All Topics / General Property / Investing In Papua New Guinea
Dear Steve
I was wondering would you consider investing in Papua New Guinea?
Kanawii73
Short answer – ABSOLUTELY NOT!
This short joke gives you an idea of the place. Q. – What did PNG use before kerosene lamps. A. – Electricity
Cheers, Paul
Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
Email Me | Phone MeAn alternative way to finance your home.
I looked at in very generally but didn’t go ahead as the finance was pretty ordinary from memory. Things have actually deteriorated up there in recent years but I am still monitoring Port Morseby and trying to pick the bottom. If you could get decent finance commercial property in POM leased to mineral or energy company might be worth looking into. There are some big projects coming to PNG and they might help the general standard of living up there but most expats that work up there don’t rate it high. Might be a buyers market now who knows.
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