The Mauritian Melting Pot – For Idyllic Indian Ocean Investment

By on May 1, 2015
Mauritius beach (Mobile)

This relatively small island east of Madagascar and mainland Africa is a veritable melting pot of cultures, foods and influences. Racial and human harmony here is set as an example for much of the world to follow. In fact, Mauritius is a wonderful place to bring up children, build an adventurous new life or enjoy a blissful retirement. It has one of the strongest economies and one of the most stable democracies on the African continent, alongside a high overall standard of living. According to recent figures produced by the International Monetary Fund (IMF) this gentle nation had a Gross Domestic product (GDP) per capita of US $9,715 in 2014.

 

There are several good reasons why property investment here is becoming increasingly attractive and not just because the Government is embarking on an ambitious diversification strategy, encouraging the Information and Communications (ICT) sector and promoting the island as a seafood hub. An expansion in the economy of 3.5 per cent last year and a slight decrease in unemployment to 7.8 per cent also make for good reading.

 

Add to this the fact non-nationals are allowed to acquire residential property in Mauritius under special schemes known as the Integrated Resort Scheme (IRS) and the Real Estate Scheme (RES) respectively. Properties under the IRS are offered for sale at a minimum legal price of US $ 500,000 and the acquirer of an IRS property is automatically granted a residence permit. The permit is extended to the owner’s spouse and dependants and also entitles the resident to apply for an Occupation Certificate to work or start a business in Mauritius.

Look more closely and it just gets better and better with a superbly developed road and transport infrastructure, and regular flights to major international destinations. These include London, Paris,  Dubai, Johannesburg, Cape Town, Perth and Sydney amongst others, serviced by Air Mauritius, British Airways, Emirates, Air France, South African Airways and other major airlines. English is the official language, but French is widely spoken and Creole, a French dialect, is preferred by locals.

Driving is on the left and both the traffic code and laws are mostly the same as in the UK with healthcare of a very high standard. Foreign nationals can attend a local public hospital but would be expected to pay for treatment – though the costs are very reasonable and the care superb. It should be noted however, some public hospitals are often not equipped to deal with more serious illnesses.
Education is free and compulsory from the age of five up to the age of 16. Teaching is conducted in English, as well as Creole and French which are more widely spoken by the local population. The official language is English so all examination papers are in the same language.

Property developments are the general order of the day here and there’s a wonderful opportunity to acquire a superb l’Adamante residence on the Anahita world class sanctuary stretching along the shoreline of the east coast of Mauritius. There are three bedrooms, three bathrooms, Media room, patio/terrace, and a swimming pool. The price tag is $1,285,000 US and this includes sophisticated furniture suitable for island living and a plasma TV screen in the living area and each bedroom. The residence overlooks the signature 9th hole of the Anahita Four Seasons golf course, with an extinct volcano as a backdrop against the lush untouched Mauritian forest. There are superb views of the Indian Ocean from the Ernie Els designed course as it winds its way through the native trees and across rocky outcrops.

 

Grand bay is the location for a stunning four bedroom villa set in a prestigious secured residential complex of six villas, with green spaces, private swimming pool and garden. This prestigious residence is an ideal purchase for a principal residence, a second home retreat or to generate a highly profitable property investment. There’s also access to a tropical spa, reception desk and boat parking facilities, for funding of $1,230,000.

qualityvillas (Medium)

 

You could secure the keys to a spacious penthouse strategically located on the north-west coast of Mauritius, just 15 minutes from the capital and less than 10 minutes from bustling Grand Bay for $1,110,000. The prestigious four bedroom property offers 400 square metres of spacious lateral living, private plunge pool and extended private outdoor verandah on an exclusive development.

If you are required to have a written purchase offer in order to avoid losing your selected property, it is advisable to indicate a short deadline (8-15 days) for the offer, as well as the conditions regarding the seller’s response and to indicate the sale will be legally binding only upon signature of the pre-sale contract. It is also advisable to stipulate the offer can be revoked by the buyer if the seller does not accept the offer within the deadline given. For all aspects of buying into Mauritian property seek the services of a quality notary who knows the market inside out and can offer the very best advice. It could also be very useful if they speak French too.

Mauritius offers top quality 21st century investment – and the perfect melting pot.

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