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Is it wise to buy an apartment in Mauritius?

Updated: Jun 9, 2023

Hello everyone! Today, we are going to talk about a topic that interests you since you arrived at my site: buying apartments in Mauritius. If you are looking for a real estate investment, you are in the right place. I will explain why Mauritius is an ideal destination for investing in real estate and what regulations and conditions apply to apartments for sale in Mauritius to make your acquisition easy. So, let's get started!

Apartment in Mauritius

Why invest in Mauritius?

Well, there are many reasons. Firstly, Mauritius is a choice destination for tourists. With its white sandy beaches, crystal clear waters, fascinating culture, the legendary hospitality of Mauritians, and delicious cuisine, Mauritius is a destination that attracts visitors from all over the world. This means that if you invest in real estate in Mauritius, you can rent out your property to tourists almost all year round with higher seasons than others and generate additional income. Furthermore, Mauritius is a politically and economically stable country. The government has put in place policies that encourage foreign investment, which means that you can easily buy property as a foreigner. In addition, Mauritius has a strong banking system and a growing economy, making it a safe place to invest. You can, if you wish to, take out a loan from local banks, rates will depend among other things on your personal contribution, the duration of the loan, your age and your financial capacity.

Investing in property in Mauritius: rules and conditions to be aware of

It is important to know that Mauritian regulations allow foreigners to buy an apartment or a penthouse in Mauritius but with certain restrictions. You must therefore be aware of these restrictions before looking for an apartment for sale in Mauritius. There are different types of real estate programs that are accessible to foreigners in Mauritius. Here are the main types of programs where you can buy an apartment or a penthouse in Mauritius :

Ground + 2: These types of apartments are located in buildings with at least 2 floors in addition to the ground floor. It is important to note that the amount of investment must not be less than MUR 6 million. Note that if the residence does not have a rental company or a rental license given to the syndic, you will not be able to rent your property on a short-term basis. So check it out!

The IRS and RES scheme: This real estate program is intended for people who wish to buy a villa in Mauritius or an apartment and house in a residential development. Owners can rent out their property for short-term stays through a rental company set up by the developer, or for long-term rental directly by the owner or through an agency if you wish.

The PDS scheme: This type of real estate program has replaced the old IRS and RES programs set up by the government, and is intended for people who wish to buy a villa, a house or an apartment in a luxury residential development. Renting is possible just like with the RES scheme.

Smart City: SCS (Smart City Scheme) Mixed program (residential, commercial, educational, medical and leisure spaces) launched in 2015, focused on innovation, sustainability, efficiency and quality of life.

In conclusion, investing in real estate in Mauritius is a wise choice for many reasons. With its natural beauty, stable economy, and growing real estate market, Mauritius is an ideal destination for foreign investors.

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

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