Tag: real estate investment

For Christmas, treat yourself to a luxury freehold villa on one of the most beautiful islands in the Indian Ocean: Mauritius.

498453504

You can become the happy buyer of a beautiful villa in Mauritius since 2002, even if you are a foreigner. Mauritius real estate investment plans offer properties for sale, but only through exclusive real estate development projects such as IRS, RES and PDS.

 

What are these real estate projects accessible to foreigners?

 

The IRS, RES and PDS offer beautiful luxury villas and apartments in a secure environment and recreation like a yacht club, spa, gym or golf course. Acquiring property under the IRS also gives you access to a permanent residence permit (for you, your wife and your children) if you buy a property worth more than $ 500,000

Mauritius has one of the most stable policies on the African continent, made up of a multicultural population that offers a bilingual workforce and a prosperous economy that evolves mainly from tourism, textiles and real estate.

 

For Christmas invest in your future!

 

Investing in Mauritius will create new income and retirement options.

 

When you invest in Mauritius, you invest in a secure real estate project that offers rental management of your future property. With more than a million tourist arrivals in 2017 and the growing popularity of vacation rentals in Mauritius, you can easily enjoy a new passive income while having your own vacation home on an island paradise, you may need to book your own villa to make sure it is available for your vacation 🙂

 

The best retirement destination in the world

 

After working for several years, you want to enjoy a peaceful retirement, but what about the setting? In Mauritius, you will enjoy beautiful beaches, a wide range of leisure activities from golf, fishing, hiking in natural parks. The Mauritian currency is also very low compared to other currencies, so you have access to a better lifestyle with much less money.

Advertisements

Things to do before renting a home to a tenant

calculate-compare-conveyancing-solicitor-fees

Before renting an apartment or a house, a landlord must realize different things. Some are imposed by law, others are recommended because after it will be too late or much more difficult to go back. Here is a guide to not miss your first lease of your real estate investment with information and tips for successful first steps of lessor. So we’ll answer the question here.

1. Choose between bare or furnished rental, main residence or seasonal, etc. Most of the rentals available on the private rental market are rentals as principal residence in unfurnished. Depending on the location of your property or its size, you can study the market for seasonal rental or furnished rental. Each of these rental types has advantages and disadvantages. The tax systems are not necessarily the same, the rules of operation with the tenant either. It is better to question the first rental on this kind of element because it can be long and difficult to switch from one to the other. For example, if you rent a non furnished house year-round, you are obliged to go on a lease of 1 to 3 years. You will have to wait for the departure of your tenants to be able to offer another type of accommodation to other tenants. It can be very long. You will not be able to ask your tenant to leave to change the use of your property, except in certain specific cases (leave for sale or for personal use).

couple-moving-into-new-home

2. Enhance the apartment or house To find a tenant more easily and especially to ask for a higher rent, you have every interest in taking the greatest care of your home. Do the necessary work to ensure that everything is in good condition, install equipment or useful storage, etc. Some elements really make the difference with other properties that are for rent in your city. By standing out, you put all the chances on your side to have a lot of requests for your rental and you will be able to place your rent in the high range of the market without it affecting the vacancy. Compared to the value of housing, do a little DIY or decoration costs very little but it can allow you to significantly increase the profitability of your investment. For those with rental housing in a geographic area where there is a lot of rental supply relative to demand, this is one of the ways to attract tenants to your home rather than to your neighbor and that without have to lower the rent too much to offer the best price / quality ratio. Home staging has the wind in its sails to sell more easily an apartment or a house by valuing it to the maximum of its potential. Even if few people talk about it, it can also have a net impact when renting. An investment in time and money that will quickly pay for itself.

135567406_700x300

3. Find a tenant A good tenant, who pays on time, who does not pose a particular problem and with whom you can easily exchange about this rental apartment or house is the dream of every investor. The search for tenants stage is therefore crucial and decisive. As we saw in the step of looking for information on the rents currently practiced in your sector for this kind of goods, it is better not to be in the upper bracket to attract tenants easily and especially to preserve them the longest possible. To find a tenant, you can advertise real estate ads, including the main free real estate sites

 

Tips for buying your first home

Think long term and think about resale: do you plan to have children. Do you take care of elderly parents? You can consider living in your first home for only a few years. In this case, who is your target audience when it comes time to sell the house? If you are buying a house in a bad neighborhood or a house on a busy street, when you are ready to sell the house, most families with children who enjoy their tranquility will be excluded from your list of potential buyers.

