Why buy real estate in Mauritius after the coronavirus pandemic?

Why buy real estate in Mauritius after the coronavirus pandemic?

By Olivier Babet

The stone as a safe haven 

 Real estate is unrivalled as a safe haven during this period when the world's major stock markets are plummeting. Rental yields are still safe investments in these uncertain times.  

Due to the situation related to the COVID-19, the European Central Bank (ECB) has made provisions for rates to remain low in order to support the economy. This is a very good thing for investors who feel reassured by this support.

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The financial markets are weakened because of this Pandemic, which leads us to this question? 

 Is this an opportunity to invest in real estate in Mauritius to take advantage of the recovery or should one on the contrary secure one's investments and not invest?

 Many investors are asking themselves the same question in addition to getting help from their financial expert. But what is most reassuring is to see how Mauritius, a small jewel in the Indian Ocean, has managed this crisis with a very controlled contamination curve that has not put the country in a situation of continuous containment. Therefore, it is certain that investment in Mauritius remains a sure thing and the value of stone on this paradise island is not waning.

 

The fundamentals of the Mauritian economy are strong 

The current pandemic is putting a strain on the world's economies, but the foundations of the Mauritian economic system remain solid. The government and the Bank of Mauritius have assisted many companies to keep their heads above water including many players in the real estate market to continue their operations to allow continuity in real estate investment in Mauritius.   

The advantages of investing in Mauritius remain the same.

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 Mauritius has retained and adopted some of the laws and regulations of France. As in France, when buying off-plan, there is a financial guarantee of completion and a ten-year guarantee. In both old and new construction, the costs of acquisition are 1.5% notary fees plus 5% registration fees, known as transfer fees. And it is worth noting that real estate developers are in the process of refining their real estate offers to adapt and cope with the crisis by continuing to boost the industry. 

While it is important to remain prudent with investment in these uncertain times, the best thing to do is to get advice from the best. At BARNES Mauritius, despite the confinement, our consultants remain at the disposal of their clients. Please send us your request on mauritius@barnes-international.com, we would be delighted to answer your questions.