News
June 5, 2018, 12:27 p.m.
Foreign Investors Guide to Buying Real Estate in Fiji
The Republic of Fiji has over 300 tropical islands and is a mecca for foreigners wanting to own a slice of real estate in a developing and central South Pacific country.
Fiji has three types of land tenure and was a British colony from 1874 - 1970. Land in Fiji is either Freehold, Native or Crown (State).
The Greater Suva Area in the capital city is generally the most congested residential part of Fiji, though the Ba Province, which covers Nadi Town and Lautoka City has the highest population.
Fiji’s population and housing census is conducted every 10 years, with the latest census noting a population yet to reach 900,000 and an urban population with a 5% growth from 2007-2017.
Nadi Town is Fiji’s global gateway, as home to its main international airport and...
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Latest articles
Realtors React to New National Budget
Nov. 15, 2017, 3:47 a.m.
The National Budget 2016-2017 has certainly stirred debate and discussions, with some realtors also expressing their views on the financial provisions. Most notably for real estate agents, the Ho...
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Realtors Reminded of Reporting Act
Nov. 15, 2017, 3:47 a.m.
With real estate being an attractive avenue for money laundering, realtors have been reminded to practise due diligence when liaising with clients.
Speaking at the recent National Real Estate Wo...
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Real Estate Workshop Marks Initial Efforts
Nov. 15, 2017, 3:47 a.m.
In a historic first, agents and realty representatives gathered in Nadi last Monday for the National Real Estate Workshop 2016.
This was the first ever real estate workshop held in the cou...
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BSP Acquires Westpac’s Vanuatu Operations
Nov. 15, 2017, 3:47 a.m.
Bank of the South Pacific (BSP) Limited has officially acquired the Vanuatu operations of the Westpac Banking Corporation.
A statement released this afternoon by BSP Group chairman, Sir Kostas C...
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Fiji Credit Rating at B+
Nov. 15, 2017, 3:47 a.m.
CREDIT rating service Standards and Poor’s Credit affirmed its long-term foreign and local currency sovereign ratings on Fiji at ‘B+’.
S&P said Fiji’s outlook remaine...
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VIL Financial Statement
Nov. 15, 2017, 3:47 a.m.
The net profit after income tax of Vision Investments Limited (VIL) settled at $11,472,919, as at 31 March 2016, compared to $9,732,610 last year.
This was noted in its recently released financi...
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Rise In Real Estate Complaints
Nov. 15, 2017, 3:47 a.m.
Statistics revealed a rise in real estate complaints last year, with eight lodged with the Consumer Council of Fiji, compared to two in 2014 and four in 2013.
So far this year, two real es...
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Bond Money & Rental Freeze
Nov. 15, 2017, 3:47 a.m.
Bond money by tenants should not be used as commission, realtors were reminded at a recent real estate workshop.
Fiji Commerce Commission deputy CEO, Seymour Singh, highlighted that this was mis...
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VAT for Rental Homes Over $100k
Nov. 15, 2017, 3:47 a.m.
EFFECTIVE from August 1, 2016, residential dwellings will not be exempt from VAT if the landlord’s gross residential rental income is more than $100,000 in a year. This week, Fiji
Revenue ...
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Rise in Real Estate Investment Credit
Nov. 15, 2017, 3:47 a.m.
The Reserve Bank of Fiji’s latest economic review noted an increase in real estate investment credit for the month ending June.
“Over the month to May, new bank investment related cr...
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