Buy Property In Mauritius

South Africa is a mere 3 500km from the paradise island of Mauritius, and it takes just under 4 hours to get there on a direct flight. It doesn't take much convincing to draw you to Mauritius, and the potential prospect of owning property on this magical island is an utter dream.

buy property in mauritius

In the last few years, the Mauritian government has put time and energy into developing investment schemes that create the opportunity for foreign nationals to own residential and commercial property. These schemes are designed to facilitate and foster foreign direct investment.

The latest amendments are incredibly positive for South African investors as the amendment carries with it a much lower minimum investment amount than other more costly schemes. So how exactly can South Africans max out all there is to offer and invest in property in Mauritius?

Looking for a luxury villa in a resort? The Integrated Resort Scheme (IRS) offers foreign investors and companies the opportunity to purchase upmarket villas up to 5 276 square meters (1.32 acres) in size. Incepted in 2002, the Integrated Resort Scheme (IRS) under the Companies Act (of Mauritius) 2001, encourages the development and sale of luxury residential and resort property in locations set aside by the government.

Foreign nationals are eligible for this scheme as long as they can secure an IRS property and invest a minimum of R7.3 million rand (US$500 000) excluding any relevant taxes. In addition, during the entirety of property ownership, this purchase ensures that the investor and their family holds a Mauritian residency permit as well as a tax resident permit.

If you're not looking for something as grand as a luxury high-end villa, the Real Estate Scheme (RES) is a scaled down version of the Integrated Resort Scheme (IRS) that offers investors a chance to engage in smaller scale property development. With the RES there is no minimum investment threshold making this a much more affordable option for those still looking to experience Mauritian life. One of the essential criteria is that total land ownership by any individual needs to be less than 10 hectares and that individual sites should not exceed 1 acre.

Starting in 2005, the Property Development Scheme (PDS) is the latest instalment by the Mauritian government to encourage foreign investment, and it allows for various types of residential development by foreign investors. PDS is a combination of the core elements of the Real Estate Scheme (RES) and the Integrated Resort Scheme (IRS). For all new developments and real estate projects, the PDS scheme has not replaced the IRS and the RES but merely presents different buying options for those interested in investing; such as the option to buy property less than MUR6 000 000.00 (equivalent to around R2.3 million).

Initially, 25% of all units were to be set aside for Mauritian nationals and members of the Mauritian Diaspora. However, this is no longer the case after amendments made to the PDS in 2016 and 2017. Now all property units can be purchased by foreign nationals wanting to invest, and there are no restrictions on the maximum land area owned.

As part of the PDS, permanent residency can be pursued by purchasing a property. The value of the property needs to be higher than US$375 000.00 which has been significantly reduced from the previous minimum of US$500 000.00.

The permit is maintained throughout property ownership, and it must be noted that should the property be sold, the residency will be forfeited. The greatest benefit of this permit is that property owners immediately qualify for a 20 year residency permit even when the property is still in development or purchased merely for investment. This is excellent news for those looking for a relatively easy route to permanent residency abroad.

