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 

Can A Foreigner Acquire A Beachfront Property in Mauritius?

Beachfront Property in Mauritius

Acquire A Beachfront Property in Mauritius

Can Foreigners Live The Unique Mauritian Beachfront Experience?

Sea, sun and sand await in one of the most sought-after island destinations in the Indian Ocean. If living on an island is a privilege, imagine living in a beachfront property in Mauritius! 

With incomparable views and the soothing tranquility of crashing waves, owning a beachfront property in Mauritius offers unmatched relaxation for both the mind and body, and the possibility to enjoy unique boat trips.

Though beachfront leasehold acquisition is available to Mauritians only, there are many options for foreigners to acquire property in oceanfront developments.

Let’s have a look. 

Can You Live in a Beachfront Development?

Truly paradise at your doorstep and a smart investment in terms of capital gains and rental value, owning a property in a beachfront development is always a good idea. 

Foreigners have the possibility of acquiring properties in various property schemes, and can obtain residency for a minimum investment of USD 375 000.

Generally, acquiring a standalone house or villa on the beach is not directly accessible to foreigners, however, you can easily buy a villa, penthouse, apartment or duplex in a beachfront development that falls under a property scheme. “Living in a beachfront development definitely has its perks, because you can have direct access to the beach and use the various on-site facilities like beach clubs, boat parking solutions, restaurants and so much more. Also, you will be safe as the developments are usually gated. Another important factor, your property value increases because of the sea views and, of course, you can walk to the beach” says Lee Lazare, Property Consultant at Mauritius Sotheby’s International Realty. 

Acquire a Beachfront Property In A Hotel Resort

A foreigner can also acquire a villa under the Integrated Hotel Scheme ( IHS), which is a property scheme allowing hotels to put their villas, apartments or penthouses on sale, and accessible to foreigners. 

Depending on the specific terms, you may have the option for year-round personal use of your villa. In other instances, the emphasis is on an investment-centric approach, allowing you to purchase the property and use it for a specified period. Afterwards, the property becomes part of the hotel’s rental pool, ensuring a fixed return on your investment.

The key advantage of this arrangement lies in the comprehensive on-site property management services. These services encompass everything from cleaning and maintenance of the villa to handling its rental. Your primary role is to reap the benefits of your investment. During your periods of villa occupancy, you will also enjoy unrestricted access to all the hotel’s facilities, effectively affording you a 24/7 hotel living experience. This includes a butler service and privileged access to the spa, restaurants and so on”, says Lee Lazare.

Live in Mauritius

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

Property Acquisition in Mauritius for Boat Owners

Buy Property in Mauritius as Boat Owner

Property Acquisition in Mauritius for Boat Owners

Dive Deep Into Islander Living

Exclusivity at its best, the benefits and beauty of living in a waterfront home are as boundless as the captivating, uninterrupted vistas that grace these homes. For those who enjoy activities like fishing and sailing, living in an oceanfront development, in or near a marina, or even close to a riverbank, is a dream come true. 

Especially on the North and West Coasts, buying a property in Mauritius as a boat owner is commonplace mostly that the best way to enjoy the turquoise waters of our island is indeed, to set sail.

Buy Property in Mauritius as a Boat Owner

One of the perks of waterfront living is the unique offering and distinctive lifestyle it offers. Tied to a geographical location, like Mauritius, owning such a property is a definite win! However, you need not necessarily buy a waterfront property if you’re a boat owner as there are myriad options for boat parking and maintenance in coastal regions of the island. “If you are a boat owner, you need not necessarily reside in a beachfront development; you can, for instance, join a yacht club and use their facilities, including boat parking, mooring, or boat maintenance services. Additionally, several residential developments like Azuri, St. Antoine, and others offer on-site boat parking or mooring services“, says Lee Lazare, Property Consultant at Mauritius Sotheby’s International Realty. 

Now, if the development you live in does not offer these on-site services, you can still pay for a mooring spot in your area and contact the relevant reputable service providers. So, all in all it’s hassle-free to buy a property in Mauritius as a boat owner.

