The real estate market is changing rapidly. And these changes, combined with the post-pandemic climate, push buyers to invest outside metropolitan territory. Among the popular places, Mauritius wins all the votes. Long before the health crisis, the region already attracted French investors and promoters. In 2020, the Ministry of Trade and Industry announced to inject EUR 250 million per year to support the creation of real estate programmes. And the pandemic did not hinder the will of the Government of Mauritius, to encourage the development of a sector essential to the local economy. The strategy works: with its paradisiac setting and tax advantages, the island continues to seduce future owners. So you want to invest in a real estate programme in Mauritius ?
To help you understand the issues, and make your choices, here is the guide.
Why choose Mauritius?
An extraordinary living environment
The endless beaches, the lagoon blue water, the sun... The beauty of the Mauritian landscape leaves no one indifferent. The island has a tropical climate: winter (May to October), temperatures vary between 15° and 25° In the summer (November to April), the thermometer usually reaches 30°. In addition, the Mauritian territory enjoys great political stability and offers a perfectly secure living environment, both calm and warm. Also know that the island welcomes Chinese, Western, Creole and Indian communities. A cultural richness in idyllic decor, welcome to Mauritius!
Customized projects for foreign residents
The Mauritian government does not hide its desire to attract international buyers. To seduce investors, The administration offers the possibility for developers to create an annex real estate market, with the aim of increasing the reception of foreign residents without affecting the local population. In this context, real estate programs are specifically designed to meet external demand. And access to these homes is restricted to future buyers. An asset for investors as they acquire new buildings directly. This program includes four property models:
- PDS (Property Development Scheme);
- R+2 (Shoes with two floors)
- IHS (Invest Hotel Scheme);
- Smart City.
Each concept has its own advantages and legislation.
Attractive taxation
If you want to invest in a luxurious area of Mauritius, know that you will benefit from a rather flexible tax system. First of all, when buying in Mauritian territory, you are subject only to taxation.
Indeed, the Mauritian administration has signed a non-double taxation agreement.
So if you have a property in a real estate program in Mauritius, You will not pay any tax in France. And if you want to sell your property, know that local taxes do not include any taxes on capital gains. In an acquisition or sale, the government tax is 5%. Simple and transparent, Mauritian taxation has a single tax rate of 15%. In addition, property tax (or housing), property tax and inheritance tax do not exist.
How to invest in a Mauritius real estate program?
To start, you have to determine your budget. Please note that for a minimum purchase of 370 000 $, you get a PRP (« Permanent Residence Permit »). So you have a life resident status. To define your envelope, you must take into account elements such as the debt ratio, the contribution or financial assistance. Find out also on the loan terms of your bank. In parallel, be interested in the local market.
Mauritius attracts a variety of buyers' profiles.
Pensioners are no longer the preferred target of promoters. Young people now invest as much as their elders. Result? The Mauritian real estate market includes offers tailored to all budgets.
To refine your research, interest in areas or regions. Clearly establish your needs and requirements (number of pieces, layout, surface, etc.). Once your expectations are defined, contact your agency and give him all the necessary information. The organization is responsible for your case.
What steps should be taken to invest in a Mauritius real estate program?
For starters, your agency is looking for real estate programmes Mauritius conforms. In this context, it compares offers and informs you of the potential of each project. This step requires asking the real estate developer. At the same time, your agency inquires about the investor. This control remains essential: in this way, you ensure the reliability of this promoter. Once this check is done, you can visit programs that meet your expectations. During this presentation, ask your questions and talk about your project. As an indication, know that your agency is defending your interests.
So feel free to express your doubts or needs. As soon as you have found your property, your agency strives to read the booking contract and study all the particulars of the transaction. It ensures that the dates are respected and that the delivery is consistent. In parallel, it guides you in all your steps and supports rental management. This tailored support guarantees a secure purchase.
Mauritius: the ideal place to invest
The ambient morosity causes the French to leave metropolitan territory. In response to the demand, the Mauritian government is developing the real estate market considerably. To attract foreign residents, the Ministry of Industry and Commerce promotes the construction of luxurious real estate programs (duplex, penthouse, villa with sea views, etc.). Moreover, it relies on its simplified taxation to seduce future buyers. But why choose Mauritius? Because the island is a strategic place (commerce, tourism, etc.). And the region presents an ideal living environment, for pensioners as well as for the assets. Between its sunny climate, its sumptuous scenery and its cultural richness, the island offers you a unique experience. So if you want to improve your quality of life by offering yourself a property for sale (or for rent), bet on a corner of paradise in the heart of the Indian Ocean.
A real estate program Mauritius, you are tempted, call us!
Further information:
- Here are some sumptuous real estate programmes Mauritius.
If you would like to know more about investment schemes in Mauritius:
- This is by Here
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