Real estate industry
The Mauritian real estate industry is looking forward to registering a significant growth in 2018. A perspective welcomed by the industry’s man stakeholders cheered up by the good results obtained last year. In fact, the premium real estate market in Mauritius owes its success not only to properties which match investor’s criterias but also to the high end service and attractive fiscal policies as well as a broader visibility on the international market. As a result, though French and South African buyers remains among country’s the top investors, Mauritius has seen, in recent years, a number of Russian and Chinese buyers arriving on the market.
This increased visibility has been made possible by the setting up of international real estate agencies. These agencies, through their catalogues which can be accessed online, has enabled properties’ price on the island to increase significantly as the demand rocketed. And while the beach front villas remains favored by investors, other types of properties, much more intimate, are also subject to high demand.
It is no surprise then that promoters and real estate agencies receive on a daily basis requests from foreign investors. “Apartments represented 11% of our sales in 2016 and 36% of our sales from January to October 2017. These figures show an appetite for the premium real properties in Mauritius”, a local real estate agent specialised in French and South African expatriation declared. “We have also noted a significant increase the sale of residential houses and villas to Mauritians as the figures went from 11% n 2016 to 17% in 2017”, he added. 2018 will no doubt, as per the feeling of the market’s main stakeholders, be a good year for the local real estate industry.