State of the Market

Typically, the demand for waterfront homes and residential units in coastal areas surpasses the supply due to their immense popularity. “ The demand is substantial, encompassing various markets, including European and South African buyers. Regrettably, there aren’t enough waterfront properties to meet this demand, which is why it is a specially niche market. Nevertheless, if you aspire to buy property in Mauritius as a boat owner, you can invest in any development accessible to foreigners while securely mooring your boat elsewhere.” adds Lee.

Mauritius, A Paradise for Boat Owners

Mauritius is an ideal playground for boat owners, particularly those who relish watersports. Here, you have the opportunity to reside in locations such as La Balise Marina, secluded coastal areas like Pointe d’Esny, or areas close to rivers.

With glorious skies, breathtaking views, and a high degree of privacy and seclusion, what’s not to love?

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

Golf Homes in Mauritius | A Unique Lifestyle

Golf homes in Mauritius

Golf Homes in Mauritius

Embrace a Unique Lifestyle

More than a sport, golfing is a lifestyle and living on a golf course is a privilege. For some, it’s envisioning themselves on the fairway while sipping morning coffee. For others, it’s enjoying family amenities often found on golf estates. And then some are ardent golf enthusiasts.

In essence, acquiring a golf home in Mauritius isn’t just a property investment; it’s embracing a distinctive lifestyle. It caters to various aspects of living – from family-oriented experiences and vibrant community life to the serene pleasures of retirement and the allure of private living.

Championship Golf Courses in Mauritius

Mauritius is known for the beauty of its championship golf courses artfully designed by some of the world’s best, including golf legends like Ernie Els, Peter Matkovich, or Bernhard Langer. These courses not only open up to breathtaking sea views but also come complete with top-tier, on-site amenities, such as luxurious hotels, spas, gourmet restaurants, and much more.

From the exclusive Mont Choisy La Réserve in the North to the exquisite Anahita Mauritius on the East Coast, and the prestigious Heritage Villas Valriche on the South-West Coast, the island offers a multitude of choices for those seeking golf homes in Mauritius.

Why Choose A Golf Home in Mauritius?

Offering an appealing lifestyle, the demand for golf homes in Mauritius is increasing. “Interestingly, it’s not only golfers that opt for the golf estate lifestyle, because there’s usually a lot more going on than just the course. The estates are extremely spacious, for those who wish to avoid dense or compact complexes, and also abundant in flora, bird life and occasionally small game, which makes places like Heritage Villas Valriche, for example, a nature lover’s paradise”, says Jennifer Hirst, expert real estate consultant for Mauritius Sotheby’s International Realty.

The amenities are definitely an advantage, “you will have other resort-type amenities on site or close by; hotels, restaurants, the beach and spa, which of course add to the offering, coupled with leisure activities such as cycling, walking trails and water activities to name a few, which are also readily available. In short, safety, beautiful surroundings, clean air and large open spaces – what’s not to love!”, adds Jennifer. 

What’s the State of the Market for Golf Homes in Mauritius?

Mostly as a primary home, as an investment or for long vacation stays, owning a golf home in Mauritius is definitely a wise choice to make. “The market for golf homes in Mauritius is growing for various reasons including the country’s attractiveness as a luxury destination. As more high-net-worth individuals and investors are drawn to the idea of owning properties on the island, they are particularly attracted to golf homes as a second home or an investment opportunity”, explains Sacha Bouic, expert real estate consultant for Mauritius Sotheby’s International Realty.

Live in Mauritius

If you’re looking forward to living this incredible experience, Mauritius Sotheby’s International Realty has an inventory of extraordinary private golf homes, awaiting your visit.

Contact us, info@sir.mu

Mauritius: The Rising Star of Luxury in the Region

Luxury Property Mauritius

Mauritius: Rising Star of Luxury in the Region

Known for its bespoke 5-star resorts, championship golf courses, exquisite dining establishments, and luxury properties across the island, Mauritius offers an ideal destination for connoisseurs seeking exclusivity, privacy, and unparalleled beauty.

