If you live in a country where safety is a concern, try living under the Mauritius sun. Yes, that is a play on the title of Under the Tuscan Sun, the 2003 movie where “Diane Lane journeys to Tuscany and jumps into real estate”.
You may be inspired to do the same thing when you land on this tropical island. However, here the options to buy into new luxury property developments are widespread. Especially in the ever-popular north. No need to buy and flip property here unless you really want to.
Take South Africa vs Mauritius as an example. In 2019, New World Wealth reported that South Africa ranked around 70th worldwide and fifth in Africa in terms of safety. But that was behind the likes of Mauritius, Botswana, Namibia, and Morocco.
When your home is somewhere in the world that prevents you from walking freely in the streets without fear of attack – especially at night – the reverse scenario feels surreal. Imagine a life without security guards and surveillance systems 24/7. Luxury property developments in Mauritius provide them because that’s what buyers want but they are a nice-to-have rather than an essential benefit.
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Stay safe in sunny Mauritius
Safety is one of the key drivers of wealth growth in a country. Mauritius has been one of the fastest-growing countries in the world over the past decade (2010 to 2020) with a wealth growth of 76%.
New World Wealth lists 4 possible reasons for its strong growth over this period:
Ease of doing business in the country – Mauritius ranked first in Africa and 13th worldwide in the World Bank’s 2020 Doing Business Report.
Strong HNWI growth – a large number of wealthy individuals (HNWIs) have moved to this jurisdiction over the past decade. In addition, many locally born HNWIs have been created as the economy has grown. Mauritius is now home to around 4,400 HNWIs, compared to 2,500 HNWIs a decade ago.
Mauritius has a fast-growing financial services sector and stock market (SEMDEX).
Low taxes, which encourage business formation and appeal to retirees. Notably, there is no inheritance tax or capital gains tax in Mauritius.
“Going forward, we expect Mauritius to experience wealth growth of around 80% over the next decade (to 2030). This will make Mauritius one of the fastest-growing wealth markets in the world, along with Australia, New Zealand, and Malta. By 2030, HNWI numbers in Mauritius are expected to reach over 7,500 compared to around 4,400 currently,” says Andrew Amoils, wealth analyst at New World Wealth.
Travel to sunny climes
When Mauritius reopens its borders on July 15, 2021, that is the time for retired ex-pats and anyone else looking for a stable jurisdiction with a plethora of lifestyle benefits to visit with a view to stay. If not immediately, then in the near future.
Mauritius is lauded for its management of the Covid-19 pandemic, and the island government will continue to take all necessary precautions to ensure the safety and well-being of visitors.
This Indian Ocean island is known for its pleasant tropical climate, well-preserved coastline, multi-culturalism, hospitable people, and exceptional living environment. As far as the island real estate market is concerned, Mauritius is home to some of the best lifestyle estates in the world. And Mont Choisy Le Parc Golf & Beach Estate is a contender for a top 10 lifestyle estate ranking worldwide in 2021, according to New World Wealth. “Top-end estate apartments in Mauritius are now among the most exclusive in Africa, with prices reaching as high as USD 6,000 per square metre, which is similar to prices in Clifton and Bantry Bay (the most exclusive parts of Cape Town),” says Amoils.
The beauty of living at Mont Choisy Le Parc Golf & Beach Estate is that it is at the heart of the new Smart City. It will feature a vehicle-free boulevard and parkway linking Mont Choisy to Grand Baie – arguably the favorite among touristy destinations on the island. It is also the site of the only 18-hole golf course in the area.
The point is to encourage a healthier, more active outdoor lifestyle. Just imagine. You can walk, run or cycle between the two villages without having to worry about traffic and, again, safety! On the estate, golf is a resident’s privilege. There are also tennis courts and horse-riding facilities. And it’s just a short walk from the beach.
You can’t help but relax in this type of environment. Contact 2Futures sales consultant Rinie Boshoff to find out more about where to rent or live. Rental management is part of the deal.