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Île Maurice

The advantages of real estate investment in Mauritius

The benefits of investing in Mauritius

Why buy a villa in Mauritius ?

There are several reasons why investing in real estate in Mauritius can be an attractive option:

  • Growth of the real estate market:Mauritius is experiencing significant growth in the real estate sector, particularly in hotels and tourism. This attracts many foreign investors looking to buy vacation properties, second homes or rental properties.

  • A stable economy:Mauritius has a stable economy with sustained economic growth for several years. In addition, the country has a favorable regulatory environment for foreign investors, which makes investing in real estate more attractive.

  • Attractive tax benefits:Real estate investors can benefit from attractive tax advantages.

Villa avec piscine Île Maurice
Île Maurice
  • Attractive property prices:Property prices in Mauritius are generally lower than in many other holiday destinations, providing an affordable investment opportunity.

  • Growing demand:Mauritius is experiencing a growing demand for luxury and quality real estate, especially in certain areas 

  • An attractive living environment:Mauritius offers a pleasant living environment with a magnificent natural environment, white sand beaches and a warm tropical climate all year round. This makes it a popular vacation and retirement destination, increasing demand for real estate.

Don't miss the opportunity to own a property in Mauritius and enjoy an exceptional quality of life.

An attractive tax system

Agreement

Non-double taxation agreement with more than 46 countries in the world

Income tax

 

Tax on rental income 15% compared to 45% in France

0%

No property tax
and no housing tax

Wealth tax

 

No real estate

wealth tax 

Inheritance tax

 

​No
inheritance tax

The real estate market

The acquisition of real estate is no longer reserved only for wealthy foreigners, different options are available to you. However, it is important to understand that a non-Mauritian cannot invest just anywhere.


The real estate market in Mauritius has remained dynamic during the period of health crisis that we are going through, real estate has remained a safe haven and profitable in the long term.


You are looking for a new quality of life that is more open to nature and the great outdoors. Mauritius has all these assets.

The Mauritian government has been able to detect these needs and now offers permanent residence at $375,000 instead of $500,000 previously for any purchase of a property in one of the 4 investment schemes provided for foreigners: Property Development Scheme (PDS), the Integrated Resort Scheme (IRS), the Real Estate Scheme (RES), the R+2 and SCS.


The permit remains valid as long as the purchaser owns the property. The permit is valid for the spouse (husband or wife) and children under 24 years of age.

Description of investment schemes

Villa - Île Maurice - IRS

IRS (Integrated Resort Scheme)
This model was set up in a second time to allow less expensive acquisitions than in the RES. Residential developments under this regime are smaller than IRS.

Villa - Île Maurice - RES

RES (Real Estate Scheme)
RES-type projects are the first to have been set up to allow foreigners to invest in Mauritius. The minimum investment was $500,000.

Villa - Île Maurice - PDS

PDS (Property Development Scheme)

The PDS replaced the IRS and RES schemes in 2016. It attracts many investors and retirees wishing to settle comfortably on the island.

Villa - Île Maurice - G+2

G+2 (Ground +2)
The Non-Citizens (Property Restriction) Act allows foreigners to invest in a condominium apartment located in a building with at least 2 floors. The sale price must not be less than MUR6 million (or the equivalent sum in another currency).

Villa - Île Maurice - SCS

SCS (Smart City Scheme)

Mixed program (residential, commercial, educational, medical and leisure spaces) launched in 2015, focusing on innovation, sustainable development, efficiency and quality of life. Holders of a work or residence permit can purchase a plot of serviced land for residential use.

How to invest and buy a villa in Mauritius ?

Before starting your search, it is important to define your needs and expectations.  What type of property are you looking for, what is your budget, what are your housing ideas, etc.  Based on these criteria, you will be able to evaluate the different options that will be presented to you by your real estate agent.


Location is a key factor to consider in your search. If you appreciate the proximity to services, you should favour properties located in central areas. If you prefer quiet residential areas, you can opt for properties located in exclusive areas. Sandra Colas Real Estate can advise you on the different neighbourhoods and help you find the property that best suits your needs.


In summary, searching for a property abroad can seem intimidating, but by following these tips and working with me, you can be sure to find the property of your dreams that meets all your needs and allows you to experience something unique. Here is some additional information that may be useful for your real estate acquisition in Mauritius:

Plage - Île Maurice

• The reservation contract can be signed remotely, allowing you to reserve your property without being physically present.

• The deed of sale must be signed at the notary's office, but if you cannot be present, you can be represented by a proxy.

• The reservation contract has a limited duration, which depends on the amount of the deposit paid. If you do not sign the deed of sale within this timeframe, you can recover your deposit or extend the reservation contract.

• For the projets off-plan (VEFA), t is mandatory to obtain a Financial Guarantee of Completion (GFA) from a reputable bank in Mauritius. This guarantee will cover the project in the event of the developer's default.

• The residential permit application is only made once the deed of sale is signed.é.

• If you need financing for your acquisition, you can apply to a bank in Mauritius which may grant you a loan of up to 60 to 70% of the acquisition amount, depending on your debt capacity and income. The loan amount is disbursed by the bank once your share has been paid.

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