Vanuatu: House Prices, Rents, and Rental Yields
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Last Updated: Jan 18, 2006
Yields are moderate to high in Vanuatu
| Last Updated: Jan 18, 2006 | |||||
| VANUATU | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 140 sq. m. | 130,000 | 800 | 7.38% | 929 | 5.70 |
| 220 sq. m. | 177,896 | 978 | 6.60% | 809 | 4.40 |
| 250 sq. m. | 190,000 | 1,245 | 7.86% | 760 | 5.00 |
| 350 sq. m. | 287,000 | 1,650 | 6.90% | 820 | 4.70 |
| Source: Global Property Guide | |||||
Residential property prices are around US$800 - US$970 per sq. m. (VUV 92,250 to VUV 111,850).
A 100 sq. m. property could be bought for VUV 11.2 million (US$97,000). This same property might rent for around VUV 77,250 (US$670) per month, thus producing a rental yield of 8.3%. Rental yields for larger properties would be less, at around 6.2% to 7.4%.
Property transactions are done in several currencies, including the Vanuatu Vatu (VUV).
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