The luxurious villas all border the canal that runs through the village. These international-standard developments incorporate large open spaces as well as top-notch leisure and recreational facilities. This high end Mauritius Single Family Home is comprised of 5 bedrooms and 5 baths. A villa as your residence allows you to enjoy the privacy of its deck, terrace, or garden. Portfolio by Savills seamlessly blends the latest trends, inspirational lifestyle content, and the worlds finest properties with the expert insight and analysis you would expect from Savills. The Mauritian government actually has several conduits allowing foreign investments in real estate. Find more luxury properties in Mauritius or search for luxury properties for sale in Mauritius. In addition, it has a transparent and well-defined investment code and legal system. Contact a local real estate agent who can help you choose which of Mauritiuss foreign investment schemes suits you best. In addition, the price point must be a minimum of MUR 6m or its equivalent in a hard convertible foreign currency. .mapContainer .citiesListContainer ul li a Since its creation in 2007, 2Futures has attracted numerous local and foreign investors and more than 500 international clients from 16 different countries. Importantly, foreigners may only buy Mauritius real estate in certain government-approved schemes designed specifically to attract investment from overseas buyers. float: left; Worry-free living comes with a villa as your residence, too. There is no restriction on the repatriation of funds or revenue received from its sale or rental. Furthermore, check on facilities such as the completion date of the swimming pool, particularly if you are buying a home in a residential complex. Whatever your needs, we have someone who can help. Mauritius Property & Real Estate Eur 5,000,000 Luxury villa for sale in Tamarin on the west coast IRS More info 970 000 USD Luxury villa for sale in Mauritius Anahita IRS resale 3 bedrooms More info RES Osiris RES project in Mauritius Black river luxury villas - More info House for sale & rent Rs 12 900 000 Newly built House for Sale in Grand Gaube 12 Photos Mapped POA 4 Bedroom House For Sale in Petit Raffray 4 4 0 Land Size 7,893m This property of 7893m2 is situated in the heart of Foret D'aruty. Fully developed and operational properties divided as follows: one 3 bedrooms villa with private pool and two 2 bedrooms duplex with common. It is wise to deal with the likes of 2Futures, the no.1 real estate developer in Mauritius. Today it. margin-bottom: -25px; As you cant be sure that the dates of transfer and occupation will coincide, you might have to set money aside for occupational rent. Examples of this include: setting your privacy preferences, logging in to your Savills account, or filling in forms. Please refer to our, 3 bedroom Apartment / Flat For Sale in Trou Aux Biches, 2 bedroom Apartment / Flat For Sale in Trou Aux Biches, 3 bedroom Apartment / Flat For Sale in Tamarin, Vacant Land / Plot For Sale in Grande Rivire Noire, 5 bedroom House For Sale in Grande Rivire Noire, 2 bedroom Apartment / Flat For Sale in Flic En Flac, Vacant Land / Plot For Sale in Flic En Flac. Get notified before the public when theres a new launch. Our virtual options are still available if your prefer. margin-left: 60px; 7 Bedroom House for sale in Flic En Flac. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. You have been charmed by a particular property or maybe you are seeking one suiting your taste, budget or precise criteria? Create Alert. Savills Plc is listed on the London Stock Exchange within the FTSE250 index. This exceptional property, located in the Lunea' phase, extends over more than 450 m2 and is a veritable haven of peace and tranquility. This exceptional 422 m2 villa is ideally located in the luxurious golf estate that sprawls over 213 hectares of tropical gardens on the east coast of Mauritius. Exchange rates are subject to continuous change. To be eligible to purchase Mauritius real estate, a foreigner must obtain prior approval from the countrys Economic Development Board (EDB). MUR60,000,000 $1,294,498. Ideally located in Grand Bay, North of the Island, the development of La Timonerie des Cannoniers is selling off plan and now taking reservations. Living in a villa is the epitome of a comfortable and private lifestyle. Cookies are a small file saved on your computer that help store preferences and other information thats used on the web pages you visit. The easiest way to buy a property in Mauritius is to get in touch with a 2Futures consultant who will guide you throughout the process, refer the best partners for your project, and answer your pressing questions with accuracy. View our selection of houses, apartments, flats, farms, luxury properties and homes by our knowledgeable Estate Agents. See below for further information about the categories of cookies used on our site and your current preference settings. Please verify your email address before signing in. Mer et Demeures: sea view and waterfront real estate for sale on meretdemeures.com. 15 Floor Size: 330 m Erf Size: 730 m Rs 27 000 000 Vacant Land / Plot for sale in Bell Village Plot of land