There has never been a better time to sell property in Maldives, as there is a strong demand for luxurious beachfront residences in the country from high net worth international property investors. Maldives properties are well known for being lavish, luxurious and having all modern amenities for a great living.
There are 1,190 islands in the Maldives, but only 200 of them are inhabited. There is a strong demand for properties in Male, which is the capital of Maldives. Interest in Maldives property among foreign buyers has risen especially after the government of Maldives simplified the property ownership laws in the country, allowing foreigners to buy properties here on a 50-year lease. After the completion of the 50 years, the lease can be renewed by the foreign investors, or by their inheritors.
For foreign investors, buying property in the Maldives is very much a lifestyle choice. And they are enthused by how much the island nation has changed over the last few years. The infrastructure here is much better than it has ever been.
Maldives properties are not cheap. They fetch $1.6 million on an average because of how high end they are. So, only high net worth international investors can afford to buy property here. And we do see a lot of interest in Maldives from Chinese investors.
In China, of course, there is a whole new generation of highly successful individuals with extremely high net worth. This means that you can certainly expect to sell property in Maldives for a very decent price.
Selling property in the Maldives is quite a challenge because the islands are very sparsely populated and it is only recently that they have aroused interest among international property investors. So it certainly won’t be that easy for you to sell your property at the soonest.
But there are things you can do, such as creating a hook for your property. Your property in the Maldives is not just a house, it is a lifestyle. So when you are looking to sell property in Maldives, you should always keep in mind that you are not selling a house, but advertising a lifestyle.
In effect, you wouldn’t be merely selling your property in the Maldives, but you would be marketing Maldives itself to the international community, which is quite a challenge.
You should create an impression on online property portals that buying your house represents a great way for business executives in fast growing economies of the world such as China, Russia, India and so on, to escape the rat race to the top for just a little while, and relax in the calm and tranquil natural surroundings of Maldives.
You should list your property in as many online property portals, blogs, forums as possible. It also helps to use Facebook advertising and Twitter marketing to broadcast your property to a much larger audience.
Hiring an international real estate agent who specializes in selling properties in countries such as Maldives to rich foreign investors would help tremendously as well. Such agents who have an impressive network that includes cash rich foreign investors from China and Russia are worth their weight in gold.
Finally, set the right price. Don’t be too greedy, be realistic. Foreign property investors are very smart people, and they will have done all their calculations beforehand. So be very careful about the price you set for your Maldives property.