With a well-established reputation as a luxury hotspot, Mauritius now ambitions to lead the luxury market in the region. Partnering with the European Union, the Economic Development Board (EDB) of Mauritius has embarked on a project to attract investments in the manufacturing of luxury goods. The ultimate goal is to establish Mauritius as a premier destination for high-end products and solidify its position as the ultimate ‘Hub’ for the luxury market.

The Global Success of the Luxury Sector

According to the EDB, the luxury sector offers a remarkable opportunity for companies aiming to gain a competitive edge. Europe reigns supreme in this global market, experiencing an impressive growth rate of 19% to 21% in 2022. Projections further suggest that the luxury industry could witness a consumer base ranging from 400 million to 500 million by 2030.

In light of this, alongside its luxury property sector, Mauritius aims to enhance its manufacturing sector’s competitiveness, enabling it to venture into higher-value product segments, target affluent consumers, and command premium pricing. These luxury segments include textiles and apparel, leather, cosmetics, ship models, watches, jewellery, sugar, coffee, and spirits.

Discover: Amara - Villa Signature

Price: MUR 42 500 000

The Luxury Property Sector Booming in Mauritius

The luxury property market in Mauritius is, indeed, thriving, with foreign direct investment amounting to Rs 15.4 billion in 2022, constituting 54% of the total FDI inflows for the same year.

As a key player in the luxury property market, Mauritius Sotheby’s International Realty has not only surpassed projected sales values for the fiscal year ending June 2023 but also has several high-value sales lined up for the upcoming fiscal year of 2023-2024.

Live in Mauritius

The voice of luxury on the island, Mauritius Sotheby’s International Realty is the promise of an unrivalled lifestyle whether you’re beach and nature enthusiasts or golf aficionados. Expert agents, we have the connections, we know the market and we know your taste. 

If you are looking to buy, sell, or rent a property, do not hesitate to contact us.

Mauritius Sotheby’s International Realty Sets New Record With Top Property Sale

Buy property in Mauritius

Record Breaking

Mauritius Sotheby’s International Realty Sets New Record With Top Property Sale

With experience that extends locally and globally, Mauritius Sotheby’s International Realty has surpassed projected sales values for the fiscal year ending June 2023. Notably, we achieved a remarkable milestone with the sale of a breathtaking beachfront villa at One & Only, St-Géran.

Excitingly, Mauritius Sotheby’s International Realty already has several high-value sales lined up for the upcoming fiscal year of 2023-2024, positioning us to surpass previous achievements and make this new financial year our most successful to date. If you’re looking to buy property in Mauritius, we are the ideal agency. 

Positive Market Trends

Amidst favorable market conditions, Timo Geldenhuys, Director of Mauritius Sotheby’s International Realty, provides his analysis for the upcoming financial year. “In the fiscal year ending June 2023, we witnessed a significant increase in demand for high-end luxury properties, positioning Mauritius as a secure environment amidst current global economic fluctuations. Additionally, real estate remains a reliable investment option for affluent buyers.”

Timo highlights that not only is the high-end property sector experiencing positive growth, but Mauritius, as a destination, is also attracting more investors seeking property acquisitions. “The island offers incredible opportunities for affluent buyers, especially with the presence of renowned brands such as Four Seasons and One & Only, St-Géran, who have undertaken prestigious property developments. As the high-end offerings expand and flourish, the market inventory embraces more specialized products with prices now reaching over USD 14 million, compared to a maximum of approximately USD 6 million a few years ago.

Buy Property in Mauritius

Mauritius Offers a Unique Lifestyle

It is important to highlight that in addition to offering residency, our island provides exceptional holistic experiences, including a pleasant climate throughout the year, stunning beaches, world-class resorts, a rich culinary scene, a diverse cultural landscape, and countless lifestyle amenities. 

