Richard Butler | Exclusive Report by VANUATU NEWS | 9TH JULY, 2024
Investors eyeing real estate opportunities in the Republic of Vanuatu have turned their attention to waterfront properties located near the upcoming international airport on the island of Malekula. With the government’s substantial investment of $25 million in the airport infrastructure, including a 3000 meter airstrip and modern facilities for travelers, the real estate market in this area is poised for considerable growth.
The recent completion of a $19 million river hydro power station on the island, along with the development of an 80 km Coast Road costing $161 million, further enhances the appeal of investing in Malekula’s waterfront properties. These significant infrastructure improvements indicate a promising future for the island’s real estate market and its potential for robust appreciation in property values.
Once the airport becomes operational, experts predict a substantial increase in property values, potentially exceeding double-digit percentages. The influx of tourism, expected from countries like Australia, New Zealand, and even China, will further drive up the demand for waterfront properties in Malekula, making it a lucrative choice for real estate investors seeking high returns in the coming years.
Artist impression below of the arrivals and departure building under construction upgrade of the Norsup Airport Malekula. Prior to the Airport opening, the Developer is offering an opportunity for a $2000 deposit repayment without interest period of 27 months for their 2000 m² residential half-lot situated 600 m back from the high water on the beach, and 50 to 65 m above the high water.
Though off the grid currently, powerlines are only 10 km away and have already been stretched 80 km from the power station. The availability of road access to the airport will increase the value of the property for investors who get in early.
