3 ms·
I live in Fiji. We stopped this last year. Non-citizens can't buy residential properties within town boundaries. Outside of town boundaries, they can buy resid
by markdown 11y ago
I live in Fiji.
We stopped this last year. Non-citizens can't buy residential properties within town boundaries. Outside of town boundaries, they can buy residential property but must build a home within two years... and there's a minimum $ amount they have to spend building the home.
The law was enacted because locals just couldn't compete with the Chinese.
- eps 11y agoYou'll end up with one Chinese guy with a citizenship holding proxy ownership for a hundred that are still in China. Just like it is in Vancouver. That's unless there is a massive tax penalty for owning secondary residencies.
- esja 11y agoSo do both.
- mistermann 11y agoThat's simple enough to detect and outlaw if your government isn't bought and paid for.
- steveax 11y agoMay I ask where in Fiji you live? I traveled there a few decades ago and still have very fond memories. It's been in the back of my mind as a place to wind down after I'm done with the rat race ever since.
- markdown 11y agoI live in Nadi near the international airport. If you last visited a few decades ago, then a lot has changed since then (and probably not in a good way)