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Weather in Mauritius: What are the Cyclone Risks?

Weather in Mauritius

Weather in Mauritius: What are the Cyclone Risks?

Mauritius is a breathtaking tropical paradise known for its pristine beaches, lush landscapes, and warm climate all year round. However, one common question among travelers and potential homeowners is about the weather and cyclones in Mauritius. Understanding the island’s climate is crucial for those looking to visit or invest in real estate.

It’s interesting to note that the island is blessed with plenty of sunshine with the temperature varying between 17°C to 33°C approximately over the summer and winter period. 

Are Cyclones a Major Concern in Mauritius?

One of the most frequently asked questions is about weather and cyclones in Mauritius. As an island nation in the Indian Ocean, Mauritius is occasionally affected by tropical storms, but there’s no need to worry.

Cyclones in Mauritius are rare, and when they do occur, the island is well-prepared.

Mauritius has an efficient meteorological warning system, ensuring that residents and visitors receive ample time to prepare. The Mauritius Meteorological Services issue cyclone warnings in advance, allowing businesses, homeowners, residents and tourists to take necessary precautions.

Beachfront Properties and Storm Protection

Many investors and property buyers are concerned about the impact of cyclones and sea surges on beachfront properties. However, Mauritius benefits from natural protection that makes it one of the safest tropical island destinations.

A beautiful coral reef surrounds Mauritius, acting as a natural barrier against strong ocean waves and storm surges. This reef ensures that even during storms, the impact on the coastline is significantly reduced.

Strict Building Regulations for Safety

All homes in Mauritius, particularly those on the coast, are built to high structural standards. Architects and developers adhere to cyclone-resistant construction guidelines, ensuring that properties can withstand strong winds and heavy rainfall.

Live in Mauritius - A Climate Made for Paradise

Despite the occasional cyclone, the weather in Mauritius remains one of the biggest attractions for residents and visitors alike. The combination of warm tropical sunshine, cool trade winds, and spectacular ocean views makes it one of the most sought-after destinations for luxury real estate investment.

Planning to Buy a Home in Mauritius? Let’s Talk!

If you’re considering investing in a home in this tropical paradise, our team at Mauritius Sotheby’s International Realty is here to guide you.

Whether you’re looking for a beachfront villa, a mountain retreat, or a city residence, we provide access to the finest properties on the island. Contact us – info@sir.mu or visit our website – www.sir.mu 

Choosing the Right Real Estate Agent in Mauritius

Choose Your Real Estate Agent Wisely

Choosing the Right Real Estate Agent in Mauritius

When it comes to finding the perfect real estate agent, especially in a competitive market like Mauritius, making the right choice is important. With over 400 registered estate agents on the island, it’s natural to wonder: How do I choose the right one? How can I be sure I’ll get access to the best properties and services available?

This is where doing your homework matters. In this Vlog, Timo Geldenhuys – Director of Mauritius Sotheby’s International Realty, gives an overview of how to choose your real estate agent wisely.

The Importance of Choosing a Reputable Agent

So, why is it crucial to choose a reputable agent? Leading regional and global brands operating in Mauritius adhere to strict internal policies. Agents from these brands are not only well-trained and experienced, but also have a deep understanding of the local market. 

They often have access to a broad range of properties, including the latest developments on the island. Working with a recognised agency ensures you’re tapping into a network of trusted professionals who can offer valuable insights and access to high-quality properties.

One common pitfall is when clients start making inquiries with multiple agents, which can lead to confusion and duplicate property showings. This can make the process more stressful and less efficient. 

To avoid this, Timo’s advice is simple: pick one agent. Agencies like Mauritius Sotheby’s International Realty, among other leading firms, have access to nearly all properties available on the island, whether off-plan developments or resale.

A Dedicated Agent Makes All the Difference

Choosing a single, dedicated agent means you’ll have a professional guiding you through every step of the process. It’s not just about finding a property; it’s about having someone who understands your needs and can explain the various aspects of the market, while supporting you throughout your journey. By sticking with one agency, you ensure a more streamlined and personalised experience. 

