Mauritius, a Real Estate Destination

Mauritius, a Real Estate Destination

Over the last years, Mauritius emerged as one of the popular destinations among tourists, expats and investors. Its lush landscape, endless beaches ideal climate as well as advantageous Governments’ schemes and the promise of a luxurious island lifestyle are among the few reasons that make the island a popular investment destination.

With a multiracial community, Mauritius takes pride in being a cultural melting pot. Political and economic stability remains one of the main assets of Mauritius. For over 25 years, Mauritius’ economy has flourished, and the government set up different schemes such as the IRS (Integrated Resort Scheme) RES (Real Estate Scheme) & PDS (Property Development scheme), to encourage foreign investment.

The country opted for a simple and advantageous tax policy with no imposed taxes on real estate properties.  Different schemes are proposed to buyers; such as the IRS (Integrated Resort Scheme), RES (Real Estate Scheme) & PDS (Property Development scheme), investors can buy a luxury villa or apartment and enjoy of the “no double taxation” with various countries including South Africa, United Kingdom and Belgium. Once the registration duty is paid, should you have a revenue by renting your property a flat 15% income tax will be collected, Through, the purchase of a residence under the above-mentioned schemes for a minimum price of 500,000 USD or more, buyers benefit from a permanent residence permit, also allocated to their dependents.

With available flights throughout the world, living on the island is the opportunity to indulge in an exclusive lifestyle.

In Mauritius, it is summer almost all year long! Nestled in the middle of the Indian Ocean, the island has undeniably one of the best climate expats dream of. The country enjoys an average day temperature, varying from 20 degrees in August to 26 degrees in February (The temperature can rise to 30 degrees on the coastal areas).

Mauritius is a bilingual destination. The official language is English, but Mauritians speak both English and French. Though their mother tongue remains the local language named as “Mauritian Creole”.

If you are looking for a secure, reliable and lucrative investment environment or simply a second home, Mauritius has all facilities of a modern lifestyle without any of the hassle.

For more information on the real estate market in Mauritius and to find your dream property, please contact us:

Fine & Country Ile Maurice

(+230) 268 1780

mauritius@fineandcountry.com