4 tips on buying a new home in Mauritius

Searches on properties will certainly veer towards a slew of choices in new real estate projects. In the Real Estate Scheme (RES) alone, which the government tailor-made for foreign buyers, the government has listed 85 projects.  An additional 54 developments have also been entered in the Property Development Scheme (PDS), another programme open to foreigners.

The property portfolio of 2Futures already offers various residential types in eight projects under construction as of the 2020 fourth quarter. Here are four tips to help buyers decide on which residence to choose.

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1. Define your purchase goal

It’s basic that buyers need to match the type of property they’re buying with their objective for the purchase. 2Futures’ Serenity Villas, for example, is an ideal choice for foreigners with the goal of relocating for good in Mauritius.  Its villas bring the pride in homeownership top of mind for those moving permanently on the island.

Investors, on the other hand, have great picks in apartments like those in the beachfront Ocean Grand Gaube that are primed as rental properties. These spacious apartments are likewise suited to double up as a seasonal family vacation residence.

The Serenity Villas of 2Futures offers the best buying opportunities for foreigners moving to Mauritius for good.

2. Keep within your budget

Analyse your home buying power, factoring in your income, debts, and expenses. Financial advisors estimate that buyers can afford housing that costs about 2.5 times their annual income.  Lenders, on the other hand, typically advise that buyers should only spend from 35 to 45 per cent of their pretax income on housing.

3. Consider buying off-plan

There are plenty of Mauritius homes for sale available off-plan or in a sale before their completion. Buyers pay in staggered amounts under an off-plan purchase, with the payments set depending on the stage of construction, amongst other things. It also enables buyers to provide personal inputs in the planning and final design of the residence.

4. Choose the reliable developer

Mauritius has spawned many property developers following a real estate boom when the country opened its home market to foreigners. Your best pick would be a developer in the mould of 2Futures already intimate with the island’s real estate sector. Hallmark of a trustworthy developer especially on off-plan purchases, 2Futures has delivered on all of the projects it started.

It’s also better to deal with a full-service developer like 2Futures. It offers all the expertise and resources for a successful search from the various options on Mauritius homes for sale. Contact us for professional help to seal a deal perfect for your wants and needs.

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