Introduction: Mauritius is implementing significant changes to its real estate acquisition rules for non-citizens. A new legislation, named the NCPR Act, redefines the opportunities and restrictions for property purchases by non-citizens in the country. Summary of the NCPR Act: The NCPR Act strictly governs the conditions under which non-citizens can purchase real estate in Mauritius. The key points...
Acquisition of a New Property in "Sale in Future State of Completion" (VEFA) by a Non-Citizen in 2024. 1. Property Development Scheme (PDS) Launched in 2015, the Property Development Scheme (PDS) allows non-residents to invest in real estate in Mauritius. The minimum investment amount for a PDS is USD 200,000. This amount should not be confused with the USD 375,000 required to obtain the residence...
"The JLSK Group: Unrivaled Success in Mauritius Island, Preferred by South Africans and European People Alike!" The History and Growth of JLSK Group in Mauritius Since its creation in 2002, the JLSK Group has become a major player in the economy of the United Arab Emirates (UAE). The group, founded by its Chairman and CEO, Mr Benaudis James Simon, has grown from a small family business to a commercial...
If you could work from abroad while enjoying the country's assets in your free time, would you take the plunge? At least that's what the latest Work From Wherever Index advises: "Swap gray cityscapes for olive groves, sunsets over the sea or bustling metropolises. Let our index show you which countries are best for remote work and travel experiences." This ranking, counts 111 countries, selected...
Benefits of Working with a Real Estate Agency in Mauritius The benefits of working with a real estate agency in Mauritius are plentiful. From helping you find the perfect property for your needs to providing valuable advice and guidance throughout the entire process, a real estate agency can be an invaluable asset. Here are just a few of the advantages of working with a real estate agency in...
What Are the Most Popular Valuation Methods Used in Mauritius? In Mauritius, five of the most popular valuation methods used are the Comparable Sales Approach, Cost Approach, Income Approach, Market Value Approach, and Discounted Cash Flow Analysis. The Comparable Sales Approach is a popular method used for valuing immovable property, such as land and buildings. It is based on the principle of...
Where are located the Best Real Estate Development for Foreigners in Mauritius Under the RES Mauritius is an island paradise filled with stunning beaches, lush rainforests, and crystal clear waters. It's no wonder that it's become a popular destination for foreign property investors. With the introduction of the Real Estate Scheme (RES) in 2018, it has become even easier for foreigners to invest in the...
The Benefits of Investing in Property in the North of Mauritius Investing in property in the north of Mauritius offers a number of advantages that can be beneficial for those considering purchasing property in this region. Firstly, the north of Mauritius is known for its stunning natural beauty. With its picturesque beaches, lush forests, and stunning mountain views, the area is a popular tourist...
Understanding the Professional Responsibilities of a Property Manager. Mauritius is a tropical island nation located off the southeast coast of Africa in the Indian Ocean. It is a popular tourist destination known for its beautiful beaches, diverse culture, and vibrant economy. Property management is an important sector of the Mauritian economy, with property managers playing a key role in ensuring that...
The Benefits Of Working With A Real Estate Advisor In Mauritius When looking to buy, sell or rent real estate in Mauritius, working with a real estate advisor can provide numerous benefits. A real estate advisor is a professional who provides advice and assistance in relation to all aspects of real estate transactions. They are well-versed in the local market and have access to a wealth of resources that...
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