Mauritius: A Haven for Affluent Buyers and Promising Investment Opportunities
Submitted by: Marie Smal
Discover the Untapped Luxury Real Estate Market and Investment Potential in Mauritius with Harcourts Offshore.
As the globe recovers from the pandemic, the luxury real estate market in Mauritius is making a comeback. Harcourts Offshore, a leading real estate firm, is ecstatic to report that there has been an increase in interest from the United Kingdom, Europe, and South Africa in the luxurious properties on the island.
Local developers and international agents have observed a considerable hike in foreign direct investment in the country, with over 63 billion rupees (R25 billion) pouring into the luxury real estate sector between 2014 and mid-2020, representing 40 percent of the total international inflow. Bloomberg reported recently that Mauritius would receive an additional 25 billion rupees (R10 billion) in 2022, verifying the trend. With a staggering 78% increase in high-net-worth individuals totalling nearly 5 000 according to the Africa Wealth Report 2022, it's no surprise that Mauritius has become a haven for affluent buyers.
Mauritius has a highly accessible emigration policy offering residency permits covering three family generations, hence the growing trend of families relocating, either full-time or part-time. This is also due to the pleasant climate, opulent lifestyle, favourable business environment, and outstanding educational institutions available. The untapped business market, proximity, and tax incentives have also created an enticing prospect for South African entrepreneurs seeking alternative investment. In addition to its economic stability, with a GPD of 11.53 billion US dollars as of 2021, the small island paradise is also considered the safest country in Africa.
Denis Dunn, co-owner of Harcourts Offshore, is excited to invite his clients to join him on an exclusive trip to Mauritius in July 2023. “This is an opportunity for clients to view our stunning developments and properties as well as experience the luxurious lifestyle of Mauritius first-hand. We believe that seeing the beauty of the island and the investment opportunities it presents will convince clients that this is a rare chance to invest in luxury property in Mauritius.” Denis said.
"At Harcourts Offshore, we prioritize the economic growth of our citizens. Our strategic move to explore foreign investment opportunities in Mauritius will not only contribute to the growth of their economy but also to ours. As distinguished business owners of Harcourts, we recognize the potential benefits of expanding our reach and tapping into new markets." As stated by Hartwieg and Azelle du Rand, co-owners of Harcourts Offshore.
"Regarding residency options in Mauritius, there are a few possibilities that could serve as a valuable asset for numerous South Africans from a property standpoint. In addition, there are noteworthy tax benefits to consider. Moreover, the properties in question boast stunning aesthetics and represent a sound investment opportunity. Our exceptional Harcourts team stands ready to assist you with all of your property needs in Mauritius," conveyed Eberhard Kruger, another one of the esteemed owners of Harcourts Offshore.
“We've seen a growing interest from South African investors in this promising emerging market. With impressive capital growth, low-interest rates, fractional ownership, and remarkable tax savings, there's a perfect balance between lifestyle and significant returns on investment. And at Harcourts Offshore, we provide a unique range of trusted services and products to help you discover the Mauritius property market with enthusiasm.” Morné Vorster of Harcourts Offshore draws a conclusion.
At Harcourts, we care deeply about relationships, We have an unshakable desire to help those we work for and that work with us, achieve success. It’s about more than property, we help you find where you belong. Our mission is simple: to deliver exceptional, personable service and the best possible outcomes for every client we work with. Harcourts have been helping clients since 1888, and today has over 900 offices in nine countries comprising over 10,000 team members. Our global presence gives us the benefits of a wide referral and marketing network as well as the expertise of local professionals who have a deep knowledge of the areas where they live and work. Harcourts have a unique way of doing things that has served us, and our clients, for over 130 years. We make it our business to understand intimately the way the market and consumers interact, but the key to our success is in understanding how we interact with our clients. We’d like to think that everyone who works with us is enriched by the experience. Harcourts Offshore is perfectly positioned to answer all your questions related to property investment in Mauritius.
