Coronavirus & real estate: Which consequences for your future purchase?
Through the current sanitary situation we are going through, it is difficult to understand the evolution of the real estate market and the impacts of the covid-19 on the real estate market.
Concerning Mauritius, after a long period of confinement, the authorities have decided to relaunch the country's economy. The island is still a high-end paradise for foreign investors.
The real estate market is becoming dynamic again post-confinement!
Indeed, the market has been strongly impacted and real estate agencies in Mauritius have experienced difficult times during the containment period. Many real estate projects have been postponed and visits of properties could not be assured.
Since the beginning of 2021, and despite the health and economic impacts, real estate in Mauritius is gradually picking up. Property visits and administrative procedures are once again possible. This economic and health crisis has allowed the Mauritian authorities to rethink the way to invest by launching new measures to support future investors. On the other hand, the promoters are thinking about the realization of new projects.
Mauritius will reopen its borders very soon, buying and renting on the Island will be possible again!
Mauritius is a perfect destination for a post Covid 19 investment project. The real estate activity is reviving and boosting thanks to the new measures taken by the government but also thanks to the digitalization of administrative procedures.
After a crisis that has hit all major cities in the world, many investors want to acquire a property or a second home on a tropical island. Mauritius is the perfect answer to this demand as it offers a wide range of investments with prices accessible to all. Due to the current situation, prices are more affordable and the demand for rentals and purchases is increasing strongly!