Now, if for any reason the service isn’t meeting your expectations, you can always explore other options. But generally, a committed agency will offer unparalleled service.

Live in Mauritius

If you’re looking for a professional who will put your interests first and provide exceptional service, feel free to reach out to us – info@sir.mu

Can a foreigner open a bank account and transfer money?

Opening a bank account as a foreigner

Can a foreigner open a bank account and transfer money?

Valerie Lincoln, Private Banker, shares some insights

When planning to invest in property in Mauritius, one important question pertains to funds transfer.

Chris Lazare – Director of Mauritius Sotheby’s International Realty met Valerie Lincoln, Private Banker at AfrAsia to discuss the banking services available to foreigners in Mauritius. 

Opening a bank account as a foreigner is actually pretty easy. The process is relatively simple and requires only a few essential documents, such as a valid identification, proof of address, and in some cases, a bank reference letter. There is also a form to fill out. 

Generally, opening an account takes between 3 to 4 business days.

What about banking services?

Other than opening a bank account as a foreigner, another important information you will need concerns the banking services. Our banks offer a range of services tailored to the needs of foreigners, whether they are visiting, travelling for business, or considering settling in the country.

Bank accounts can be opened in multiple currencies, including the Mauritian rupee, euro, US dollar, and British pound. This allows clients to manage their finances flexibly according to their specific needs.

For those looking to invest or start a new life in Mauritius, it is possible to create various structures such as companies, which can also have their own bank accounts. These structures can be advantageous for optimising investments and benefiting from the island’s economic opportunities.

Can a foreigner take a loan in Mauritius?

Foreigners can easily obtain real estate loans to finance property acquisitions on the island. These loans can be granted in multiple currencies, depending on the client’s income, and the process is also relatively straightforward. 

Generally, banks can finance up to 70% of the property amount, but this percentage can increase to almost 100% if additional guarantees are provided. Financing can cover both built properties and off-plan projects, with funds called over a period of up to 24 months.

If you need more information, contact us – info@sir.mu

Cost of Living in Mauritius: All You Need to Know

Cost of Living in Mauritius

Cost of Living in Mauritius: All You Need to Know

Relocating to Mauritius can be an exciting adventure, offering a unique blend of tropical paradise and modern living.

However, understanding the Cost of Living in Mauritius is crucial for a smooth and enjoyable transition, mostly considering the benefits of Mauritius’s favorable tax regime.

This comprehensive guide will provide valuable insights into the key expenses you can expect to encounter as an expatriate, helping you plan your budget effectively and make informed decisions about your relocation.

Mauritius, a Popular Destination for Expats

Mauritius has become a highly sought-after destination for expats from around the world. Its pristine beaches, vibrant culture, luxury facilities, unique islander lifestyle, and stable economy attract individuals and families seeking a higher quality of life.

The island offers a unique blend of relaxation and adventure, with world-class leisure activities, excellent healthcare and education, with a strong emphasis on international standards.

What are the Basic Costs in Mauritius?

Key factors influencing your budget include:

  • Housing Costs: Rental prices and potential maintenance costs if you’re a buyer.
  • Utilities: Electricity, water, internet, and other essential services.
  • Transportation: Car, fuel costs, public transportation
  • Groceries and Food: Costs of local and imported food, dining out, and entertainment.
  • Healthcare: Private health insurance costs and out-of-pocket expenses.
  • Education: School fees for children, if applicable.
  • Leisure and Entertainment: Costs associated with leisure activities, dining out, and social events.

Housing Cost in Mauritius

When assessing the cost of living in Mauritius, it’s essential to factor in rental prices. 

Expatriates often opt to live in the North, particularly the Grand Baie area, and the West, in Black River. In these sought-after regions, a family of 4 seeking a house with a garden and a swimming pool, among other amenities, can expect rental rates to begin at MUR 50,000 to MUR 60,000 per month. 

However, residing in a gated estate or wanting a more spacious property could push the rent up to MUR 120,000 to MUR 130,000. 

Additionally, there are more luxury properties available, such as beachfront or golf residences, which may cost upwards of MUR 200,000 monthly.

