Every year, Mauritius welcomes more foreign nationals and tourists for many reasons: its tropical climate, its beaches, its stable political and economic situation, its real estate investment-friendly legislation are the main attractions of this small island in the Indian ocean.
Long dominated by the sugar industry, today it is innovative in other sectors such as financial services, the BPO sector, tourism and real estate.
These factors make Maurice highly attractive for foreign investors.
Since 2006, Maurice has shown economic growth between 3% and 5.9%. The tourism sector is to thank with an annual increase of 10% of the arrivals, that is more than a million tourist arrivals annually.
Research Institute New World Wealth has described in a recent report the arrival of wealth in Mauritius: the number of millionaires continues to increase since 2000: an increase of over 340% was recorded, this makes Mauritius one of the 5 most attractive worldwide destinations on this criterion.
For real estate, the flexibility of local law attracts more and more foreigners looking to invest in real estate. These acquisitions can lead to a permanent residence permit from the time where the acquisition has a minimum price of $ 500,000. The Mont Choisy Pam Golding Park project, attests to the success of the Mauritian real estate market: 220 units (villas and apartments) were sold for a total price of $ 250 million. 25% gains were conducted in just 2 years on resales of this project.
Ki Residences in Grand-Baie proposes an entry-level price of €286000 for an apartment including 2 bedrooms and 2 bathrooms.
According to New World Wealth, Mauritian land rates have increased by 6% in 2016, and this increase could reach 40% by 10 years.