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.
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
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.
If you aspire to embrace a luxurious and comfortable lifestyle under the tropical Mauritian sky by purchasing or renting a property, please don’t hesitate to contact us at email@example.com.
Published on September 29, 2023 by Laetitia Melidor
Rental Properties in Mauritius – The Guide
If you're thinking about moving to Mauritius and want to check out the island before committing to buying a property, it's a good idea to look into renting. Wondering which areas to explore? Curious about the types of rental properties available to foreigners and their costs? We've got your questions covered.