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REAL ESTATE IN
FRENCH POLYNESIA |
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Sending us an Email
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1)
Each foreign investment requires an authorization permit (issued by a "notary")
from the government of French Polynesia. In most cases, the government is
more likely to approve an investment if the project is business related and
creates good employment possibilities for locals. The most obvious example of
this is for a large hotel or resort. Smaller projects and private investments
undergo a much more intense scrutinization process due to the fact that most
of them will never create jobs or add to the local economy. These projects
are notoriously difficult to obtain the necessary authorization permits, as
it often seems each project is based on a different set of criteria.
Please
see the FOREIGN REQUIREMENT NECESSARY
(minimum investment) to obtain legal
permit authorization in French Polynesia.
2)
Often times, Polynesian land divisions are hard to clear due to the fact that
there are many owners for a small parcel of land. In
order to clear a property for sale, all owners must give their permission and
many times this is a near impossible feat. In addition, Polynesians families
are very attached to the land of their ancesters for cultural reasons, (understandably)
and many times have no interest in selling in the first place.
3) All communication with the proper government officials
associated with the real estate authorization permit process is conducted in
French. Those who don't have a fluent understanding of the language are
surely recommended to utilize the services of a translator.
FREQUENTLY
ASKED QUESTIONS ABOUT THE PROCESS
WHAT
WE DO, WHY, AND HOW WE DO IT:
In
order to help foreigners looking to obtain investment properties in French Polynesia,
we (Tahiti Sun Development) take a varied and creative approach to this goal.
We specialize
in flexibility due to the fact that each property or real estate investment
has its own unique set of circumstances to circumnavigate. Some of the ways
we approach this task is by:
1) Playing multiple roles in "the Process",
we act as independant brokers, representatives, and/ or research agents to accomplish
the main objective: make it possible for you to own or lease the property
of your dreams.
2) Constantly striving to learn everything possible about the daunting "process" and all of its special details pertaining to real estate in French Polynesia, we realize that our main strength is in knowing the particulars. The key for us in helping you is to know both the smallest details and yet also have an accute understanding of the overall big picture. This is the difficulty that people who attempt this feat on their own will have to face... Our goal and service is simply to help you succeed in solving this mystery. We have an open mind and are willing to go the distance for our customers.
3) We understand that purchasing real estate in French Polynesia goes way beyond a mere investment. The beauty of the land, its climate, good political stability, wonderful healthcare system, and of course, the kindness of the people add up to something only the few and lucky will ever realize...
FREQUENTLY
ASKED QUESTIONS ABOUT US
HELP
US TO HELP YOU:
We
want to help you accomplish the dream of purchasing property in French Polynesia...
In order to do this, we ask a few things of you before contacting us:
1) We recommend that you read the entire contents on this page and familiarize
yourself with the process and with who we are and what we are capable of doing
for you.
2) After reading this
page and viewing the listings, you will be ready to send us an email... that
will be the beginning of your Tahitian real estate journey.
In your email, you should indicate:
A) Specific property listings you are interested in. (The listings
all have reference numbers. If you don't see something you like in our listings,
tell us what you are interested in with as many specific parameters as possible,
and we will try and find other suitable properties for you based on the information
we have and what you give us.)
B) Your complete name and COUNTRY OF ORIGIN.
C) Your budget and financial limitations. (See
REQUIREMENT SECTION (minimum investment)
Also, indicate if you will be putting cash down and how much, financing,
or paying in cash?
D) Your general reasons wanting to obtain land or property in Polynesia: Retirement?
Commercial development? Second property or vacation getaway?
E) Your time line for executing the transaction. Is something you are ready
for now or are you only looking into possibilities for the future? If so, how
far in the future?
The main thing is to
try and be as detailed as possible. DETAILS ARE IMPORTANT FOR US TO HELP
YOU! The more we know about what you want and why, the better we can help you
achieve the goal.
AFTER you've read
the details (above) about emailing us, (really, it's important!) and familiarized
yourself with the process and the f.a.q.'s, (this helps us all) we look forward
to recieving your Email.
INVESTMENT TIPS AND STRATEGIES TO CONSIDER:
A few general things to consider about real estate in French Polynesia:
* It is clear that investors are placing a priority on properties
on Bora Bora and Moorea,
but the lands on these islands are very rare and often quite expensive. We are
looking for new listings all the time. Indivision problems (see "Process-
#2) almost always exist in one form or another.
* Unfortunately, it seems Tahiti does not
offer much "exotism" to the average party seeking property. In fact,
Tahiti, French Polynesia's largest island and home to 90% of its overall population
does have some excellent properties available the farther one travels from the
city of Papeete. Consider this.
* Huahine, Raiatea,
and Tahaa are possibly the best choices for
investment due to their relatively un-exploited populations and geography. (Raiatea
is the 2nd largest of all Polynesian islands and claims the second largest city
in French Polynesia- Uturoa). All are undeniably just as fabulously beautiful
as Bora Bora or Moorea, many believing them to be more so... they just have
the tourism as the "big 3" (Tahiti, Bora Bora, and Moorea).
* The Tuamotus also offer investment
possibilities, but most choices are between atolls that are already open to
tourism, such as Rangiroa, or atolls that are just starting to develop their
recources, such as Fakarava. Although all these atolls are protected and share
a fabulously wealthy marine
environment attractive to divers, many are dominated by powerful pearl farms
and businesses and should be avoided for the moment.
* TSD suggests that no matter your eventual goals for the property, you should remain open to the possibility of "renting in the long term", or "leasing" (30 years or more) instead of attempting to obtain a purchase permit. Often times leases are far more easily achieved and benefit the investor the exact same way a purchase would. Leases are available for both commercial and private uses.
SEE THE LISTINGS ON THESE ISLANDS:
REAL
ESTATE HOME
| BUSINESS
CENTRAL | TAHITI/
PAPEETE HOME
