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April 26, 2007
New Borrowing Regulations for Fiji property purchasers
In a release at the end of March relating to Exchange Control Policies in Fiji, non-resident individuals wishing to obtain finance for the acquisition of Fiji property will need to obtain such finance offshore. This will come into effect from 1st January 2008. Previously, purchasers were able to apply for finance assistance from local Fiji banks and finance companies.
An exception to this new regulation are property acquisitions relating to tourism related projects that have already been approved.
Buying property in Fiji Islands remains very popular to overseas investors. Find out why by viewing current available property on FijiRealEstateOnline.com!