Rent a Property in Mauritius

Home Insurance

Transitioning to home insurance. Mauritius is notably safe, with rare occurrences of major theft cases. Therefore, for a four-bedroom house, home insurance typically ranges from MUR 15,000 to MUR 30,000 depending on the coverage. This expense adds to the considerations when evaluating the cost of living in Mauritius.

Food and Groceries

Food in Mauritius

Food costs vary depending on the cuisine. Staples like chicken, fish, rice, and lentils tend to be very affordable. However, imported meats such as Beef Filet and entrecôte can drive up expenses. On average, a family of 4 typically spends about MUR 40,000 to MUR 50,000 per month on food, contributing significantly to the overall cost of living in Mauritius.

Dining Out

Dining in Mauritius

When considering the Cost of Living in Mauritius, dining costs can vary significantly. Casual dining at a local pub can range from MUR 100 to MUR 120 per person for a beer, while enjoying a cappuccino in a café may cost approximately MUR 92 to MUR 110.

For fine dining experiences, costs can range from MUR 1000 per person and go up to MUR 4000 or more per person, depending on the restaurant, hotel restaurant and the chosen menu

Transport and Travel

Owning a car can also add up, especially considering high import duties. For example, a new 4*4 Ford WildTrack can range between MUR 2.3 million and MUR 2.4 million. However, second-hand cars offer a more budget-friendly alternative.

Public Transport in Mauritius

Public Transport in Mauritius

Mauritius offers a relatively well-developed public transportation system.  The island boasts a network of bus routes connecting towns and villages.

The Metro Express, a modern light rail system, connects Port Louis to Curepipe, offering a more efficient and comfortable alternative for travel between these two major cities.   

Taxis are readily available, but fares can vary depending on the distance and time of day.

Utilities and Communications Budgets

Essential utilities and communication services impact the Cost of Living in Mauritius.

  • Electricity: Costs can fluctuate depending on consumption. Air conditioning, particularly during the summer months, can significantly increase electricity bills.
  • Water: Water consumption costs are generally low in Mauritius.
  • Internet: High-speed internet is readily available, with several providers offering competitive packages to suit various needs.
  • Mobile Phone Services: Mobile phone plans are generally affordable, with a wide range of options available to suit different budgets and data usage requirements.
  • Television: Cable or satellite television services are available, with subscription costs varying depending on the chosen package and the number of channels.

Electricity and water bills

Utility bills such as electricity and water are dependent on consumption. On average, for a medium-sized house with air conditioning in summer and a pool, the monthly electricity cost ranges from about MUR 6,000 to MUR 8,000.

Medical Care and Health Insurance

Education and healthcare are significant factors in the overall Cost of Living in Mauritius.

  • Education:

    • International Schools: For foreign families, international schools offer a curriculum aligned with international standards, but tuition fees can be substantial.
    • Higher Education: Public universities in Mauritius offer affordable options for higher education, while private universities and international institutions offer a wider range of programs with varying tuition fees.
  • Healthcare:

    • Public Healthcare: Mauritius has a well-developed public healthcare system that foreigners can access.
    • Private Healthcare: Many expatriates opt for private health to access specialised care, shorter waiting times, and international-standard facilities. The costs associated with private healthcare can vary significantly.

Private Education

Renowned institutions include Northfields International School, Le Bocage International School, Westcoast International School, and École du Centre, amongst others –  all offering excellent academic programs and a diverse international environment

Medical Care and Health Insurance

In some cases, families consisting of four members may opt for a catastrophe cover, which extends insurance coverage beyond day-to-day expenses. This choice incurs a yearly cost of around MUR 25,000 to MUR 30,000.

Live in Mauritius

Our team of experienced professionals can assist you in understanding these costs, navigating the local market, and making informed decisions about your relocation or investment plans.

Contact us today, info@sir.mu, to discuss your aspirations and benefit from our expert guidance.

Buy an off-plan Property : How Safe is Your Money?

Buy an off-plan property

Buy an off-plan Property : How Safe is Your Money?

