Mauritius is highly sought-after by SA property buyers, some for residency purposes, but increasingly for holiday/second homes, retirement and relocation.
With the recent changes in the Mauritian government's property investment legislation, it is now a lot easier to invest in residential and commercial property on the island and there is an increased amount of developments available for SA buyers to invest in, both residential and commercial.
Mauritius now boasts top class infrastructure including an excellent banking sector, strong economic growth and a favourable investment and tax climate and is regarded as one of the easiest places to do business in.
Construction and real estate is regarded as one of the fastest growing industries on the island
Property on the island is regarded as an excellent investment and if you invest early, you can general benefit from excellent capital growth. There are limited opportunities to invest, especially in prime seafront developments.
According to New World Wealth Mauritius is one of the fastest growing wealth markets in the world and property values have grown by anything upwards of 30%-40% over a five-year period in the new developments for foreign investors.
Aside from own-use buying/investing opportunities, the island has a busy tourist sector for holiday rentals as well as long-term rentals, so the opportunities are diverse
South Africans tend to invest between MUR 6 500 000 and MUR 20 000 000 which equates to approx. ZAR 2 628 000 to ZAR 8 100 000.