of 750sqm for sale in Port Louis. The well-designed sumptuous penthouses with rooftop terrace are perfect to open up to the spectacular island and sea views of Mauritius. Our properties are GFA certified, and backed by a solid guarantee. What does the census tell us about housing affordability? The pricing of G+2 apartments starts at a relatively more affordable level for those just new at real estate investing. Mauritius Property & Real Estate Eur 5,000,000 Luxury villa for sale in Tamarin on the west coast IRS More info 970 000 USD Luxury villa for sale in Mauritius Anahita IRS resale 3 bedrooms More info RES Osiris RES project in Mauritius Black river luxury villas - More info House for sale & rent Rs 12 900 000 Newly built House for Sale in Grand Gaube Top 10 real estate sustainability trends to look out for in 2023. Foreigners are eligible to buy a property under these schemes, and with a purchase under the IRS, they can rent out the residence. 2021 Two Futures Realty, Ltd. All rights reserved. 2Futures is the largest developer of luxury residential and commercial properties in Mauritius. On the ground floor, 2 bedrooms with en-suite and From This applies for the dependents of the buyer as well. Water and electricity on site. This will also help you secure a higher rental. At Savills, our most valuable resource is our people. Family villas for sale in Flic en Flac. 4 days ago . Amazing opportunity to create different projects on this land. Book a free, no obligation market appraisal for your property today. Beds: Buying a home in an IRS for a minimum USD 375,000 makes noncitizens and their dependents eligible for a residence permit. Savills plc, incorporated and registered in England and Wales. Vente en tat Futur dAchvement (VEFA) enables investors to buy property in Mauritius off-plan. enables investors to buy property in Mauritius off-plan. All dimensions are approximate and have not been verified by the selling party and can not be verified by Sotheby's International Realty Affiliates LLC. All villas provide direct access to a large terrace and exterior area. This superb seafront Four Seasons villa offers 5 en-suite bedrooms and benefits from ideal privacy provided by the bordering mangroves. Bel Ombre is situated on the South West Coast of Mauritius, TAMARIN BEACH FRONT PROPERTY FOR SALE980m2 of land. font-size: 14px; LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement . Check your spam folder if you did not receive a verification email or click below to resend it. Tamarina is only 25km south 2023 Zoopla Limited. we offer villas, houses, apartments and land for sale. International Mauritius Property for Sale in Mauritius List Map Pamplemousses Plaines Wilhems Black River Order by: Latest Low Price High Price 1-20 of 263 results Latest 9 AUD $2,389,601 MUR 74,210,904 House 4 4 290.00 m2 Tamarin, Black River, Address available on request Latest 11 AUD $5,502,370 MUR 170,880,371 House 5 554.00 m2 All rights reserved. Welcome back! font-size: 16px; list-style: none; Rs 14 500 000. The number of villas for sale in Mauritius has risen in the last decade as they are standout units amongst the countrys real estate developments. Penthouse apartments in Mauritius enjoy this advantage because of the forward-looking building code on the island. The company has a growing portfolio of outstanding commercial and residential property developments in the North and West coast of the island. Home; Need expert advice? JamesEdition can help you find the home that match all the preferences for your dream home. Our virtual options are still available if you prefer. We will keep you up to date with our projects going forward. 2 plots available, 5294 & 7329 respectively. padding: 0px; 211040 m² residential vacant land for sale in Albion (Mauritius) . Savills is at the forefront of exploring and developing new capabilities, bringing together people and technology to push boundaries and take real estate to a new level. Mastering the steps towards ownership of a Mauritian residence is essential. Beachfront leasehold land for sale in Pointe aux Sables with breathtaking sea views and easy access to Port Louis and other surrounding Just over 35 arpents of agricultural land situated in close proximity to la Nicolire Dam. There are currently 1,428 luxury homes for sale in Mauritius on JamesEdition. One next to the other. Mauritius North Coast Grand Baie. From Texas Real Estate Commission Consumer Protection Notice, Texas Real Estate Commission Information About Brokerage Services. By the time early-bird buyers celebrate the completion of their new home and move in, their investment will already be more valuable. And for a new investor, a choice to buy an apartment in Mauritius would be one smart move. Sort: Exclusive (Default) One & Only, Le Saint Gran- The Blissful Belle Mare, FQ, Mauritius $13,600,000 6 Bedrooms 6 Bathrooms Marketed By Mauritius Sotheby's International Realty The Glorious Beau Champ, FQ, Mauritius $13,400,000 Its nicely done finishes are effortless paired with an open-plan design whilst ample natural sunlight. Our services cover a broad range of property sectors. Our reputation is built on providing the . or Property Development Scheme (PDS). *Converted price in your currency provided by Open Exchange Rates. This feature also brings a touch of luxury and sophistication to the way you live. margin-top: 15px; All rights reserved. You can become a 2futures penthouse owner as from only $375,000! For any purchase above USD 375,000 (or the equivalent in another currency) a noncitizen may apply to the EDB for permanent residency and is exempted from the requirement of a work or occupation permit. In addition, they can become tax resident in Mauritius. Recently renovated and expanded, the property boasts exquisite living spaces from which to enjoy the fantastic panoramas on the large 15x4m swimming pool, hole n4 of . Foreigners may buy apartments outside the approved residential schemes. Owners are allowed to rent their property. Welcome to the lush oasis that is Ek Savannah. Pam Golding Properties has been active in Mauritius for close to 20 years. 5 Bedroom House for sale in Pointe Aux Sables, Coastal Road, Pointe Aux Sables, Port Louis, 3 Bedroom Apartment / Flat for sale in Tamarin, 1 Allee des bois reinettes, Tamarin, Tamarin, No. .mapContainer .mapWrapper We may also use information recorded by these cookies to see how well these adverts are performing. I accept the terms of use and privacy policy. Sort by My Shortlist (0) Properties per page. Many are keen to buy property off-plan that better suits their changing needs. The latest UK and international property market news and opinions, plus helpful guides and top tips from our renowned industry experts. There are steps you can take to make navigating this difficult time a little easier. Corner Colonel Dean and La Jet, Black River, Mauritius. Portfolio has property at its heart, and wed like you to be part of it. Up-to-the-minute news from our press teams providing the latest developments within Savills, and across the property industry. realtor.com recommends that you independently verify any information before relying on it. Who can buy under the Property Development Scheme? All Rights Reserved. It has a manicured garden and a corridor view of both Villa One brings you the most exclusive address on the Island. The average price per square meter is . London ; Melbourne ; New York ; Hong Kong ; Malaga-Andalusia ; Lifestyles Find out more about strictly necessary cookies here. The agreement provided for the licensing of the Sotheby's International Realty name and the development of a full franchise system. Crown copyright 2023. Welcome! The brand is owned and managed by Timo Geldenhuys and Chris Lazare, with two offices located in Black River and Grand Baie. A service provider manages the whole property development, giving you plenty of time to enjoy all its amenities. The 3 bedroom. However, apartment units built under its. These luxurious developments are usually smaller residences comprising villas, penthouses, duplexes and apartments. Exceptional 589m2 villa ideally located in the Solaia neighbourhood with view of the lagoon. Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby's International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. To that end, the Mauritius government encourages entrepreneurship and invites foreign investment in a broad range of industry sectors. Nearby cities Beau Champ (0,7 Km) Luxury villas, penthouses, apartments and more for sale. Noncitizens need the following documents to apply to buy property in Mauritius: There are now about 150 real estate projects available under the schemes made possible by the Mauritian government since 2002. . The first phase of a new development is always competitively priced to get sales going. Therefore they will see accelerated capital growth compared to investors who buy when the development is established. The world's largest source of international properties. }. } Notarial services are a must. This fabulous brand new villa is built on a wide 2023m2 plot with views of the mountain. Each Office is Independently Owned and Operated. Mauritius is ranked first in Africa and 13th worldwide in the World Banks 2020 Doing Business Report. If youre in the market for a residence in Mauritius, do your homework to find the ideal match. Use our tool box which contains useful tools, not to say essential, when it comes to real-estate transactions: our surface and currency convertors, our real-estate barometer and our property loan simulator. From integrated sustainability to engagement rather than avoidance. The choices for a property in Mauritius for foreigners come in different price ranges and residential styles. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. Data on sold house prices provided by Land Registry/Registers of Scotland. 2Futures is the largest Mauritian developer of luxury residential and commercial properties with roots in property development and management solutions. This 6 storey office development is situated in a prime location on the outskirts of Valentina. One&Only Le Saint Gran, Poste De Flacq, Mauritius, Cap Malheureux, Cap Malheureux, Mauritius, Akasha Project Mauritius, Akasha Project, Mauritius, Tamarina Golf And Beach Estate, Tamarin Bay, Mauritius. Mauritius attracts a steady number of high-net-worth individuals (HNWIs), many of whom invest i