Niche Property in Mauritius

API Mauritius Property Forum

``There is an open door for niche property sales in Mauritius,`` says Timo Geldenhuys

Exploring prospects and market trends, the API Mauritius Property Forum, held on September 14th, attracted 250 participants, including international and local real estate developers, investors, property experts, hospitality operators, and prospective homebuyers.

Themed “Sustainable Cities and Real Estate Development,” the event featured over 50 speakers, including Timo Geldenhuys, Partner at Mauritius Sotheby’s International Realty, who shared their insights on the performance of Mauritius’ real estate market and the potential for niche property sales in the country.

Market Performance

In 2022, the property sales value in Mauritius witnessed an impressive growth amounting to MUR 15.4 billion. Also, a sectoral growth of 1.8% is expected in 2023

Notably, Mauritius is becoming increasingly appealing to High Net Worth Individuals (HNWIs) seeking niche properties, whether for relocation, investment opportunities, or holiday homes. “ While USD 10 million property sales may not become a recurrence, there is undoubtedly a growing demand for properties valued between USD 5 million and USD 10 million, driven by emerging markets. Additionally, Mauritius boasts renowned international luxury property brands, attracting a discerning clientele to the island,” remarks Timo Geldenhuys.

Discover: One & Only, Le Saint Géran- The Harmony

Price: USD 6 700 000

Ecological Development in the Property Sector

While property developers are progressively adopting eco-conscious practices and incorporating green features into their developments, the current demand for fully sustainable homes on the island remains relatively low, primarily due to associated costs and potential effects on final pricing. However, this remains a trend to be closely monitored.

Niche Property in Mauritius

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Published on September 29, 2023 by Laetitia Melidor