The message is loud and clear – Fiji’s development market is racing up the charts.
After spending years on the drawing table, a number of key Fiji waterfront developments are coming to fruition and this is contributing to high levels of confidence in the Pacific haven’s investment market.
Philip Toogood, managing director Bayleys Fiji and South Pacific, says the resurgence in the development sector comes on the back of significant economic and infrastructural changes within Fiji and the maturing of the political system.
“As a permanent resident in Fiji, I’ve seen so many positive changes in recent years and it’s encouraging to observe the investment and commitment from the development sector to make property on these islands even more attractive and accessible to off-shore buyers,” says Toogood.
With Fiji’s tourism industry leveraging off the islands’ pristine waters, property right near the water continues to drive much of the development impetus.
“Greater collaboration with the private sector and the introduction of development incentives by the Fijian Government, has encouraged investors in the hotel and tourism sector to forge ahead with development plans,” explains Toogood.
Waterfront takes the pulse of the waterfront development market in Fiji.
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