Property for sale in French Polynesia

1/ Capital: Papeete

Is the capital of French Polynesia, an overseas territory of France in the Pacific Ocean. The commune (municipality) of Papeete is located on the island of Tahiti, in the administrative subdivision of the Windward Islands, of which Papeete is the administrative capital.

Is a French overseas collectivity in the southern Pacific Ocean. It is made up of several groups of Polynesian islands, the most famous island being Tahiti in the Society Islands group, which is also the most populous island and the seat of the capital of the territory (Papeete).

Polynesia is made up of several groups of islands including Tahiti and the Society Islands. Bora Bora is perhaps one of the most beautiful islands in the world, but island dreamers will want to pull their heads out of the clouds when it comes to buying private island property for sale in her blue lagoon. Prices run high for a piece of paradise.

In many European countries including French Polynesia, the percentage of people who rent property as opposed to purchasing property is much higher than in the UK. French Polynesia currently has a huge demand for good quality long term rental properties. If the right property is purchased then the guaranteed returns on investment are in the region of 6.5% net p/a - plus strong capital growth.

In 2004, French Polynesia became an “overseas country within the French Republic.” A key motive for autonomy was to protect local employment and property rights, in the face of the thousands of people coming to French Polynesia from France and other European countries. The autonomy law restricts the right to buy landed property to those residing in the territory. How long they must have resided is not yet clear, but it is likely to be between 5 and 10 years.

Even before these recent changes, it was very difficult for a foreigner to buy property. Each foreign investment requires an authorization from the government.