investir_immobilier_locatif_maurice_property_rental_mauritius_villa-vie

Why invest in property rental in Mauritius?

Mauritius has always been the talk of the town and has always attracted travellers looking for a holiday in the sun, but in recent years it has also attracted many foreign investors. Its geographical location, tropical landscapes, dynamic economy and tax system make Mauritius a great place to invest and develop your assets. Discover the reasons to invest in property rental in Mauritius and the advantages that this destination offers.

An idyllic living environment and an attractive tax system

Located in the southern hemisphere in the heart of the Indian Ocean, this island of 1,865 km 2 has everything to please: its sunny climate, its lagoons, its welcoming inhabitants, its lifestyle and its leisure activities of all kinds. Many people wish to expatriate there to work, invest or spend their retirement. It offers a pleasant and secure environment, close to nature, international schools, economic development facilities, and a growing health centre.

In addition to these undeniable advantages, Mauritius has a favourable tax system in terms of real estate investment:

– The absence of property tax and housing tax;

– No real estate wealth tax or capital gains tax in case of resale;

– No inheritance tax for direct descendants;

– A single tax rate of 15%;

– Double taxation treaties allowing locally acquired property and rental income to be taxed only in Mauritius.

A popular and high-end real estate sector

For the past fifteen years, the real estate sector has played an important role in the development of the country and has proved to be one of the strong pillars of the Mauritian economy. In order to attract more and more foreign investors, the government has set up 6 residential real estate programs to allow non-citizens to acquire a property in full ownership. There are currently more than 140 real estate projects, including 2-storey flats, penthouses and modern villas in residential complexes, as well as rooms or villas in luxury resorts.

These properties generally offer an exceptional living environment, beautiful finishes and open spaces, as well as a wide range of services and facilities: private and/or communal swimming pools, marina, beach club, golf course, restaurants, gym, caretaker service and maintenance of common areas, among others. Some property developers also offer a rental management service to ensure the best possible returns.

Everything is designed to give you peace of mind. At Villa Vie we have selected for you some twenty top-of-the-range property projects, each more beautiful than the last, in the four corners of the island, for purchase off-plan or for resale.

investir_immobilier_locatif_maurice_property_rental_mauritius_villa-vie

Investing in a rental project in Mauritius

Whether you are a foreigner or a Mauritian, investing in property rental remains a strategy considered by many, especially in times of crisis, and a good way to obtain an additional income while building up your wealth.

Mauritius has the advantage of welcoming more than one million tourists (excluding covid-19) every year, as well as a large flow of expatriates, making the real estate sector dynamic with holiday rentals and long-term rentals. Since 2020, the creation of a Premium long-stay visa has reinforced this craze.

To make a good investment, it is important to define your objectives. Here is a non-exhaustive list of questions to ask yourself before investing:

– Is the region attractive?

– Is the location strategic (close to amenities, access to the sea etc.)?

– Do I need a permit?

– What are the potential works, installations and maintenance costs?

– What is the return on the rental investment?

– Does the property meet demand expectations?

– What is the desired tenant profile (holidaymakers, retirees, expatriates, solo-entrepreneurs etc.)?

– Will I be able to realise a capital gain in the event of a resale?

– What does Mauritian legislation say?

In order to better understand the real estate market in Mauritius and not to leave any parameter aside when making a rental investment, do not hesitate to contact Villa Vie for a personalised assistance.

Sources : https://www.decouvrirmaurice.com/

Other articles