There are plenty of reasons why buying a vacation home in Mauritius is a wise decision. Many developers in recent years turn out Mauritius homes for sale well suited as seasonal residences for holiday getaways.
In building the said homes, developers in Mauritius have recognised that there is a growing crop of buyers sold on the benefits of buying a vacation home. Briefly, here are some of the advantages of picking a vacation residence from listings of Mauritius homes for sale of recent vintage.
Most Mauritius residential property developments, either recently delivered or in progress, are in popular vacation travel destinations potent for rentals. The owners of vacation homes in these properties can rent out their units when they are not using them and conveniently so. Property management companies typically handle rentals in such developments. Some of the best choices are notably in the north of the island. Here, 2Futures’ early developments have successfully penetrated the tourist rental market. These early successes include Cape Bay and Element Bay. Coming up on a similar promising track are Ki Resort and Ki Residences in Pereybere.
Opportunity to build wealth
Real estate properties, particularly in popular vacation areas, appreciate in value over time. Even if a vacation home is not rented out, holding it could thus help build wealth for its owner. Moreover, qualified home purchases under the government’s real estate investment schemes enable foreign homebuyers not only to live in Mauritius. With a residence permit obtained, they can also work or grow their careers using Mauritius as their base.
Tailor-fit programmes for vacation homes
There are plenty of Mauritius homes for sale built under programmes opening foreign investments on vacation residences on the island. The G+2 scheme is one of these. It specifically allows foreigners to buy apartments in condominiums of at least two levels above ground. Purchases have to be at a minimum price of MUR6 million or the equivalent in a convertible currency. Conducive for rental investors, the government allows purchases of more than one residence in a G+2 project like 2Beach Residences. Foreign buyers of G+2 residences can enjoy their property as a vacation home through a long-stay visa.
Grooming a permanent home
Listings of Mauritius homes for sales provide picks on a vacation residence that buyers can customise as their permanent home later. Such selections are especially attractive for those looking for a residential property ideal for their retirement. Early on, they can tailor-fit their homes to their needs and preferences.