Ease of restrictions reopens growing interest for property buying: Acraman
Uduya Point Apartments (UPA) along the Lami corridors has managed to sell 20 units out of the 26 that it currently owns.
After a successful open house event last week, it was identified that there is a growing interest and visits for Uduya Point Apartment.
Director of Blue Horizon Property Group, Mark Acraman said customers are looking for luxury and waterfront living that is close to the Central Business District.
“There has generally been a lot of interest in the apartments seeing as we have sold 20 of the 26 units we have available, with only a handful left for sale and rental,” he said.
Regaining trust of customers
Mr Acraman believes that with the country 80 percent vaccinated, regaining the trust of local and international customers to invest in properties in Fiji, is looking good,
He said thanks to the Fijian Government, Ministry of Health and Ministry of Trade and Tourism, both international and local buyers would feel more at ease.
“As our economy and business sectors have again begun operating and with the borders reopening soon, the tourism industry shall once again be booming and this combination shall definitely regain their trust and most likely encourage them to invest once the international borders open.
“Since domestic restrictions have eased it has been really great for UPA as we have been able to host our open house events.
“International - It would mean that our market for the few units that we have left will definitely expand as more investors from overseas are looking for properties such as UPA as a safe haven and as a long term home, so we are hopeful that reopening the borders will have a positive impact on the real estate market in Fiji,” Mr Acraman shared.
“At this stage, UPA have just started its open homes to the local market and we have slowly begun engaging with other marketing activities with a few local real estate agents.”
Mr Acraman hopes to expand its marketing reach a little more once the borders fully open.
He said expanding the market reach would strategically target overseas investors as well as holiday seekers.
Mr Acraman said these plans are currently in progress.
“According to recent real estate trends all over the world and also in the pacific region as well as Fiji, luxury is now becoming something that everyone aspires to. Despite the recent setbacks on the devastating effects of the COVID -19 virus on our people and our economy, we see that things have begun slowly improving and hopefully soon we shall see our economy once again booming, the tourism sectors are reopening and employment increasing.
“With these components coming together, we are hopeful that the luxury market in Fiji will also be a part of this upward trend,” he said.
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