Lifestyle Benefits Driving the Fiji Market
The recreational, climatic, and cultural fundamentals which make Fiji an enduring holiday destination continue to underpin the waterfront property market in the tropical Pacific Islands.
Waterfront magazine editor, Jody Robb, spoke with Bayleys Real Estate (Fiji) Limited director, Philip Toogood about the evolution of the waterfront market over the last two decades.
“It goes without saying that Fiji has much to offer tourists who are looking to escape the hustle and bustle of their everyday lives.
“Those relaxation benefits also appeal to investors who can see the advantage of combining a managed property asset that offers a return, with holiday accommodation that they can use themselves.
“Waterfront property values are increasing, so there is an opportunity for capital growth as well.”
Toogood says conserving the pristine coastal environment is at the heart of all development in Fiji.
“All new developments require environmental impact analysis and developers need to show sensitivity to the environment in all they do,” he says.
“Mangrove protection is a high priority along with water pollution protection from excavation and good waste management. Lifting land levels higher above sea level is also common practice.”[Download PDF guide]