Buying in Mauritius is an investment whose profitability is less and less secret. Whether you are looking to make a patrimonial or rental investment, for the past few years the eyes have been trained on the pearl of the Indian Ocean... and good real estate deals.
We first remind you of the advantages of buying real estate in Mauritius, and then give you an overview of the types of property for sale in Mauritius.
Summary:
1. The advantages of buying property in Mauritius
2. What type of property for your property purchase in Mauritius?
The advantages of buying a property in Mauritius
Buying property in Mauritius is often, above all, a choice of the heart: the island offers a mild climate all year round, and above all the most beautiful beaches in the world. It is not without reason that the island has been ranked in the top 10 of the most beautiful islands in the world by GEO! The local people are among the most welcoming in the world and also contribute to making your stay pleasant and exotic. Still not convinced about buying a house in Mauritius?
Know that beyond its lagoons and the azure blue of the ocean, the financial advantages for real estate investors are not slim.
For any real estate purchase in Mauritius above an amount of 500 000 dollars, and on the condition that you reside there for more than 6 months a year, you can indeed benefit from the status of permanent resident offering access to the very soft Mauritian tax system. It is characterised by the following advantages :
Single income tax rate of 15%
No property wealth tax
No capital gains tax
No inheritance tax
No property tax
No housing tax
No double taxation with France (and most countries in the world)
It is therefore easy to understand how attractive a property purchase in Mauritius can be to sophisticated investors.
Finally, the current period is more favourable than ever for investment: property loan rates have never been so low. The low rates combined with the absence of capital gains tax obviously offers the prospect of very high returns for any real estate purchase in Mauritius.
What type of property for your real estate purchase in Mauritius?
Contrary to popular belief, a foreign investor can buy property in Mauritius as a freehold. To do so, it is necessary to activate one of the schemes put in place by the Mauritian government, grouped under the Property Development Scheme, or PSD. These schemes allow the acquisition of new properties, sold off-plan, offering a certain number of luxury benefits (swimming pool, golf course, etc.). It is however imperative to buy a property for a minimum amount of $500,000 to benefit from the residence permit.
In Mauritius, real estate for sale consists of thousands of properties accessible within the framework of the PSD, both on the coast and inland.
Heritage investment
If you are looking to buy a home, whether as a main or secondary residence, you should know that the purchase of a villa in Mauritius by the sea is possible within the framework of a PSD. Swimming pool, caretaking, maintenance of green spaces: the PSD guarantees that your villa will be well maintained in all seasons.
Rental investment
Buying property in Mauritius is not only advantageous for those who wish to live there. The Mauritian government offers an ideal framework to invest in renting a villa in Mauritius whether for a short or long term.
Seasonal rentals
This is a safe option for dealers looking for quick profitability. The emergence of a varied and not just high-end tourism has encouraged some to buy cheap properties to put them up for seasonal rental, before reselling them, a few years later, for up to twice or twice the purchase price thanks.
Hotel for sale in Mauritius
Real estate for sale in Mauritius also includes hotels, despite the profitability of the sector. Although the hotel capacity of the island is constantly growing, they will not be able to keep up with the development of tourism, both short and long term.
The latter should indeed explode with the arrival of retired people as well as teleworkers in search of a sunny environment with less than 3 hours time difference from Paris.