Property for sale in Papua New Guinea
Papua New Guinea is located in the southwest of the Pacific and includes the eastern region of New Guinea and its islands. Characterized by a vast biological and cultural diversity it is famous for its beaches and coral reefs.
Port Moresby is the capital of the state and it is also the most populous city and the main port.
Properties for sale in Papua New Guinea, Port Moresby and other urban centres are expensive and this is also reflected on the high cost of goods and services including food, utility and safety.
As well, the accessibility of properties for sale in Papua New Guinea is a systemic problem that both the government and private sectors are trying to tackle.
A survey made in 2018 indicated that the perceived unavailability has increased since 2017, with 87% of respondents who believe it or purchase a property in Papua New Guinea moderately or very unsustainable (respect with 85% in 2017).
While those who believe buying a property for sale in Papua New Guinea is convenient, up to
very convenient, decreased by 14% to 12%.
Assigning this change is difficult. Ascending urbanization, those moving from rural-urban areas in search of work and other opportunities, it is certainly one contributory factor.
Once again, most people believe what time is the best time to buy a property for sale in Papua New Guinea, however this has slightly decreased since 61% in 2017, 56% in 2018.
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