Real Estate in Papua New Guinea
Last updated on Nov 27, 2023
Summary: An expat looking to buy a home in Papua New Guinea should start by researching the local real estate market. They should look for listings on websites such as realestate.com.pg, which is the official website of the Real Estate Institute of Papua New Guinea. Expats should also consider contacting a local real estate agent who can provide more detailed information about the local market. Homes in Papua New Guinea typically include basic amenities such as running water, electricity, and a kitchen. Many homes also have air conditioning, a garden, and a garage. Foreigners are allowed to own property in Papua New Guinea, but there are some restrictions. Foreigners are not allowed to own land, but they can own buildings and other structures on the land. Foreigners must also obtain a permit from the Investment Promotion Authority before they can purchase a property.
How do I find a place to live in Papua New Guinea?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Papua New Guinea can be a challenge. It is important to research the area you are interested in living in and to consider the cost of living, safety, and availability of amenities. You can start your search by looking online for rental listings, or by contacting local real estate agents. Additionally, you can reach out to expat communities in Papua New Guinea to get advice and recommendations from people who have already made the move. Finally, you can also look into staying in a hotel or hostel while you search for a more permanent residence," explained one person living in Papua New Guinea.
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What is a typical expat home or apartment like in Papua New Guinea?
"Expat homes and apartments in Papua New Guinea tend to be modern and comfortable, with air conditioning, internet access, and other amenities. Many expats choose to live in gated communities, which offer a greater sense of security and privacy. Expat homes and apartments are often located in the capital city of Port Moresby, as well as in other major cities such as Lae and Madang. Expats can also find housing in smaller towns and villages, although these tend to be more basic and rustic," explained one person living in Papua New Guinea.
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What is the average cost of housing in Papua New Guinea?
If you are thinking about moving to Papua New Guinea, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Papua New Guinea varies greatly depending on the location and type of housing. Generally, housing in urban areas is more expensive than in rural areas. Rent for a one-bedroom apartment in a city can range from around $200 to $500 per month, while rent for a two-bedroom apartment can range from around $400 to $800 per month. In rural areas, rent for a one-bedroom apartment can range from around $50 to $150 per month, while rent for a two-bedroom apartment can range from around $100 to $250 per month," explained one person living in Papua New Guinea.
Should I buy or rent a home in Papua New Guinea?
If you have not spent a lot of time in Papua New Guinea, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Whether you should buy or rent a home in Papua New Guinea depends on your individual circumstances. If you plan to stay in the country for a long period of time, buying a home may be a more cost-effective option. On the other hand, if you are only planning to stay for a short period of time, renting may be the better option. It is important to consider the cost of living in Papua New Guinea, as well as the availability of housing, before making a decision," explained one expat living in Papua New Guinea.
What do I need to know when buying property in Papua New Guinea?
When we asked expats what advice they would give a foreigner before buying a property in Papua New Guinea, they said:
"1. It is important to research the local laws and regulations regarding property ownership in Papua New Guinea before making any purchase. 2. It is also important to ensure that the property is free from any legal disputes or encumbrances. 3. It is advisable to seek professional legal advice before entering into any property transaction. 4. It is important to be aware of the local customs and traditions when purchasing property in Papua New Guinea. 5. It is also important to be aware of the local taxation laws and regulations when purchasing property in Papua New Guinea. 6. It is advisable to obtain a survey of the property before making any purchase. 7. It is important to ensure that the property is properly insured against any potential risks. 8. It is important to be aware of the local infrastructure and services available in the area when purchasing property in Papua New Guinea," said one person in Papua New Guinea.
Are foreigners allowed to own property in Papua New Guinea?
When we asked expats what advice they would give a foreigner before buying a property in Papua New Guinea, they said...
"Foreigners are allowed to own property in Papua New Guinea, but there are certain restrictions. Foreigners are not allowed to own freehold land, but they can lease land for up to 99 years. Foreigners are also allowed to own buildings and other improvements on the land, but they must obtain a lease from the government. Foreigners are also allowed to own businesses in Papua New Guinea, but they must obtain a business license from the government," remarked one foreigner who made the move to Papua New Guinea.
What appliances are typically included in a rental?
We asked foreigners in Papua New Guinea what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Papua New Guinea, rental properties typically include a refrigerator, stove, oven, washing machine, and air conditioning unit. Other appliances such as a dishwasher, microwave, and dryer may also be included depending on the property," said one expat in Papua New Guinea.
Additional Information about Searching for a Home in Papua New Guinea:
We asked foreigners in Papua New Guinea what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats looking for homes in Papua New Guinea can search online for real estate listings, contact local real estate agents, or search for rental properties through online classifieds. They can also ask friends and family who are already living in the country for advice and recommendations. Additionally, expats can attend local expat events and meet-ups to network and find out more about the housing market in Papua New Guinea," explained one person living in Papua New Guinea.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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