You want to make a home purchase in Mauritius. Yes, you have surely been amazed by its beautiful landscapes, and especially its beaches of exceptional beauty. Mauritius is a place where the cost of living is much lower than France. This is one of the reasons why some people decided to settle there permanently. Do you have this project, too? If so, reading this article will be very useful, as we will see what are the conditions for purchasing a house in Mauritius. But first, let's see why it is beneficial to settle in this island of the Indian Ocean.
Why invest in Mauritius?
1- Paradise on Earth
As we mentioned in the introduction, Mauritius is a place that attracts many people, because the living environment is really nice, but above all, because the cost of living is much lower than other parts of the globe. For example, for a person who is in retirement or working on the Internet, or telework, this is a beautiful eldorado!
2- Ecology
In addition to the financial aspect, the ecological aspect must also be taken into account. Indeed, on this paradise island, emerges a new state of mind and you have more opportunity to invest in a green real estate project, which is really beneficial for this beautiful region. Some houses or apartments with sea view are built with ecologically friendly materials such as stone or wood. These constructions meet current standards, so you can be sure to have a home that will offer you a real long-term savings.
3- A love of people
I mean, if we talk about the place, it's really about a paradise island, where the population has a real love of abroad, and therefore, where you can feel really comfortable.
We were able to analyse some interesting reasons dinvesting in Mauritius. These reasons probably made you want to know more about this project. You may wonder what the conditions are for buying a house in Mauritius. Well, now we're going to take a closer look at this.
You should know that these are the same conditions for purchase apartment island Mauritius
What are the conditions for buying a house in Mauritius?
It is important to know that it is really easy to settle in Mauritius since the Mauritian government has facilitated the installation process. Everyone can settle in Mauritius by investing in real estate, but of course, under certain conditions. This is what we will now share with you.
Prior to 2015, there were different types of possible purchases for foreign nationals, such asIRS procurement, buy RES or buy IHS. Today, these real estate buying programs have been replaced by a single investment program, the Property Development Scheme (PDS). It is therefore by studying this real estate program that you can know the conditions for buying a house in Mauritius, and therefore to be able to subsequently have a residence permit in Mauritius. So let's find out what's in the PDS program.
Characteristics of the Property Development Scheme (PDS)
This real estate programme Mauritius includes mainly investment in so-called luxury construction, which must be made on an area of at least 220 m2. In this residue at least 6 dwellings are built. In addition to housing, there must also be facilities for sport, entertainment, green spaces and other quality facilities. Before taking steps for an investment in Mauritius, it is beneficial to analyse the projects that have been accepted.
To do this, to be helped by a real estate agent working on this type of real estate program in Mauritius.
In addition to the characteristics concerning the real estate In itself, it is important to know that in order to benefit from the PDS program, you must collect at least âŹ3,000 per month, whether it be salary, an annuity, an allowance, rent, etc. It is therefore important to prepare your project properly in order to have every chance to see your project accepted. Indeed, your investment file must be accepted so that you can complete your project. That is what we are going to talk about now.
Board of Investment (BOI) study
Once your file is ready, you will have to hand it to the Board of Investment, the entity dealing with the acquisition of real property by a foreign national. Once the file is filed, you will have to wait a few days before you get an answer. For this, it is really beneficial to get help from a real estate agency.
Why do you have to be helped by a real estate agency to succeed in buying a house from the Mauritius?
If you really want to settle in Mauritius, and therefore, to invest in a real estate, know that to make it easier for you, the search for the suitable real estate, the Visa applications , it is beneficial to turn to a local real estate agency.
Indeed, some real estate agents are used to managing customers regardless of their country of origin, and therefore, to guide and advise you on buying a home. So choose an agency with skills and an international vision.
Attention: the conditions for purchasing a house in Mauritius may change. Think about looking at real estate professionals in advance
For more information, please visit our page living on the island of Mauritius conditions and formalities
If you wish, I am at your disposal, doc- don't hesitate to contact our real estate agency Mauritius.
You can visit our site, we have many houses for sale in Mauritius. You will certainly find your happiness; Whether in Grand Bay, Tamarin, Flic en Flac or elsewhere.
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