanting to do wholesales with me
this is his reply
good research . but there are certain areas near beachfronts which has been declared by government as tourism free where foreigners can buy without any hassle and build. foreigners can't buy in residential or town boundaries . free to do so in areas that have been declared to Increase investor confidence.
Interesting, I guess I would just be worried about the government changing their minds in the future, just me personally. But maybe there is less risk if you are doing quick transactions like wholesales versus long term buy and hold.
Would be interesting to know what else you learn and if you decide to invest there.
@Kenneth Fetzer, Hi, living in Fiji here. To the best of my knowledge, non-citizens are no longer allowed to purchase undeveloped freehold land outside of resort developments. This was put in place 2 years or so ago to stop foreign investors from buying up all the available freehold at above market rate. Places like Pacific Harbour, Denarau, Nanuku, these are exempt from the restriction.
You are however, free to purchase developed land. I have seen a few people buy via proxy, by that I mean they have a local purchase the land and put a cheap temporary house on it, then they can purchase outside the restriction. Fiji is full of opportunity, and I have met a few Americans who come over with the sole intent to invest.