Mauritius real estate boom 2024. Amid continued interest, Europeans and South Africans continue to be captivated by the allure of Mauritius, with the permanent residency scheme through property purchase gaining significant traction in 2023.
The Mauritius real estate market in 2023 was characterised by a mix of familiar offerings and the introduction of new investment products. While official figures are pending, industry experts predict that 2023 will be marked by increased activity in the Mauritius real estate market.
Mauritius’ permanent residency program remains a magnet for international buyers seeking a serene environment, a favorable climate, and a lifestyle free from the challenges prevalent in many urban centers. Notable trends for 2023 include a significant increase in young Europeans and South Africans settling on the island, a departure from the historical trend of retirees seeking a tropical haven.
Several key elements for 2023 include an increase in demand for homes already completed or under construction, a new approach to hotels offering residential developments with access to the beach and resort facilities, and the continued popularity of destinations such as Grand Baie and Tamarin. The year saw the opening of new shopping, entertainment, sports, and medical centres in these regions.
Golf and lifestyle properties have grown in popularity, as buyers recognise the benefits of community living, larger spaces, and additional amenities. Beachfront properties, a rarity in Mauritius, have become more accessible, generating increased interest. Independent villas in estates have remained popular, and the villa market is expected to remain active in 2024, attracting both buyers and investors.
Affordability and the strong purchasing power of US dollar and euro holders have made Mauritius an attractive destination for an island lifestyle. With property prices comparatively reasonable compared to other tropical islands, the island’s safe environment and solid medical, educational, commercial, and recreational infrastructure make it attractive to young families and mature couples alike.
As 2024 approaches, Mauritius’s real estate landscape is booming, offering investors a golden opportunity to capitalise on a booming property market. Pam Golding Properties in Mauritius is seeing increased demand, particularly from South Africans seeking permanent residency and Europeans attracted by the island’s lifestyle and tax advantages.
Developments planned for 2024 include new beachfront projects, expansions in established communities, and opportunities to acquire completed properties. A notable trend is emerging: buyers are viewing permanent residence as a strategic investment, paving the way for business ventures on the island.
Real estate activity is concentrated around Grand Baie and Black River, with prices ranging from USD 300,000 to USD 3 million. Quality infrastructure, a variety of activities, and a strong sense of community contribute to the appeal of these regions, which offer attractive rental income potential.
Pam Golding Properties presents an exclusive beachfront collection, with premier properties such as One&Only Le St Geran Private Homes, La Pirogue Residences, Bayside Waterfront Residences, Shoba Villas and Residences and Infinity by The Sea, which embody luxury living in Mauritius.
Estate living is the focus of 2024, with premier estates such as Mont Choisy Golf and Beach Estate, Heritage Villas Valriche, Harmonie Golf & Beach Estate, and Eko Savannah catering to foreigners seeking a community-centric lifestyle and top-notch services.
The many developments coming in 2024 include projects such as The Essence, Sunset Cove, Equinoxe, Coastland Apartments and La Pointe, offering a glimpse into Mauritius’ vibrant real estate scene.
Seize the opportunity and invest in Mauritius’ thriving real estate market – a strategic decision that promises not only a solid financial investment, but also an enriched and vibrant lifestyle in this tropical 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.”