5a17ee03-f1e3-42f3-9b35-01e7cd8721bd

Make a list of things to check: buying a home is an emotional process. Ideally, you should put aside all your emotions when evaluating a home. But in reality, you will undoubtedly have a favourite for a home, so keep a list with the necessary criteria before making an offer to the owner.

Make an inventory of all the expenses during the inventory of the house: when setting up a budget for the house, do not stop with the monthly expenditure related to the maintenance but also the tax and insurance; add utilities, travel costs and upgrades. Call the companies that offer services that will be helpful after the purchase of the house and request a quote for the work for an assessment of your future expenses. In order to see if you can still afford to buy the house.

Make sure you read your contract before signing it: a home is probably the biggest purchase you will make in your life, so make sure you understand the terms of your contract. If you do not understand the terms, ask your notary and your real estate agent for more details. If they do not clearly explain the terms, do not go ahead and hire a new real estate agent who will defend your interests; there are enough people who will be more than happy to help and work for you

estate-agents

Find out more about neighborhood demographics: if you are buying a home in a booming vicinity, it would be a good idea to know if real estate projects or projects will change the landscape in the next 5 or 10 years.

Dream escapes properties 

Contact Us for more information about buying your first property in Mauritius 

Real Estate Investment – New PDS scheme Mauritius

blue-bay-850x525

Foreigners have the possibility to acquire the property in full ownership in Mauritius as part of an investment project. They can acquire a residence under the Property Development Scheme (PDS), or a suite in a hotel program under the Invest Hotel Scheme (IHS)

Two schemes are offered to foreigners to invest in real estate:

The PDS (Property Development Scheme)

Since June 2015, the Mauritian government has decided to harmonize the regulation of real estate laws within a single legal framework, the PDS (Property Development Scheme), allowing both Mauritian citizens and foreign investors to fully own their property .
The PDS, the only legal framework now in force, replaces the two previous regimes: the Integrated Resort Scheme (IRS) and the Real Estate Scheme (RES). These two types of programs were distinguished mainly by the size, fittings and selling prices of the real estate project:

517717_H_1

The Integrated Resort Scheme (IRS)

This system allowed foreign investors (natural persons and legal entities) to acquire luxury villas or residences with high-quality infrastructures (golf courses, marinas, swimming pools, restaurants, sports complexes). The minimum investment amount was EUR 390,000. It automatically conferred residence permits

The RES (Real Estate Scheme)

The scheme was open to foreign and local investors (natural and legal persons) for small-scale (4 to 10 hectares) real estate projects with a minimum purchase price of EUR 200 000. It did not automatically confer a residence permit.

The PDS does not impose a minimum purchase price to allow the foreign investor to benefit from Mauritian tax benefits. As with the old IRS and RES schemes, the investor receives a residence permit if the amount of his investment exceeds USD 500,000.

Zilo2-1170x600-c-center

Only recognized real estate developers with real expertise in the trade can develop PDS real estate projects. In addition, their project must be environmentally friendly and fit seamlessly with neighboring Mauritian habitat. The ecological aspect is taken into consideration: green spaces, infrastructures favoring good ventilation, solar panels, water recovery … are necessary elements for obtaining building permits under the new PDS scheme.

More info about real estate investment in Mauritius with Dreamescapes Properties

why retire in mauritius

Retire to Mauritius Island.

0fcb7cc569d1232fa9029340eb410348

While this may sound like a great adventure, retiring overseas is not as simple as you think.

We will guide you and try as much as possible to find the ideal place for your retirement in Mauritius and to simplify the process. Whether you are looking for a resident’s permit in Mauritius or a second residence to escape winter, the information we have collected will be useful.
Why Mauritius is a destination of choice for your retirement abroad.
The tourist industry, real estate investment and textile are the pillars of a thriving and expanding economy, Mauritius is a benchmark for the African continent a clear indication of its charm individuality and hospitality. Mauritius is above all a paradisiacal destination, with sun all year round, dream beaches enjoying a stable political situation for decades.

