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Positive movement in the leasing market

February 18, 2021 4:15 am

There has been some positive movement in the leasing market in Western Fiji with anticipation of borders re-opening.

Bayshore Real Estate Director Arif Khan says smart investors are negotiating good leasing arrangements as well as picking up deals with prices down by 30%.

Khan says landlords need to make adjustments to their income.

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“So I would encourage investors to take advantage of the price reductions. We also see a new trend towards the acquisition of more farmland.”

Khan adds people should be concerned about sustaining themselves past the pandemic.

He adds in the Central Division they have noticed about a 15 percent decline in property prices.

 

 

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