Buying Property In Mauritius
The Real Estate Market In Mauritius
The real estate market in Mauritius is growing, with increasing demand for properties from both locals and foreigners. This has led to a steady increase in property values over the years, making it a promising investment opportunity.
Whether you want to buy property for sale, apartment for sale, villa for sale or house for sale in Mauritius, the market has a wide range of options depending on your preferences and budget.
How To Buy Property In Mauritius As A Foreigner
Rules For Buying Property In Mauritius
Foreigners are allowed to buy property in Mauritius, but there are restrictions on certain types of properties. For example, non-citizens are not allowed to purchase agricultural land. For foreigners looking to obtain a Residence Permit in Mauritius, the minimum investment amount is USD 375,000 in a property.
Foreigners are allowed to buy properties such as apartments, villas, and penthouses in Mauritius in designated schemes namely the Integrated Resort Schemes (IRS), Real Estate Schemes (RES), and Property Development Schemes (PDS). These schemes are designed specifically for foreign investors and offer various benefits, including tax advantages.
Identifying the Right Property
Mauritius has a wide range of properties available for sale, from luxury villas and apartments to commercial properties and land for development. Depending on your investment goals, you will need to identify the type of property that is best suited for you.
When selecting a property, it is important to consider factors such as location, price, and potential for growth. Some of the most popular locations for property investments in Mauritius include Grand Baie, Tamarin, and Flic en Flac. We can help you identify the right location based on your investment goals and preferences.
Work with A Qualified Real Estate Agent
Working with a reputable real estate agent who has experience in the local market is crucial to ensuring a successful deal. A qualified agent can provide valuable insights into the Mauritian property market, assist with property search and selection, and provide guidance throughout the process.
We work with a network of experienced real estate agents and legal professionals who can assist you with every step of the process. We can help you negotiate the best possible price, draft the necessary legal documents, and ensure that the transfer of ownership is completed in a timely and efficient manner.
Consider Financing Options
If you require financing to purchase property in Mauritius, it is important to explore all of your options and work with reputable professionals who understand the local market. Buying a property in Mauritius as a foreigner can be challenging, however with the ability to take up a home loan, it can be a lot easier.
Foreigners do not need a residence permit in Mauritius to obtain a home loan. For more information, check out this page. It is advisable to consult a qualified financial advisor to better understand the loan terms and conditions before applying for a home loan. Contact us to get in touch with our partners.
Frequently Asked Questions
Yes, foreigners can buy houses and other types of property in Mauritius, subject to certain conditions and restrictions.
Foreigners can buy property in Mauritius by making a minimum investment of USD 375,000 in an authorised investment scheme or a minimum of MUR 6 million in a property consisting of at least two floors above ground level.
Yes, foreign investors are allowed to buy villas and other types of property in Mauritius, subject to certain conditions and restrictions.
There are several locations in Mauritius that are popular for property investment. The north of the island, including Grand Baie, is known for its stunning beaches and lively nightlife, making it a popular destination for tourists, young families, and retirees. The west coast, including Tamarin and Flic en Flac, is known for its serene environment and water sports activities, making it a popular destination for water sport lovers and tourists looking for a less vibrant environment.
There are a number of reputable real estate agents and agencies operating in Mauritius, many of which specialise in working with foreign investors. TBI Business Advisors can introduce you to experienced agents with a proven track record of success in the local market.