Me Hart de Keating, Notary, provides some insights

To capitalise on the tax advantages in Mauritius, foreigners oftenly opt for real estate investments, including to buy an off-plan property through the VEFA mechanism (Vente en État Futur d’Achèvement).

Chris Lazare, Partner – Mauritius Sotheby’s International Realty, met with Me Hart de Keating, a renowned notary in Mauritius, who explains the property buying and selling process, including off-plan sales.

How Does a VEFA Work?

To buy an off-plan property in Mauritius, you will initially need to sign a preliminary reservation contract.

During this stage, the buyer’s funds are placed in escrow with the notary, ensuring the buyer’s funds are safe, and can be refunded if the project fails to break ground. 

What About Construction Completion Guarantees?

Once the contract is signed, the buyer benefits from various mandatory guarantees, similar to those in force in France. Among these, the “garantie financière d’achèvement” ( GFA) assures the buyer that the project will be completed even in the event of difficulties encountered by the developer.

Furthermore, guarantees such as the ten-year warranty provides protection against hidden defects and construction flaws. Also, the construction insurance ensures repairs will be made if needed.

Your funds are therefore secure when you decide to buy an off-plan property.

What About Laws and Regulations for Off-plan Sales?

It’s noteworthy that Mauritius, being a former French colony, has inherited a legal system largely influenced by French laws. This inheritance significantly helps French buyers in understanding the buying and selling process. 

Process of Acquiring a Built Property

The purchase of an existing property typically involves the signing of a preliminary contract. 

Once the purchase is concluded, the transfer of ownership is registered at the Conservation des Hypothèques, ensuring the advertising of the buyer’s title deed, an important step in the buying and selling process in Mauritius.

Fees and Taxes

Whether to buy an off-plan property or an already-built property, taxes apply, including a tax of approximately 5% of the property acquisition price.

Additionally, upon resale, the buyer will also need to pay a similar tax.

What about notary fees?

Notary fees vary depending on the type of property and are regulated by the Notary’s Act, typically ranging between 0.6% and 1.25% of the acquisition price.

Live in Mauritius

If you’re looking for a property to rent or buy in Mauritius, contact us – info@sir.mu

Internet Connectivity in Mauritius

Internet Connectivity in Mauritius

Internet Connectivity in Mauritius

A Paradise for Digital Nomads

Timo Geldenhuys: “Today we are in the beautiful Blue Bay area, right near the airport in Mauritius. Behind me is the stunning natural aquarium, one of the best snorkelling spots in Mauritius. An interesting fact: many snorkelers here are new digital nomads residing in Mauritius, highlighting the importance of internet connectivity in Mauritius for them.”

Digital Nomads and Internet Connectivity in Mauritius

The Covid-19 pandemic has ushered in a significant shift in work culture and operations, with people seeking alternative lifestyles. Mauritius has responded to this trend by introducing the Premium Visa, a one-year visa renewable thereafter, catering to various sectors, including digital nomads. Thus, internet connectivity in Mauritius plays a pivotal role for these professionals with global job engagements.

Mauritius benefits from two undersea cables currently in operation, with plans to connect to two more, effectively making it part of a digital superhighway. The island boasts 5G connectivity enabling individuals to successfully run their businesses remotely.

Expat Testimonies About Internet Connectivity in Mauritius

I have a client, a bookie, who operates an online betting platform based in the U.K. During his holiday stays of 3 to 4 months per year, he seamlessly runs his operations from Mauritius, illustrating the reliability of the internet connectivity in Mauritius. Given the real-time nature of betting, precision and speed are imperative, yet he feels comfortable conducting his business from Mauritius.

Premium Visa Success

Since 2022, over 2,500 short-term premium visas have been issued, indicating significant interest in Mauritius as a remote work destination. Many visa holders initially opt for long-term rentals, gradually transitioning to exploring property purchase options as they become more acclimated to the Mauritian lifestyle.

If you are a digital nomad considering Mauritius as a remote work destination, do not hesitate to reach out to us at Mauritius Sotheby’s International Realty. We can assist you and provide guidance throughout your journey, especially if you are looking for long-term rentals.

