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Advantage of buying property in Mauritius
The Mauritius National Institute of Statistics (MIS) has released statistics in 2017 on the buyer and property in Mauritius. This article examines the advantages of buying a property in Mauritius and presents the most recent data.
Local and foreign buyer
Most buyers are Mauritian citizens (71%), followed by non-resident foreigners (19%). Among foreign buyers, India (11%) is in the lead, followed by the United Kingdom (7%), Canada (6%) and China (4%).
Property type
Apartments represent 51% of properties in Mauritius, ahead of terraced houses (23%) and houses (22%). Note that high-end villas are available on the island's real estate market.
Advantages of real estate in Mauritius
Mauritius offers many advantages for its buyers. The quality of life in Mauritius is one of the main advantages, and the island offers all the comforts and access to high-end infrastructure. Another advantage is the tax rate set at 15% of gross income. Furthermore, for a real estate investment, the advantages offered are greater than elsewhere, particularly with the status of Mauritian resident to which many other advantages are affiliated.
Exchange rate
The exchange rate is even more attractive for foreign buyers. The Mauritian currency, the Mauritian Rupee (MUR), has strengthened in recent years and is closely linked to the Indian currency, although the exchange rate can fluctuate depending on the monetary and economic policies of the central banks of both countries.
In conclusion, buying an apartment, a house or a villa in Mauritius is interesting for investors, thanks to the stable and economic situation, the interesting tax advantages and the favorable exchange rate.
Expatriation-Maurice specializes in supporting the Expatriation process in Mauritius and provides you with information to help you in this article.
Advantage of buying property in Mauritius
The Mauritius National Institute of Statistics (MIS) has released statistics in 2017 on the buyer and property in Mauritius. This article examines the advantages of buying a property in Mauritius and presents the most recent data.
