Yields are moderate to high in Vanuatu
January 18, 2006
|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).