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Live in Mauritius

If you have any property-related inquiries or needs, please don’t hesitate to get in touch with us at Mauritius Sotheby’s International Realty.

If you have any questions, contact us – info@sir.mu 

New Property Acquisition Opportunities for Expats

New Property Acquisition Opportunities for Expats

Property Acquisition by Foreigners

New Opportunities for Expats on the Local Market

A thrilling property update, foreigners, who already are residence permits holders, can now explore a broader range of properties in Mauritius beyond the existing approved schemes. Let’s get into the details. 

New Property Acquisition Options

Timo Geldenhuys: In my previous videos, I highlighted the numerous avenues for property acquisition, including schemes like IRS, RES, PDS, Ground+2, and Smart City Schemes. However, a pivotal amendment to the Non-citizens Property Restriction Act has emerged, offering new options for property acquisition by foreigners.

This amendment specifically targets existing permit holders, who now have the freedom to invest in properties outside the previously mentioned schemes.

Let’s see the terms and conditions.

Who Can Acquire Property Outside of Approved Schemes?

Various permit holders qualify. They include:

  • The primary holder of a permanent residence permit
  • The primary holder of a residence permit issued by virtue of a previous purchase under the aforementioned property schemes
  • The primary holder of an occupation permit as an investor, professional, or self-employed individual
  • The primary holder of a short-term occupation permit
  • The primary holder of a family occupation permit
  • The primary holder of a retiree permit

What Are the Main Criteria for Acquisition?

The criteria that the property must meet are as follows:

  • The property cannot exceed 5,276 square metres, which is equivalent to 1.25 Arpent
  • The property can be a vacant piece of land, a villa, a standalone house, an apartment or penthouse.
  • It cannot be agricultural land.
  • The land cannot exceed 5,276 square metres in size.
  • It cannot be leasehold land, thus excluding all beachfront properties currently under leasehold.

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What About the Price Point and Tax Applied ?

The amendment to the Non-citizens Property Restriction Act sets a threshold for property acquisition by foreigners, requiring a price exceeding USD 500,000 or its equivalent in foreign hard currency, such as Euros or Pounds. 

Standard taxes in Mauritius apply, including a 5% transfer fee and 5% registration duty, that are typically shared between buyer and seller. Moreover, an additional 10% tax is imposed solely on the buyer.

This elevated cost underscores the exclusivity of such acquisitions, tailored for long-term residents who have identified specific properties they wish to purchase outside of the established schemes.

While the premium price reflects the uniqueness of these opportunities, it also opens doors for acquiring family homes within existing residential areas, a privilege not commonly available to foreigners.

Live in Mauritius

If you have any property-related inquiries or needs, please don’t hesitate to get in touch with us at Mauritius Sotheby’s International Realty.

If you have any questions, contact us – info@sir.mu 

Mauritius is connected to over 150 worldwide destinations

Mauritius is connected to over 150 worldwide destinations

Season 2 | 2-Minute Tuesdays

Air Routes: Mauritius is Connected to Over 150 Worldwide Destinations

Welcome back to another exciting episode of 2-Minute Tuesdays! In this vlog, we’ll discuss air connectivity in Mauritius, exploring the numerous airlines that link the island to major international hubs across the globe.

Mauritius, A Globally Connected Destination

Timo Geldenhuys: Today, we are discussing the connectivity and air traffic to and from the island, emphasizing the ease of access. As you are aware, Mauritius is a small tropical island, and our reliance on incoming and outgoing flights is crucial.

Before the COVID-19 pandemic, we enjoyed robust global connectivity. However, like every other place worldwide, we faced challenges during the pandemic, but I am delighted to share that we have successfully restored full air connectivity. 

Presently, we operate flights to over 150 cities worldwide through our diverse alliance partners.

To Which Destinations Are We Primarily Connected?

Mauritius boasts direct connections to 9 out of the 15 largest hubs globally. We offer direct flights to all our major target markets, encompassing South Africa and Europe, with daily flights to France and the U.K. Notably, we maintain two daily A380 flights from Dubai, showcasing our strong connectivity and accessibility from a global perspective.

