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Discover the Benefits of Investing in Mauritius' Booming Real Estate Market

Buy a house in Mauritius is a smart choice for international investors due to the tax benefits, favorable purchasing conditions, and booming real estate market. In this blog, we will explore these benefits and explain the principles to follow for non-citizens looking to invest in real estate in Mauritius.

Luxury house in Mauritius

What are the tax benefits of investing in Mauritius?

One of the most obvious benefits of investing in property in Mauritius is the tax advantage. The country offers a very favorable tax system for foreign investors, with a tax on rental income of only 15% and no tax on capital gains. Non-double taxation agreements with many countries, including South Africa, UK, Germany, Italy, Poland, are in effect. This is not the case in many countries, which means you can achieve a higher long-term return on investment.

How to buy a property in Mauritius if you are not a citizen?

The conditions for purchasing a house in Mauritius are favorable for foreign investors, we are currently a lot client buying property in Mauritius as a South African. Property for sale in Mauritius for foreigners are regulated, and you need to be aware how it works. Each time you will buy a property in Mauritius, you will need to obtain authorization from the Economic Development Board (EDB) to purchase, but don't worry, this step is usually simple, quick, and the notary takes care of everything. You will need to provide a list of personal documents such as certify copy of passport, birth certificate, marriage certificate, proof of address, bank letter and source of funds.

It is important to note that non-citizens do not have access to the entire real estate market in Mauritius. Often we have clients who are requesting beach house for sale in Mauritius, but they can't. Some real estate properties are exclusively reserved for Mauritian citizens and beachfront properties for sale in Mauritius for the majority of them are only for Mauritius citizens. However, there are several real estate programs open to foreign investors, such as the Integrated Resort Scheme (IRS), the Real Estate Scheme (RES), the Property Development Scheme (PDS), the R+2, and the Smart City.

These projects offer a wide variety of properties, ranging from luxury villas, spacious Maison to high-quality apartments, penthouses and duplexes. The house prices varies in Mauritius varied depending on location, size and type of property. But if you want to find property for sale in Mauritius for non-resident, you will get the choice and get resident permit if you invest more than $375 000. Is it not good news !

Why use a real estate professional?

Now, let's talk about the importance of using a real estate hunter or a real estate agent in Mauritius, who will present you with houses for sale in Mauritius. First of all, a real estate hunter or real estate agency in Mauritius knows the real estate market well and can help you find the perfect property for your needs. They can also negotiate prices for you and help you navigate the complexities of buying property abroad. They know all the regulations related to purchasing and will help you take into account additional costs, such as notary fees and agency fees, when evaluating your investment.

It is important to note the difference between an estate agent and a real estate hunter. Real estate agencies usually have lists of properties for sale and can help you navigate the local real estate market. However, a real estate hunter works for you and focuses on finding the ideal property to meet your specific needs. They can search for properties that are not on the market and often have an extensive network of contacts in the real estate industry to find the best possible deals. Real estate hunters can also provide expert advice on neighborhoods, schools, and local amenities to help you find the ideal property. Ultimately, the decision to work with a real estate agency or a real estate hunter depends on your personal preferences and investment goals. The real estate sales market in Mauritius is well-developed, it is up to you to make the best choice of the partner and real estate advisor that suits you.

In summary, investing in property in Mauritius is an excellent decision for foreign investors due to the tax benefits, favorable purchasing conditions, and booming real estate market. With the right real estate programs, principles to follow, and a good understanding of the market, you can invest with confidence.

Don't hesitate to contact me for expert advice: WhatsApp +230 5474 0302

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