Find Property and Real Estate expertise in Vanuatu

Property prices in Vanuatu have increased steadily since the mid-1990s due to movement of expatriates from Hong Kong and Australia and, more recently, due to the investment efforts of the government. No land in Vanuatu is free-hold but there are 50 year leases for residential lots and 75 year leases for commercial property. Aside from land, there are no restrictions on foreign ownership of land. Rental yields in Vanuatu are moderate to high, around 8%, with rental income tax set at a flat 12.5% rate. There are no property, capital gains or inheritance taxes in Vanuatu but there is a stamp duty of 5% payable on sale. There is a small but relatively well established estate agency sector catering to the property market in urban areas and to the tourist and expatriate community.