Residential developments exclusively for Mauritian buyers are amongst the best-selling properties of 2Futures. At Le Barachois, which 2Futures completed in 2020, local buyers already took all its available units. Another project, Ocean Point, only has two apartments left unsold on the Mauritius real estate market as of the 2021 second quarter.
Government incentives, especially those for first-time homebuyers, help whet Mauritians’ appetite for investing in residential properties. These inducements and other general motivational factors contributed to elevating the Mauritian homeownership rate amongst the world’s highest.
Le Barachois duplexes score a hit amongst Mauritian homebuyers.
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Interest-free home loans for Mauritius real estate
A virtually interest-free home loan is one substantial incentive that Mauritian first-time homebuyers get. They can deduct from their annual taxable income the interest paid on their home loans.
Effective since the 2016-17 income tax year, this tax incentive applies to homebuyers with an annual income not exceeding MUR4 million. This incentive also applies to the refinancing of a previous housing loan.
Besides this incentive, domestic homebuyers now have wider choices of quality residential properties in high-end Mauritius real estate developments. In them, Mauritian homebuyers can conveniently skip the complex process of lot purchase and undertaking the home construction themselves.
Ocean Point apartments are suitable as primary or second homes. These residences also offer the potential as tourist rentals, given their wonderful beachfront location at Pointe aux Biches.
Delightful facilities and amenities
Notably, this coastal area has already served as a successful template for major hotel industry players. These establishments include Le Meridien and Westin Resort & Spa.
These nearby attractions aptly complement Ocean Point’s luxurious onsite facilities. These amenities include:
A beachfront infinity pool and kids’ pool
Private beach loungers for a suntan
Barbecue kiosk for picnics
24/7 concierge service
24/7 security
Onsite parking
Winsome beachfront apartment choices
Set with a development value to the tune of USD9 million, Ocean Point features a gross building area of 2,202 square metres. Its three residential buildings flaunt a contemporary design featuring strong but clean geometric patterns. Their apartments’ floor plans embrace outdoor space, thus allowing breath-taking ocean views as well as extensive use of natural light.
Furthermore, Ocean Point tempts buyers to move in with the sumptuous colours and textures of its apartments’ interiors. The functional features of the residences impress as well, with their built-in European kitchens and essential fixtures and appliances. This development, moreover, offers the convenient option of a modern deco pack.
These are but a few of the come-ons and benefits that entice Mauritian homebuyers to Ocean Point. What’s even more, 2Futures maintains a full portfolio of similar luxury Mauritius real estate developments also loaded with buying incentives. Free free to take a look at our beachfront properties for sale in Mauritius. For further details, contact 2Futures consultant Rinie at +230 5817 75 or rb@2futures.com.
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