Investing in real estate in Mauritius is a profitable operation on several levels and particularly thanks to rental investment. Indeed, in Mauritius the rental property market is in full swing. The demand for long term rentals of houses, villas, penthouses and apartments is growing and strengthening in Mauritius. In order to rent your property in Mauritius, it is recommended to know its real estate market and to be accompanied in the formalities and procedures.
First of all, the geographical location of the property is one of the first criteria sought by the rental demand. If the outskirts of the city are often sought after for their peace and quiet, there is a strong demand for proximity to the city. The majority of demand comes directly from tenants who are looking for a dynamic living environment with entertainment and proximity to the workplace. In general, young people and singles are heading to the cities and are looking for small flats with affordable rents.
This demand may come from young students from neighbouring countries such as Reunion, Seychelles, Madagascar or South Africa. This demand is oriented towards shared apartments in the areas of Moka, Grand Baie, Tamarin and Flic en Flac.
There is also a large proportion of furnished accommodation on the rental market. This is because there is a greater demand for furnished accommodation as few expatriates move with their furniture. Make sure that you are well informed about the different terms and conditions for furnished, semi-furnished and unfurnished accommodation. While furnished rentals are more attractive to fixed-term clients for practical reasons, unfurnished rentals are less popular and therefore less expensive. The budgets of properties on the rental market depend mainly on the season, the location but also on the services included with the property such as maintenance of the exterior, water/electricity charges etc.
These criteria are important to take into account in order to understand the needs of the client, which is one of the steps in the process of renting out a property.
If you do not live in Mauritius or are not a resident, renting out your property can be more complex. In order to make things easier for you, there is our property management service which allows you, thanks to our BARNES consultants, to put your property on the rental market and to ensure its management. Our BARNES agency offers a Property Management service which provides you with a range of services from marketing your property to liaising with prospective tenants, including administration and maintenance.
Our team will assist and advise you in putting your property up for rent in several stages.
Our consultants at BARNES Mauritius are at your disposal for any rental property project or any additional information on the rental contract and its functioning. Do not hesitate to contact us if you need to or ask for a free quote.