Why is Air Connectivity in Mauritius Important for a Foreign Buyer?

First and foremost, if you’re a foreigner and own a property on the island, you can come and leave easily. Moreover, from an investment standpoint, continuous influx of people onto the island is crucial. Presently, we welcome approximately 1.3 million tourists annually. The goal is to increase this number to 2 million by 2030 and ambitiously reach 8 million tourists per year by 2050. The enhancement of air connectivity in Mauritius is a key factor in achieving these targets, promising consistent expansion. 

 

So, the answer is clear – getting on and off the island is very easy.

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What Airlines Serve Mauritius?

Indeed, we have an array of international airlines facilitating easy access to Mauritius. Renowned carriers such as Air Mauritius, Emirates, and British Airways contribute to our extensive connectivity. Additionally, smaller European airlines like Edelweiss and Corsair play a significant role. Our connections also extend to the East, reaching Australia. Whether you are coming from Europe, the Middle East, or Down Under, accessing Mauritius swiftly is made convenient through our diverse airline partnerships.

Live in Mauritius

If you have any property-related inquiries or needs, please don’t hesitate to get in touch with us at Mauritius Sotheby’s International Realty.

If you have any questions, contact us – info@sir.mu 

Rental Properties in Mauritius – The Guide

Rental Properties in Mauritius - The Guide

Season 2 | 2-Minute Tuesdays

Rental Properties in Mauritius - The Guide

Welcome to a fresh episode of 2-Minute Tuesdays, where we’ll dive into rental properties in Mauritius. This is especially valuable if you’re considering a move to Mauritius and wish to explore the island before making a long-term commitment to property ownership.

Rent a Property in Mauritius

Timo Geldenhuys: What a privilege to be standing in these beautiful gardens at Chateau Bel Ombre. Part of the heritage domain, here stands a beautiful property development called Heritage Villas Valriche. 

One frequently asked question concerns rental properties in Mauritius. The motivations for coming to Mauritius vary, and not everyone arrives with the intention to purchase property immediately. Many individuals prefer to test drive the island before committing to a long-term stay, and others come for job opportunities, prompting the need for rental properties.

A Diverse Market

Navigating the rental market in Mauritius is both diverse and challenging. Presently, demand significantly surpasses supply, particularly in the two primary areas we operate – the West Coast, covering the Black River and Tamarin area extending up to Cascavelle, and the North, encompassing the greater Grand Baie area. 

Both those regions have a shortage of stock, and one of the reasons for that is that during the COVID period, construction came to a standstill, and subsequently Mauritius has relaxed its restrictions and made it easier for people to come, live and work in Mauritius. As a result, there’s been an influx of people and the demand is just outstripping the supply.

When Should You Start Your Property Search?

For prospective renters, my recommendation is to plan ahead when searching for rental properties in Mauritius. Regarding property types, we offer a diverse range of options in Mauritius, primarily including apartments, duplexes, and villas. Additionally, the pricing spectrum is extensive, providing flexibility to suit various budget considerations.

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Rental Property Prices In Mauritius

In our operational market, a one or two-bedroom apartment can be secured for around MUR 40,000, while a beachfront villa may range from MUR 250,000 and beyond. Our focal point lies in spacious 4-bedroom family homes, a sought-after option priced between MUR 80,000 and MUR 120,000. This range facilitates the inclusion of amenities such as a pool, space for pets, and a comfortable environment for children.

What Areas Should You Rent A Property In?

For those desiring a more lavish and secluded lifestyle, consider areas like Heritage Villas Valriche on the West Coast. As for the East Coast, developments like Anahita are available, and there is also Blue Bay down South. Of course, popular choices include predominant areas like Tamarin and Black River, while the North, with its schools, major healthcare services, and shops, naturally attracts a substantial expat community.

Live in Mauritius

If you have any property-related inquiries or needs, please don’t hesitate to get in touch with us at Mauritius Sotheby’s International Realty.

If you have any questions, contact us – info@sir.mu