How to pick rentals cashing in on luxury holidays to Mauritius

Smart investors are wont to include rental properties in their investment portfolio. A rental property, according to industry watchers, has the potential to bring higher returns than stockholdings. This observation gains even more credence, considering the lucrative rental demand from tourists on luxury holidays to Mauritius.

The island’s tourism industry has just begun implementing ways to resolve Covid-19 concerns so it could catch the estimated 1.3 million tourists that visit Mauritius annually.  For investor wannabes, it’s thus the right time to explore rental investment possibilities in the “new normal” of Mauritius tourism. Here are some investing tips on tourist rentals on the island.

Focus on the north of Mauritius

The rental properties with the best earnings potential gravitate towards the north of Mauritius. This region offers a microcosm of all the island offers, from sandy white beaches to the island’s cultural icons.

Because of these attractions, real estate developers have been quite active in the north of Mauritius. From 2Futures alone, rental investors can choose from a range of properties in the Grand Baie area. By early 2021, in fact, 2Futures would be delivering some rentable units at Les Residences de Mont Choisy and Le Domaine de Grand Baie.

Pick the scheme right for you

The Mauritian government has developed investment schemes enabling foreigners to buy real estate on the island. Pick the programme that best matches your investment capacity and objectives.

The rental investors’ typically first choice is the G+2 scheme. It allows a non-citizen to buy luxury apartments priced from MUR6 million. This purchase, payable too in any other freely convertible foreign currency, doesn’t require an occupational permit.

It doesn’t grant residency status outright though, unlike such investment programmes as the Property Development Scheme (PDS). Under the PDS, the purchase of a residence priced from USD375,000 makes the buyer eligible for a residence permit.

Match rental investment with the target market

Seasoned developers like 2Futures have properties well-designed for various types of tourists bound for luxury holidays in Mauritius. At the Le Domaine de Grand Baie, for instance, the residences exclusively cater to seniors or retirees. The 2Futures’ development Ocean Grand Gaube, on the other hand, features large G+2 apartments for vacationing families.

Significantly, these developments are located in the north of Mauritius where tourists prefer to stay. These tourists pay monthly rentals starting from MUR130,000 for luxury accommodations, as per one industry report.

Get on board as Mauritius begins to jumpstart its travel trade, building upon its success in containing the coronavirus. Our 2Futures consultants can provide a walkthrough on the rental properties geared best for luxury holidays in Mauritius. Contact a 2Futures consultant today.

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