There is an increasing number of reasons to motivate for buying residential property in Mauritius.
Less than a five-hour direct flight from Cape Town via the national carrier Air Mauritius lies the Indian Ocean island that has become a second home to thousands of South Africans. Mauritians speak English and French, in addition to their native Creole, so ease of communication is one of several reasons that attract those keen to take advantage of the opportunity to live and work in Mauritius.
Towards the end of last year, South Africans looking for offshore investment opportunities as well as a more stable political and economic climate were showing increased interest in Mauritius, according to Richard Haller, Director of Pam Golding Properties Mauritius. It’s an enduring trend, with the Economic Development Board attributing almost a third of foreign direct investment (FDI) into real estate to South Africans in recent years. Mauritius is one of the few places in the world where the rand has property investment value in a major global currency (the euro) and is relatively close to friends and family for South African residents.
“Property value is expected to grow by 40% in USD terms over the next 10 years,” says Haller. “For those with $500 000 to invest in real estate that includes permanent residency status, with a nine-year payment plan offered on selected products, it’s an investment that offers a high ROI both personally and professionally.”
Mauritius is the best place in Africa to do business, according to the latest World Bank report, and has shown strong GDP growth of 5,9% since 2006. Tourism is growing by 10% per year and continued infrastructure growth is aiding business expansion. There is also no inheritance tax or Capital Gains Tax, as well as low unemployment and inflation.
Where to buy
It comes down to lifestyle. Trendy Grand Baie in the north appeals to residents who wish to be in a more vibey, touristy mix while the more family-oriented west offers a more suburban lifestyle as well as incredible natural attractions and outdoor activities on your doorstep.
- Ki Resort apartments offer resort-style living from $220 000, while Ki Residences are close to the beach and priced from $549 000. Residents at these locations have access to the nearby 2Beach Club, designed by Stefan Antoni of SAOTA
- Serenity Villas are a bespoke luxury option also designed by Antoni, priced from $1mil and launching Serenity Apartments in July
- Mont Choisy La Reserve, phase 3 of the successful Mont Choisy le Parc – Golf and Beach Estate, launched in April 2019, on the doorstep of Grand Baie, offers residential options for foreign investment from $531 000
- With only 4 left, Manta Cove is a magnificent coastal retreat with sea views, with apartments from $2 million
- Akasha’s luxury villas are in tune with nature, priced from $867 000
- Asmara is the development for you if rare, exquisite beachfront resort property is what you’re after. These options are priced from $666 000
- For more spectacular sea views, you can choose from the luxury villas at Marguery Heights, priced from $2,4 million
If you’re interested in investing in property on the island, we recommend taking one of our guided tours. A Pam Golding Mauritius representative will explain the nuances of the areas where the best developments are located so that you’re better informed when making this life-changing move. Contact us direct on email@example.com.
Top reasons to live in Mauritius
- Desirable idyllic lifestyle
- Beautiful clean waters (popular destination for water sport enthusiasts)
- International schools and a growing number of internationally recognised tertiary institutions
- Tropical climate with year-round sun
- Number of world-class golf courses
- Large expat community makes settling easy
- International standard medical facilities
- Safe living environment
- Low cost of living compared to Europe
- Mauritius Air Corridor makes the island the perfect location from which to travel Africa, Middle East, Asia and Europe