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Property for sale in Micronesia

Property for sale in Micronesia



1/ Capital: Palikir

 

Is the capital of the Federated States of Micronesia since 1989, when it replaced Kolonia.

 

2/ Country: Micronesia

 

Is an island nation located in the Pacific Ocean, north of Papua New Guinea. The country is a sovereign state in free association with the United States.

 

3/ Property for sale in Micronesia

 

The first thing you need to know about investing in land in Micronesia is that there isn't much of it. The name “Micronesia”, as many of you know, is derived from the Greek words for “small islands”. If you add up all of the land area of Guam, the CNMI, Palau, the Marshall Islands and all four states of the Federated States of Micronesia, you end up with a grand total of 910 square miles. That's significantly smaller than Rhode Island, the smallest State in the Union, which weighs in at a relatively hefty 1214 square miles. We're standing on the largest piece of real estate in all of Micronesia, the island of Guam.

The second thing you need to know about investing in real estate in Micronesia is that there is a strong cultural underpinning to all matters affecting land. Land is sacred throughout Micronesia, as it is throughout the Pacific islands. In Micronesia, one's identity is deeply tied to one's land. With its ability to produce food and medicine, land is seen as a source of life. This is why the idea of losing one's land carries a deep sense of emotional loss that is akin to the loss of life. Micronesian culture, like other island cultures, emphasizes sharing. Land is therefore generally held communally, passed down from generation to generation by blood ties and administered by traditional leaders in accordance with the culture.

Generally, in Micronesian cultures, the concept of alienating one's land to aliens is, well, alien. In most places outside of Guam, it is not possible for non-indigenous people

to own real property.


 
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At Property Uncovered we provide information on where to purchase real estate in the world, this specific page give details on how to find a property for sale in Micronesia, these can be cheap properties or luxury real estate. All types of properties are covered : land in Micronesia, apartment, house, villa, etc. The information is gathered through our own sources, real estate agents and newspapers.