Timo emphasizes, “Furthermore, Mauritius offers a stable business environment and convenient connections to Dubai International Airport, with daily flights and easy access to Europe and the East.”

Overall, the team at Mauritius Sotheby’s International Realty anticipates a highly positive performance for the 2023-2024 financial year. “We have full confidence in the market outlook and are launching more aggressive marketing campaigns. We firmly believe that the Mauritius Sotheby’s International Realty brand provides high-end investors and entry-level buyers with the ideal opportunity to discover the exceptional lifestyle of Mauritius through properties that cater to their unique needs.”

Live in Mauritius

We’re the industry’s best agents, curating with incomparable attention to style and detail. If you are looking to buy, sell, or rent a property, do not hesitate to contact us.

National Budget Highlights 2023-2024: The Mauritian Destination More Expat-Friendly

Expat in Mauritius

National Budget Highlights 2023-2024

The Mauritian Destination More Expat-Friendly

The national budget for 2023-2024 is yet another testimony to the country’s strong commitment to welcoming foreigners to our home island.

 In 2022, Foreign Direct Investments (FDI) in the real estate sector witnessed impressive growth, with over 600 sales under regulated schemes amounting to MUR 15.4 billion.

Whether you’re a digital nomad, a retiree, a professional, or a family looking for a new relocation destination, these budget measures have something for everyone.

Foreign Acquisition More Accessible

While the minimum investment in property acquisition to obtain a residence permit is USD 375 000, a few innovations add up to the offer:

  • A non-citizen, holder of a residence permit or occupational permit as the main applicant, will be allowed to acquire only one residential property outside of schemes (Smart City and PDS) for a price exceeding USD 500 000 and subject to payment of an additional registration duty of 10% provided that the property does not exceed 1.25 arpents and is not located on State land.

 

  • Enter the Sustainable City Scheme. A non-citizen and his family will be granted a residence permit on the acquisition of residential property at a minimum price of USD 375 000 under this new scheme.

 

  • The time limit for the acquisition of one plot of serviced land by resident non-citizens in a smart city or a PDS project is extended up the 30th of June 2026.

 

  • Processing fees for Integrated Resort Scheme (IRS), Real Estate Scheme (RES), Invest Hotel Scheme (IHS), and Smart City Scheme (SCS) will be standardised.

 

  •  A new processing fee of MUR 25 000 per application will be introduced for non-citizens acquiring “Ground +2 apartments” and for residence permit applications under the residential schemes. 

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As from MUR 9 600 000

Retire in Mauritius

  • The residence permit will be accessible to retired non-citizens aged above 50 years and their families on the acquisition of a senior living PDS property exceeding USD 200 000. 

 

  • Foreign retirees above 60 years old will have access to medical insurance locally.

 

  • Retired non-citizens applying for the Residence Permit will not be required to open a local bank account in the initial stage. Instead, a certified bank statement from the applicant’s country of origin or residence showing proof of funds would be accepted together with a written undertaking to open a local bank account in two months’ time. 

 

  • Medical patients and retirees as well as up to two accompanying caretakers will be eligible for a premium visa.

Discover: Le Marais' Gât - Apartment

Price: Rs 21 750 000

New Measures for Local Buyers

  • The Home Ownership Scheme, where the government refunds 5% of the property value, up to a maximum of MUR 500 000 will be extended to the 30th of June 2024. For properties under vente en l’état futur d’achèvement (VEFA), the refund will depend on the amount paid by the acquirer under the VEFA agreement. The property must be reserved on or before the 30th of June 2024 and registered no later than the 30th of June 2025.

 

  • Home Loan Payment Scheme for a person contracting a secured housing loan will be extended to the 30th of June 2024. Individuals who contracted a secured housing loan can benefit from a refund of 5% of the disbursed loan amount, up to MUR 500 000 until the 30th of June 2025.  

Discover: À l'ombre du tamarinier

Price: MUR Rs 28 500 000

Occupation and Work Permits

  • The monthly basic salary threshold for Professional Occupation Permit will be reduced to MUR 30 000, irrespective of sector.

