Mauritius, the perfect place for a second home
Category Investment
Mauritius, referred to as the "Pearl of the Indian Ocean", remains a vibrant and active country despite the Covid-19 pandemic. With a population of just 1.3 million, many investors are setting their sights on investment properties and retirement homes on the island. Mauritius had grown in popularity.
Mauritius has started to see a significant upsurge of interest. This is quite an interesting shift, given many people had been opting for European destinations such as Portugal or Greece in preference to somewhere virtually on the doorstep.
Mauritius is a country with a growing economy, due to an influx of tourists as well an increase in the labour force from overseas, aided by the expansion of its financial, industrial and IT sectors. This is reflected in an increase in demand for property to rent or buy.
Many who holiday in Mauritius for the first time fall in love with the lifestyle and beauty of the island, returning again and again. Many end up buying a second home or opt to retire there.
With a near perfect climate, lively and warm people, great food and a low crime rate, it is the ideal location.
Mauritius should be on top of investors' lists.
Flights from Johannesburg and Cape Town makes getting to Mauritius so easy; a year-round tourist season provides a thriving rental market with attractive returns for those looking for overseas investments that you also use yourself as and when it suits you, and great long-term rental opportunities as an increasing number of companies, along with key staff, are relocating to Mauritius. This, in turn, places increased demand for long-term rentals.
Mauritus is safe and has good schools.
You will be as amazed as Mauritius is definitely worth looking at.
Author: IOL - Alyssia Birjalal