Every year, Mauritius attracts many investors, in real estate or in other sectors. Today, because of many factors, the country has become very supportive of a real estate investment. Whether you want to invest in high-end real estate, put property for sale or rent on the big island, discover everything you need to know before you start. In this article, our real estate agency in Mauritius tells you about real estate in Mauritius. Good reading!
Reasons for investing in Mauritius
Located in the Mascareignes Archipelago, in the centre of the Indian Ocean, Mauritius is located 2 400 km from the southeast coast of Africa. The country has a framework, a breathtaking landscape and an exceptional climate to attract several real estate investors. In this section, discover all the reasons forinvesting in real estate Mauritius.
Profitable taxation
Thanks to Non-double taxation lawThe solidarity tax on wealth is not applied to French residents wishing to invest in the island. In other words, real property is not taxable to the ISF. Only a fixed rate of 15 per cent is applied to the rental of real estate in Mauritius. The signing of the non-double taxation treaty thus ensures the protection of investors, including those investing in the real estate sector.
That is not all, Mauritius has introduced a streamlined and simplified tax system to encourage investment in many sectors.
The tax rate local is only 15%. This rate is applicable to corporate income and personal income. There is no taxation on dividends or short-term capital gains. Property tax is also zero for foreign investors. All this to tell you that Mauritian taxation is very favourable to an investment.
Political stability
Mauritius is one of the countries enjoying full political stability after independence. Speaking of social peace and multicultural society, Mauritius remains an essential example. According to the findings, the island is breaking the world record in terms of good governance, transparency of elections and economic freedom. This ensures protection of investments made in the territory.
Fauna and flora favourable to real estate investment
In terms of tourism, Mauritius stands out above all by its beautiful landscapes. The island is surrounded by lagoons, bordered beaches, filaos and especially coconut trees. It is a destination preferred by the majority of tourists. Mauritius is a volcanic island characterized by its lush vegetation. A mild subtropical climate reigns throughout the year. The rich biodiversity existing in the territory makes real estate investment much more interesting.
Real estate investment is subject to regulations
On Mauritius, real estate investment is regulated in accordance with legal provisions. In this way, the contracts and all necessary documents must be registered in French. Other regulations also come into force: security deposit, etc.
Real estate price trend in Mauritius
As a country with high potential for real estate investment, the price of one square metre in Mauritian territory continues to rise from one year to another. This increase is due to new infrastructure, motorways, schools, etc. It is also due to the different tourist attractions of the island. It should also be noted that Mauritian territory is a country that had been severely affected by the adverse consequences of the Covid 19.
So many citizens want to return to a normal life in an ideal setting, enjoy their retirement in a paradise place, etc. The growth of demand in the real estate sector directly affected the price trend. In addition, to promote its economic development and attract the largest number of foreign investors, the country has established different real estate programmes. It is therefore not surprising if the price per square metre on hexagon is increasingly expensive. On the other hand, the balance between the law of supply and demand naturally leads toincrease in real estate prices.
Due to the Ukrainian conflictThe price of energy rose sharply. Automatically, price increases affect different sectors including real estate. Moreover, investors currently prefer to invest in stone rather than bank. More particularly in Mauritius, the price of new real estate and the price of land continues to rise.
However, due to the opening of borders, the real estate market in Mauritius is a very promising sector. Even if prices rise from one year to one year, the Real estate transactionsnew housing programmes are being introduced.
Real estate investment possible in Mauritius
Real estate expert? Want to invest in Mauritius? Do you have trouble choosing between buying a luxury property in the water, renting a house by the sea, or selling a real estate? With the official opening of the Mauritian border, there is currently a more profitable type of investment in hexagon.
To ensure the full success and profitability of your real estate project in Mauritius, think about investing inreal estate rental long term. It is a form of investment that consists of buying a villa, a house, an apartment, a duplex, a penthouse with the aim of putting them in a long term rental.
Go through a real estate agency Mauritius is thus a highly recommended stage.
To facilitate the day-to-day management of your property, consider seeking the services of a provider in rental management. As its name suggests, this is a management-oriented activity, the maintenance of a property. It is then up to this outside professional to take care of the maintenance of your premises. If you are the owner of a secondary residence, you need a real estate management specialist.
Learn more about real estate investment in Mauritius:
How do you succeed in your real estate purchase in VEFA?
- You can read the article here
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