6d3c05f9d879c547f73e91d0634356a3

Mauritius is an island with a rich culture, beautiful scenery, natural attractions and recreation for your retreat on the island.

The Benefits of a Retirement in Mauritius

A stable political system, modern infrastructure and medical services and sustained economic growth serve to provide a favorable investment climate. Similarly, tax legislation in Mauritius is very low to purchasers of real estate, resulting in an increasing appreciation of the value of the property.

38428
Foreigners wishing to retire in Mauritius may explore options to obtain a permanent resident permit. They are also eligible for the acquisition of real estate in Mauritius under real estate programs following the IRS, RES and PDS.

Criteria for eligibility for residence permit as a non-citizen pensioner
To be eligible for a residence permit for a non-citizen on retirement, you must be 50 years of age or older and must commit to transfer to your local bank account in Mauritius at least US $ 40,000 per Year or its equivalent in any convertible currency. The total amount transferred over three years should be US $ 120,000.

Beautiful villa for sale in Albion Mauritius

domes-dalbions-1-835x467

Located on the western coast of a white sandy beach, Albion is a place that is experiencing a thriving development. 10 minutes from Port Louis, Beau Bassin and only 20 minutes from Tamarin, it is strategically located and easily accessible. This project of domed villas is located at the entrance of Albion. They have a 360 degree view of the surrounding coastline and you can even see the Coin of Mire in the north of the island. Enchanting setting for the sunset, this corner breaths calm and rest away from the traffic and noise of the cities.

Capture-6-835x467

20 individual villas for sale in Albion built with shotcrete, an advanced technology from elsewhere on 3.5 arpents of land.

The interior space of the villa will surprise more than a quarter the look is immediately towards this high roof with a feeling of volume in ‘loft’. The ambient temperature also contributes to the well-being of the residents, thanks to the warm air that escapes upwards and the constant ventilation that caresses the curve of the walls and goes around the house. Each villa has a built surface of 300m2 thanks to its covered veranda on the ground floor and its terrace which surrounds the house has the stage. The veranda is an extension of the living room and the view of the garden is in open angle. Swimming pool in galleries with a beach in Synthetic Deck. The garden is landscape. Automatic individual portal. Solar water heater with tank and water pump.

Capture-8-835x467

Jacuzzi, generator, air conditioner etc.
Near beach 2 minutes by car
Proximity supermarket by car
Proximity pharmacy, doctor, gym, restaurant, bus stop.

The advantages of Mauritius for real estate investment

Capture-4
In recent years, Mauritius, through its policy of good practice, has built a solid reputation in terms of ethics, good governance, transparency, economic and political freedom. The business environment is stable and favorable and the legal framework is clear and well defined. Mauritius is now recognized internationally as an ideal country to invest in.

Mauritius is constantly reinventing itself. The country is taking advantage of its strategic position at the crossroads of Africa, Asia and Australia. It is gradually transforming itself into an international center and jurisdiction for investors in real estate seeking security, transparent regulation and high added value, for example, as a platform for creating, investing or creating activities in Africa.

7907465614_247a8cc10b_k

 

Thanks to its strategic position in the Indian Ocean, Mauritius is a regional platform for trade, investment and tourism, interconnecting Africa and Asia with the rest of the world. The country is a business and financial hub, where business begins before markets close in the Far East and always on time to catch up Markets in the United States the same day.

Capture-7

Taxation

In Mauritius, the tax system is favorable: No tax on capital gains, No tax on interest and dividends at source, Exemption from customs duties on equipment, Free repatriation of profits, Dividends and Capital and Corporate Tax, Income Tax and Value Added Tax at 15%.

To date, Mauritius has signed more than 40 double tax treaties and is currently participating in other negotiations.
Economy

The country is a signatory to many multilateral treaties and conventions ensuring the protection of foreign investors and Mauritius is a market economy and free trade. There is no exchange control or restrictions on the repatriation of profits, dividends and capital. The Index of Economic Freedom published by the Wall Street Journal ranks Mauritius 8th in the world among countries where economic freedom predominates.