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Latest Articles - Luxury

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Tahiti Real Estate

Wednesday, 03 March 2010

real estate TahitiTahiti is not the place. It is the idea. The image. It is charming white sand beaches, various shades of ocean blue, palms and the tropic sun. Tahiti still resembles the vivid paintings by Paul Gauguin as if coated with the shining vanish. A plenty of multi-color birds, looking like flowers and luxury flowers looking like birds, a majestic waterfall and cool rivers.

Tahiti is the place where the sun rises. Tahiti and the islands is the symbol of the wonderful rest on the seashore from the old times. The Czech social anthropologist Miloslav Steangle stated not in vain: «I dream – why not confess it? I dreamt of this island more than of any other place in this world. The word Tahiti was like a sweet singing of siren, the legendary heaven music. Tahiti! Оh, Tahiti!».

The dreams about Tahiti were inspired with the canvases created by Gauguin with the legend on «Bounty» and the riot as the symbol of freedom and happiness. They say that Gauguin promoted the idea about Tahiti and it seems like that. The famous paintings by the legendary painter show the islands so «deliciously» that everyone believes that Tahiti is the real paradise. This is the place for the paradise delight. This is what we want to see and perceive, though the real things that occur now in Tahiti concern more prosaic things, like investments.

So, it is useless to purchase the real estate on Tahiti to live there on your own. It does not make sense at all. Only it matters if you are retired and plan to devote the rest of your life to self-meditation (at least, perception of the environment, sea and waves). As an alternative, fishing, diving, surfing and windsurfing are the kinds of water rest and sports practiced there. And that’s all for it.

Business on Tahiti includes the vanilla plantations, coconut groves, copra, production and cultivation of black pearl and tattoo. Besides, it is the place where the various souvenir manufacture is profitable, including ikebana made from tropic flowers (orchids are especially amazing), bread baking (though this business niche is occupied by the Chinese businessmen). That’s all again in this sphere.

All is done already and nothing to do left. The folk villages are guilt and they successfully function. And considering the size of the islands, two folk villages have nothing to do there. So, the only thing to do is the relaxing or active rest.

If you are not the genius like Gauguin, then the intention to acquire the real estate on Tahiti may be based on the willing to earn from further leasing. Thus, according to the informational portal Global Property Guide the first place goes to Tahiti in the top ten attractive countries where it matters to acquire the real estate for leasing purposes and tourism.

The tourists arrive to Tahiti in abundance. They accommodate in bungalows on piles and enjoy the fishes under the «floor» (in some bungalows the floor is made translucent for entertainment purposes), and taste the Polynesia kitchen courses. And they pay from $50 to $1000 US dollars per day to stay in bungalow and the price varies from the class of bungalow. The worst variant is when the bungalow looks like a shelter with several beds in one room and a couple of chairs on the combined terrace are around $20 US dollars per day. And this is not a boarding house but the price for accommodation only. Food is not included. And prices on Tahiti are significantly different from what they were when Gauguin was there. The civilization depraves and prices go up.

The annual profit from the leasing of the Tahitian property makes 15% which is the highest profit interest on leasing in the world. The prices for the real estate go up even today when the world financial crisis destroys the markets of real estates.

The only problem is that the purchase of real estate on Tahiti is impossible. The law stipulates that the non-resident is not entitled to purchase the land on Tahiti if lived there lesser than for the particular period of time.  And this period totals 5 to 10 years, depending on the island where the real estate is located you want to acquire.

And there are rare people who are willing to be engaged in surfing or diving within 5 to 10 years visiting just a few Tahitian sightseeing. Thus, Tahiti is not in the list of countries providing «real estate abroad» and is not absolutely appreciated as the place for profitable investments whatever informational portals state.

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