Island Homes

Your Piece of Paradise

                One can imagine that location is a huge factor in Fiji’s real estate appeal.  The fact that only 10% of the land is available free hold land one can by just makes it that much more competitive.  Though prices have leveled out over the last year or so, Fiji has recently experience home appreciations upwards of 30-40%, making it a great investment. 

There have also been increases in population and the number of households, with the total of number households jumping up 29,843 since 1996 for a total of 174,460 today throughout Fiji’s 7,056 sq. mi.  The most notable increases have been in the central and western areas of the country.
               

As can be expected the prices of homes vary greatly, mainly depending on the area the real estate is located in and the type of home you purchase.  Fiji offers plenty of variety with apartments, villa, homes, resort developments, vacant lots and even entire islands that have all become more accessible with the increased boat and air services. 

Depending on your budget there is something for everyone’s price range with homes starting as low as $90,000 all the way up to multi-million dollar mansions.  Of course all the homes on the island are built to make the most of the tropical island environment.  Many are constructed from local timber, have open-air floor plans and plenty of windows to take in the views.

Real estate ownership in Fiji is different than in the United States.  There are 3 types of land in Fiji.  Much of the land is Native land which covers 83% on the islands and is held by the indigenous people of Fiji.  Native land is for their use and can’t be bought though it be leased.  This type of “ownership” is referred to as a native lease. 

Then there’s Crown land that consists of 7% of the land and is owned by the government.  Like native land, crown land can’t be purchased, but it can be leased for up to 99 years with a crown lease. You can sell or transfer your crown lease, but the government must approve it first. 

The rest of the land that makes up Fiji is freehold land that is available for purchase by foreigners.  However, if the property is less than an acre you must obtain a work permit or residence permit before purchasing, and if the property is more than an acre the purchase must be approved by the Ministry of Lands. 

Because real estate in Fiji is unregulated it’s imperative that potential buyers contact a reputable realtor to help them purchase any real estate.

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