Mauritius Remains Attractive To South Africans Looking For Lifestyle, Property And Investments
Category Buying
As more South Africans seek a change of scenery to live, work or invest in, Mauritius continues to feature high on the list.
Since the sharp uptake in demand for property in Mauritius since 2021, the tropical island remains attractive for its natural beauty, hospitable tax regime, security, and liberal property market.
Therefore, more South Africans are researching the island lifestyle and exploring investment opportunities.
There are several reasons why South Africans want to retire, live, or invest in Mauritius. The country has a stable economy and a strong tourism industry. Mauritius is a member of the Commonwealth of Nations. This means that citizens of Commonwealth countries can travel to Mauritius without a visa.
Mauritius has a favorable tax regime, with no income tax, capital gains tax, or estate tax. The cost of living in Mauritius is relatively low, and the country has an efficient healthcare system. Finally, Mauritius is a beautiful country with a temperate climate and a diverse landscape.
Mauritius is also currently one of the least expensive options for South Africans seeking to obtain permanent residence-by-investment in another country.
Its "golden visa" is poised to become more highly sought after since Portugal - the most popular residence-by-investment destinations in Europe - announced that it is closing its "golden visa" programme and will not be accepting new applications.
On the island, a four-hour flight away from South Africa, non-citizens can obtain immediate permanent residence by investing a minimum of US$375 000 in certain types of property - the well-known Integrated Resort Schemes, Real Estate Scheme and Property Development Scheme developments as well as Smart Cities and Ground+2 apartment developments.
The growth in interest in investing, buying property and living in Mauritius has driven our programme to host appointments around the country next month.
RE/MAX 24, a leading real estate agency in Mauritius, will host appointments on 8th May in Johannesburg, 9th May in Pretoria, 11th May in Nelspruit, 12th May in Bloemfontein, 15th May in PE, 16th May in Durban and 17th May in Cape Town.
As a leading Mauritian real estate agency, with a large presence in this market, we have the expertise to make our clients' path to residency as smooth as possible, as well as the 'inside track' on the latest and best listings available to foreign buyers."
RE/MAX 24 Mauritius director Errol Areington and Brand Ambassador Cabous Van Der Westhuizen is available to discuss:
- The growing interest from South Africans in living, investing and buying property in Mauritius.
- The property market in Mauritius.
- The "golden visa" and other opportunities.
Author: Africa.com & RE/MAX 24