 

  • Applicants for Occupation Permit will be granted a business visa of 120 days without the need for them to leave Mauritius to submit an application.

 

  • Introduction of a “silence is consent” principle of 4 weeks for Work Permit applications. 

 

  • Non-citizens on a tourist or business visa will be allowed to apply for a Work Permit.

It’s Time to Live in Mauritius

Whether you’re looking to buy or rent a property on the island for your retirement, expatriation or investment, we’re the right agents to help make your project a reality. Contact us, info@sir.mu

Mauritius: A Destination for Quality Healthcare Services

retire in Mauritius

Retire in Mauritius

A Destination for Quality Healthcare Services

A warm climate, a quality lifestyle, and access to high-standard private healthcare… Indeed, Mauritius has it all if you’re planning to retire on an island.

The healthcare system of Mauritius, representing 7.2% of the national GDP, has experienced constant growth over the years, with innovation in technology, internationally-trained staff, and much more. 

Indeed, the island’s strategy is geared towards attracting multi-specialty clinics with a wide range of specialised treatments, surgical procedures, and diagnostic services available.

Whether you need a specialist in endocrinology, cardiology, geriatrics and rehabilitation, oncology, nephrology, or general medicine; you name it, the trained medical staff will be able to provide you with the best care.

So, if you want to retire in Mauritius, you will surely benefit from the high quality healthcare. 

Discover: Grace Bay

Price: USD 550 000

A Decentralised Healthcare System

Whether you choose to live in the north, east, west, south, or centre of Mauritius, you will have a healthcare institution close to you. Moreover, private healthcare facilities in Mauritius offer a comfortable environment with private rooms, modern amenities, and personalised attention.

Another interesting factor: if you have a preference for alternative medicine, the island is home to numerous wellness centres that provide services including hydrotherapy, traditional medicine, and ayurvedic medicines, also valid options for quality healthcare.

Live in Mauritius

If you’re planning to move to Mauritius and want to know more about the healthcare system in Mauritius, we can help you. Whether you’re looking to buy or rent a property on the island for your retirement, we’re the right agents to help make your project a reality. Contact us, info@sir.mu

Hanishta Putlarao, Personal Assistant: Reliable and Kind-hearted

HANISHTA PUTLARAO

Personal Assistant

Mail: hanishta@sir.mu

Hanishta Putlarao: Reliable and Kind-hearted

Her warm smile will greet you as you enter the Mauritius Sotheby’s International Realty office on the West Coast. Responsible for managing reception, client liaison, and providing personal assistance to the agents of the Black River office, Hanishta is a genuine and kind-hearted professional who always goes the extra mile to provide exceptional service to our clients.

Before joining the real estate industry, Hanishta began her career in the hospitality sector, where she gained valuable experience for nearly two years. Later on, she joined the interior furnishing sector, which served as her first step in real estate. “I worked 10 years for this company, mostly in the administrative department and through the years I also bonded with real estate agents and many other professionals evolving in the real estate sphere.”

Her Mauritius Sotheby's International Realty Story

Hanishta’s journey with Mauritius Sotheby’s International Realty began in 2021. Although working for a real estate agency was a new challenge for her, she accepted it without hesitation. “When the opportunity presented itself, I seized it. Although the job was relatively new to me, I had the privilege of working with a great team who supported, trained, and empowered me. Today, I have more responsibilities, and I’m eager to give my best.”

A Nature Lover

Being a nature lover, Hanishta has a soft spot for the South-West Coast, particularly her hometown, Baie du Cap. Having access to both the ocean and mountains is a daily wonder that she appreciates. “I enjoy taking nature walks with my family, and I understand that both foreigners and Mauritians are looking for a lifestyle where they can experience the island’s natural environment.”

Hanishta is undoubtedly the person who will warm your heart when you visit us at our West Coast office to enquire about property acquisition or rental. So don’t hesitate to drop by!