The rental property sector in Mauritius has undergone a rapid expansion since the government launched several programmes opening real estate investment in the island to foreigners. Significantly, renting out purchased residential properties is amongst the incentives of these investment schemes. As a result, property investment in Mauritius and other renting choices like apartments have multiplied on the local market in recent years.
Keen competition amongst players in the island’s rental sector, hence, could be expected, especially for properties geared towards tourists. Already, Mauritius flaunts a very wide selection of hotels, ranging from 2 to 5 stars.
Be that as it may, the potential returns from a rental investment can’t be discounted. Mauritius, in recent years, has been fast diversifying its economy into other potent economic drivers. Its recent strong forays into industries like ICT, for instance, are poised to add tailwinds for the island’s rental properties.
With this scenario, landlord wannabes on the island just need to be sharp in their property investment choices. Consider the three tips below to help you choose a rental investment property in Mauritius.
Serenity Villas corners a vital slice of Pereybere conducive for rental property investors.
Pick from self-contained districts
Demand now drifts higher for rentals properties in self-contained districts with a live-work-and-play environment. Serenity Villas precisely delivers this, with its strategic location in Pereybere.
Investing in a property rental in Mauritius in a great location enjoys proximity not only to the prime travel attractions and life and leisure hubs, but also all amenities. These residences are also just a short distance from the current and emerging business and employment centres on the island.
Lock on the seniors’ market
Mauritius has been grooming itself as a destination for non-citizen retirees and has taken further initiatives recently towards this objective. The residence permit for retirees has been extended to a renewable 10 years, under the guidelines of the government’s 2020-2021 budget.
Les Residence de Mont Choisy is one of the leading real estate developments in Mauritius with great rental possibilities for foreign retirees. This development shares the various amenities of its adjoining community for seniors, Le Domaine de Grand Baie.
Seek promising rental property investments in developments suited for expat families. The Mauritian government has recently adopted new policies to attract more foreign talents. Expats working in Mauritius can have not only a spouse or partner live with them in the country. Under recent government guidelines, they can bring in their parents to live with them in Mauritius as well.
Property investment in Mauritius includes, villas, the rentable apartments in G+2 projects like Ocean Grand Gaube. Significantly, you can purchase more than one unit in such developments, thereby optimising the earning opportunities from a rental investment.
Contact a 2Futures consultant for the comprehensive steps on investing in G+2 apartments or any information you need on property investment in Mauritius.
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