4 reasons why you should buy property off-plan

Conditions imposed by the global pandemic continue to inspire people to make changes to their home environment and lifestyle. Many are keen to buy property off-plan that better suits their changing needs.

Those who are scaling up or down, or planning to move to Covid-safe countries like Mauritius will be well advised to buy property off-plan.

4 reasons to invest in property off-plan

1. Reputable developer The most important thing to do is research the developer to establish their track record. Do they deliver according to their agreements with buyers? How many homes have they sold off-plan and delivered within agreed timeframes and according to quality standards? Buying off-plan from a reputable developer, with a proven track record, is a must.
2. Early-bird pricing The first phase of a new development is always competitively priced to get sales going. Buyers who get in early will have the pick of the properties. Therefore they will see accelerated capital growth compared to investors who buy when the development is established. By the time early-bird buyers celebrate the completion of their new home and move in, their investment will already be more valuable.
3. Brand-new home When you buy off-plan from a reputable developer, you spare yourself the stress of managing the design and construction of a new home. In addition, you may customize your home according to the options offered by the developer. This opens up your choice of layout, fixtures, and fittings.
4. Rentability Buying a property off-plan is a good idea whether you plan to rent it out or live in it yourself. You can enjoy a property untarnished by any other resident’s presence. This will also help you secure a higher rental. As you can’t be sure that the dates of transfer and occupation will coincide, you might have to set money aside for occupational rent.

Invest in a home off-plan and live at the beach

2Beach Residences by 2Futures is selling off-plan in the north of Mauritius. It is located on freehold property within walking distance of Pereybere Beach. This is a very popular stretch of white sandy beach and yet it is never overcrowded. Buyers also get automatic access to the prestigious 2Beach Club at Pereybere Beach.

Grand Baie is the neighboring village to Pereybere. There is also a large selection of restaurants, bars, coffee shops, and fitness outlets here as well as water-sports activities. If you enjoy retail therapy, you will love visiting the malls or local markets.

2Beach Residences prices start from USD300,000. Syndic fees are low at this development and there is underground parking. In Mauritius, there is no capital gains tax, no inheritance tax for direct descendants when the property is transferred, and no housing tax. The only real estate tax payable is a land transfer tax levied at 5% on the purchase price.

Visit the 2Beach Residences website to learn more.