In the captivating realm of Mauritius, where azure waters gently lap pristine beaches and lush landscapes beckon with their tropical allure, the demand for exceptional luxury rental properties is soaring. As nomads seeking temporary sanctuaries and discerning tenants yearning for a taste of paradise flock to this idyllic island, Pam Golding Properties offices in Grand Baie and Tamarin are looking to source additional high end rental properties.
Meeting the demand for luxury rentals
With its irresistible charm and favourable investment climate, Mauritius has become a beacon for those seeking rental properties that embody opulence and tranquillity. As the demand for luxury rentals surges, Pam Golding Properties sources beach properties and high end estates to meet the needs of the discerning tenant. There are a steady flow of tenants with budgets from USD 10 000-00 per month with certain clients spending in excess of USD 15 000-00 per month.
Highlighting the exquisite: the epitome of luxury living
Pam Golding Properties recently achieved the highest rental for April 2024 for one of the finest homes in the Grand Baie region, in prime Pointe Aux Canonnier, a stunning residence with sweeping views of Coin de Mire Island that cast a spell of enchantment upon its fortunate inhabitants. Meticulously crafted, luxuriously appointed spacious interiors lead out into welcoming outdoor areas typical of this level of island abode. The luxury villa boasts a private terrace, well-maintained pool and manicured gardens. Convenient amenities are close by when needed.
Peter’s insights: navigating current trends
Peter Llewellyn, director at Pam Golding Properties (Mauritius) Tamarin office, unveils the dynamic landscape of rental properties in Mauritius. Since Mauritius opened its economy to attract foreign companies and talent, the island has witnessed a steady influx of expats, retirees, and individuals on premium visas, all in need of rental accommodation. While many clients decide to purchase properties others will buy off plan and require a luxury rental in the interim. The government’s progressive policies have broadened the market, attracting a diverse range of tenants and investors, and fueling the island’s rental market growth.
The market offers apartments and villas and, although fewer, beachfront properties. Apartments are generally available at lower rates than villas, but only sometimes. Rental prices in the popular coastal regions where most of the expat community prefer to reside on the island can start from a minimum of USD 1k to USD 10k. Exceptional properties (best-quality finishes, configuration and location) are now hitting values twice and three times this, which is one of the most interesting aspects of the turn of events since the Covid pandemic.
Although budget plays a major role in determining which properties the clients take, it is evident that clients prefer more contemporary accommodation compared to more classically styled homes. Higher prices are typically paid for larger four-bedroom homes for which there is a significant shortage.
As the demand for rental accommodation is expected to grow in line with government policies, it is anticipated that more and more new properties will come onto the market through projects for foreign ownership being completed and handed over. However, this market is not exclusive to properties within the various PDS schemes around the island. Mauritians are catching onto this business opportunity and injecting their money into building quality homes to put on to the rental market for the first few years before considering residence therein. Despite the rising cost of construction post-Covid), rental yields are more enticing than keeping your money in the bank.”
Understanding client desires: luxury redefined
Clients in the Mauritian rental market have discerning tastes, seeking properties and experiences that elevate their lifestyles. From opulent amenities to unrivalled locales, the desire for exclusivity and comfort reigns supreme. Clients are often moving from cities like London, Paris, Johannesburg and will look for coastal locations with amenities and access to schools, medical and an active social environment.
Pam Golding Properties response: setting the standard
In the face of surging demand and evolving preferences, Pam Golding Properties rises to the occasion, setting the standard for luxury rentals in Mauritius. High-end properties are intentionally located near popular leisure activities, often centred around the natural attractions of oceans and mountains. With a keen eye for detail and an unwavering commitment to excellence, Olivier Souchon, General Manager, Pam Golding Luxury Rentals, ensures that the agency not only meets but exceeds the expectations of its clients, delivering unparalleled service and showcasing the epitome of luxury living in every interaction.
“Long-term tenants look for security, a well-established neighbourhood, and a sense of community. It offers the opportunity to get a feel of the lifestyle, which is true for many of our guests who are on a reconnaissance trip to possibly consider a move to Mauritius whether permanently or for business, or even retirement,” says Olivier.
A legacy of excellence
In the realm of luxury rentals, Pam Golding Properties reigns supreme. With an unwavering dedication to quality, a deep understanding of client desires, and a commitment to setting the standard for excellence, the agency continues to shape the narrative of upscale lifestyles in Mauritius, crafting experiences that transcend mere accommodation and unlock the true essence of paradise.
In Mauritius, where time slows and hearts rejoice, Pam Golding Properties invites you to embrace island life and endless possibilities. Welcome home to paradise.
Born in Mauritius, I have a Bachelor of Arts in Mass Communication. I have nearly 12 years’ experience in marketing, public relations and communications. Passionate about meeting people, creativity and business growth, I am results-oriented. My goal is to guide communication to touch the hearts and minds of customers. My motto is: “Treat others as I would like to be treated.”
