Mauritius real estate remains a dominant investors' choice

Many investors are not letting the Covid-19 challenges derail their plans to put up stakes inreal estate. During the first nine months of 2020, real estate activities took almost 73% of gross direct investment in Mauritius.

Mauritius property investments during the period amounted to MUR6.62 billion, Bank of Mauritius figures show. Out of this total stake, real estate development schemes open to foreign investors accounted for MUR5.11 billion.

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Developers are optimistic

These property investments draw inspiration from the firm commitment of real estate developers on their projects. The Economic Development Board (EDB) noted in its end-2020 report that the local developers “are more optimistic for 2021 and beyond.”

The EDB reported 74 major property developments are in progress on the island despite the pandemic. It added that 30 new projects are also moving to the construction phase in 2021. The EDB said the residential projects amongst these developments would generate MUR9.2 billion in direct investments.

Sold out, but there’s more

Indicating a pent-up demand for luxury Mauritius real estate, the Casa Alegria Beachfront of 2Futures was sold out in February 2021. Located in the Pereybere beachfront near Grand Baie, this project has a development value of USD8 million. Casa Alegria’s gross building area is 2,300 square metres, good for 13 high-end residences.

Investors who missed out on the villas available at Casa Alegria have another chance in a nearby project. This 2Futures development, Serenity Villas, is located in Grand Baie and set for 10 luxury villas. The project has a gross building area of 4,196 square metres and a development value of USD22 million.

The pricing of the residences in Serenity Villas, a PDS project open to foreign investors, starts from USD1.4 million. These villas feature 4 beds and 4 baths within lot areas ranging from 798 to 886 square metres.

Casa Alegria Mauritius — Casa Alegria is already sold out, and the sales pace in its sister developments in Pereybere is heating up.

Apartments at softer price points

There are many real estate properties available too at softer price points of under USD1 million. Many of these choices are available at another PDS project of 2Futures, Ki Resort. The prices quoted for this development located in Pereybere start from USD375,000. This applies to penthouses with two bedrooms and two baths in lot areas of between 118 and 179 square metres.

Alternative picks available in Pereybere include the apartments at Ki Residences. The choices in this development include two- to three-bedroom penthouses with lot areas ranging from 191 to 274 square metres. Their prices range from USD640,000 to USD747,000.

These varying price ranges contribute much to building the interest of foreign investors in Mauritius real estate. For the price points ideal for your investment needs, contact 2Futures consultants Rinie at +230 5817 75 or rb@2futures.com or Sandra at +230 5474 0302 or sc@2futures.com.

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