Real Estate in Kiribati
Last updated on Feb 03, 2024
Summary: An expat looking to buy a home in Kiribati should start by researching the local real estate market. They should contact local real estate agents and inquire about available properties. They should also research the local laws and regulations regarding foreign ownership of property in Kiribati. Foreigners are allowed to own property in Kiribati, but there are certain restrictions. For example, foreigners are not allowed to own land, but they can own buildings and other structures. Houses in Kiribati typically include basic amenities such as running water, electricity, and sewage systems. Some houses may also include air conditioning, swimming pools, and other luxury amenities.
How do I find a place to live in Kiribati?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One option for finding a place to live in Kiribati is to contact a local real estate agent. They will be able to provide you with information about available properties and can help you find a place that meets your needs. Additionally, you can search online for rental listings in Kiribati, or ask around in the local community for recommendations. You may also want to consider staying in a hotel or guesthouse while you search for a more permanent residence," said one person in Kiribati.
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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What is a typical expat home or apartment like in Kiribati?
"Expat homes and apartments in Kiribati are typically modern and comfortable, with air conditioning and other amenities. Many expats choose to live in the capital city of South Tarawa, where there are a variety of housing options available. Apartments tend to be spacious and well-equipped, with balconies and views of the ocean. Houses are often larger and more luxurious, with private gardens and swimming pools. Expats can also find more affordable housing options in the outer islands, where the cost of living is lower," remarked one member in Kiribati.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Kiribati?
If you are thinking about moving to Kiribati, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Kiribati varies depending on the location and type of accommodation. Generally, housing in Kiribati is relatively affordable, with basic accommodation costing around $50 per night, while more luxurious options can cost up to $200 per night," said one person in Kiribati.
Should I buy or rent a home in Kiribati?
If you have not spent a lot of time in Kiribati, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Kiribati can be a great investment, as the cost of living is relatively low and the country is known for its beautiful beaches and stunning scenery. However, it is important to consider the cost of upkeep and maintenance when deciding whether to buy or rent a home in Kiribati. Renting can be a more cost-effective option, as it allows you to enjoy the benefits of living in Kiribati without the long-term commitment of buying a home. Additionally, renting can provide more flexibility if you are unsure of how long you will be living in Kiribati. Ultimately, the decision to buy or rent a home in Kiribati should be based on your individual needs and financial situation," said one person in Kiribati.
What do I need to know when buying property in Kiribati?
When we asked expats what advice they would give a foreigner before buying a property in Kiribati, they said:
"When buying property in Kiribati, it is important to understand the local laws and regulations. It is also important to research the local market and be aware of any potential risks associated with the purchase. It is also important to ensure that the property is properly surveyed and that all necessary paperwork is in order. Additionally, it is important to be aware of any taxes or fees associated with the purchase. Finally, it is important to ensure that the property is properly insured and that all necessary permits and licenses are obtained," explained one person living in Kiribati.
Are foreigners allowed to own property in Kiribati?
When we asked expats what advice they would give a foreigner before buying a property in Kiribati, they said...
"Foreigners are allowed to own property in Kiribati, but they must obtain permission from the government before doing so. The government will consider the application and decide whether or not to grant permission. If permission is granted, the foreign owner must register the property with the government and pay any applicable taxes. The foreign owner must also have a valid residence permit in order to own property in Kiribati," wrote one expat who made the move to Kiribati.
What appliances are typically included in a rental?
We asked foreigners in Kiribati 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 Kiribati, rental properties typically include a refrigerator, stove, oven, and washing machine. Other common appliances may include a microwave, dishwasher, and air conditioning unit. Depending on the property, additional appliances such as a dryer, water heater, and garbage disposal may also be included," explained one person living in Kiribati.
Additional Information about Searching for a Home in Kiribati:
We asked foreigners in Kiribati 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 can search for homes in Kiribati by looking online for real estate listings, contacting local real estate agents, and asking other expats for recommendations. They can also search for rental properties on websites such as Airbnb and HomeAway. Additionally, expats can look for housing options in local newspapers and magazines," remarked one foreigner who made the move to Kiribati.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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