Fancy owning a slice of paradise? The Maldives is set to auction 16 private islands

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The Maldives government plans to auction off 16 of its 1,190 islands on 24 June, in a bid to attract foreign investors to boost the economy that has been seriously impacted by the COVID-19 pandemic.

What better way to practice the ultimate in social distancing than on your own private island in the Maldives?

While there's no reserve prices for the islands, each of which comes with a 50-year lease, according to the "While many might be excited by having their own private island, it’s important to remember that the basis of the auction is a requirement in the terms and conditions that you must setup a resort for visitors," explains Tom Bourlet, travel blogger and marketing manager for"This will stop some billionaires from bidding, who are looking for a private summer resort purely for themselves, as the aim would be to increase tourism to the Maldives.

“It provides jobs for the local population and helps maintain their ecosystem by giving owners responsibility for the island’s environmental stewardship," he tells the Telegraph. "The Maldives has long been considered one of the most vulnerable countries to climate change in the world," he explains.

 

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