Buying Property in Vanuatu as a Foreign National

Key Restrictions for Foreign Buyers

Land Ownership: Foreign nationals cannot own land in Vanuatu. Only Vanuatu citizens can hold freehold title to land.

Available Options for Foreigners

1. **Leasehold Properties**

• You can purchase leasehold titles (typically 50-75 years)
• These are renewable subject to government approval
• Most expat property purchases are leasehold

2. **Strata Title/Condominiums**

• Foreign nationals can own strata title properties (apartments/condos)
• These come with shared ownership of common areas

Purchase Process

Step 1: Property Search & Due Diligence

• Engage a local real estate agent
• Verify the property title through the Vanuatu Land Registry
• Ensure all permits and approvals are in place

Step 2: Legal Representation

• Mandatory: Use a qualified Vanuatu lawyer
• They will conduct title searches and handle legal documentation
• Verify the seller's right to sell

Step 3: Purchase Agreement

• Sign a Sale and Purchase Agreement
• Pay deposit (typically 10% of purchase price)
• Include conditions for finance approval (if needed)

Step 4: Financing

• Local banks may provide mortgages to foreign residents
• Many buyers use cash or overseas financing
• ANZ Vanuatu and Bred Bank are main lenders

Step 5: Settlement

• Final payment and transfer of title
• Registration with the Land Registry
• Pay stamp duty and registration fees

Costs & Fees

• Stamp duty: Varies by property value
• Legal fees: 1-2% of property value
• Real estate commission: Usually paid by seller
• Registration fees: Several thousand vatu

Residency Considerations

• Property ownership doesn't grant residency rights
• Consider Vanuatu's various visa/residency programs separately

Disclaimer: This is general information, not legal advice. Immigration laws change frequently. Please consult a qualified immigration attorney for advice specific to your situation.