How to Buy Real Estate on Tahiti
The laws of French Polynesia govern the purchase of property in Tahiti. Depending on the type of real estate you want to acquire, the laws governing the transaction can be complex. Follow these steps to acquire property in Tahitit.
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Instructions
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Engage the services of an established, experience real estate firm. Frequently a creative approach is necessary due to the varied circumstances that accompany each purchase.
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Obtain an authorization permit from a Notary of the French Polynesian government. A minimum investment of US$300,000 is required for those seeking private, residential real estate. Realty firms generally will not work with clients who cannot show at least this amount to invest.
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Clear the property for sale. Land divisions are difficult to clear because there are usually many owners for even a small parcel of land. Traditionally and culturally, many Polynesians are not willing to sell their properties and thus create "indivision" problems.
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Hire a translator skilled in the esoteric terms associated with real estate. All documents and meetings are in French.
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Travel away from Papeete to find more properties. Tahiti is home to 90% of the population of French Polynesia. Consider Huahine, Raiatea and Tahaa as the best choices for real estate investment. These beautiful islands are relatively unexploited and a real estate purchase is a wise investment.
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Consider leasing or renting a property. You can readily obtain a 30-year lease that offers the same benefits as a purchase.
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