mauritius-destination-rise-luxury-real-estate

Mauritius, a destination to watch

Mauritius offers a unique setting in the heart of the Mascarene Islands, with an exceptional climate, excellent quality of life, and attractive tax status.

Property investments have been growing steadily since the market was opened to international buyers in 2002, and the island enjoys unparalleled political, social, and economic stability and security. This staunchly global island conducts its affairs in both French and English, and offers a major business hub thanks to its position in a similar time zone to Europe.

 

mauritius-destination-rise-luxury-real-estate

 

The most sought-after neighborhoods

Single-story and duplex apartments near town centers and tourist areas such as Grand-Baie in the north – the most renowned and popular oceanfront tourist resort and residential area on the island. Return on investment through vacation rental is the highest in this district. Tamarin and Rivière Noire are also developing solidly on the west coast.

The most desirable properties

Luxury villas in premium resorts with golf clubs, a marina, gymnastics classes, well-being spaces, and more. And ultra-contemporary villas with private pools located in oceanfront resorts.

Client expectations

Favorable tax arrangements, quality of life, security, and services. The island attracts the world’s major wealth holders in search of new properties (fourth or fifth residences).

Clientele

International, with a majority from France and South Africa, and significant percentages from the U.K. the United Arab Emirates, Luxemburg, Russia, and Switzerland.

Opportunities and perspectives

The absence of wealth, capital gains, and inheritance taxes, as well as the Property Development Scheme enabling international investors to obtain a residency permit, are all contributing to the island’s development. As a result, a number of ultra-luxury programs have been built, such as the Signature villas by Jean-Michel Wilmotte in the Anahita resort.

What will 1 million euros buy?

2 691 sq ft in Tamarin or 861 sq ft in Grand-Baie.

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Source: Barnes Global Property Handbook

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