Fiji: the next big thing?

Fiji will become one of the hottest investment destinations of 2008, argues one analyst…

Liam Bailey, head of international research for David Stanley Redfern Ltd explained why Fiji has experienced such an explosion of popularity: "Fiji is becoming massively popular because it has everything going for it. In a nutshell: it has a similar climate to Australia and New Zealand, as well as sharing all their fantastic recreational activities, and beauty, but for a fraction of the cost.

“Australia has long been one of the most popular tourism and emigration destinations, especially with Brits. As property prices there began to reach outside most people's price ranges, New Zealand became hot news, and now as a similar thing happens in New Zealand, Fiji is becoming the next big thing.

"Fiji is certain to become one of the hottest property investment destinations in 2008 and 2009. With prices at such a low starting point, and tourism growth reaching phenomenal proportions, the rapid economic growth, and rising affluence within the communities will generate at least a 20% annual growth in property value for the next two year -- possibly even as much as 50%, as we have seen in similar locations. Rental yields will grow from the current 6%-8% to around the 10% mark by 2010."