The government approved a total of 400 applications for residential properties to foreigners in 2020. These purchases, made under the various real estate schemes for non-citizens, may hit a higher total in 2021. Despite the Covid-19 pandemic, Mauritius real estate developers like the island’s No. 1, 2Futures, entered 2021 firing from all cylinders. More choices on upscale properties are moving onto the market.

Ki Residences and Ki Resort —are projects approved under the government’s Property Development Scheme. Both are located in prime locations at the village of Pereybere, one of the popular beach destinations in the north of Mauritius.

Beach resort facilities included

2Futures is building a total of 176 residences in these two projects: 120 for Ki Resort and 56 for Ki Residences. Purchase of a residence in these developments is bundled with access to 2Beach Club. The construction of the club’s beach resort facilities, which are directly on Pereybere Beach, is also well in progress.

Construction is also moving forward on schedule at another 2Futures project in the north of Mauritius, Ocean Grand Gaube. This beachfront development in the village of Grand Gaube is bringing into the market 42 residences.  2Futures is developing this property under the G+2 scheme that also unlocks Mauritius residential property for sale to foreigners.

Sources of market excitement

The extensive residential choices that have been building up in 2Futures’ property portfolio should help further excite the local real estate market. Foreign investors have notably continued searching for opportunities on Mauritius property for sale even amidst the pandemic. As of the 2020 third quarter, foreigners invested MUR5.1 billion in the country via its real estate schemes. These investments accounted for more than half of the MUR9 billion gross foreign direct investment inflows for that period.

Foreign investors continued channeling their resources to Mauritius properties not only because they find these investments more stable and secure. The government has also further sweetened its incentives for non-citizens’ purchase of Mauritius real estate properties. It lowered, for instance, the price threshold to USD375,000 for foreign buyers to gain residency on the island. Given this status, these buyers will no longer require an Occupation/Work Permit to invest and work in Mauritius.

Corner the Mauritius residential property for sale with the best potential for asset growth. Our consultant at 2Futures will walk you through various builds well underway as exciting options in 2021 and onwards.

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