Apartments and flats for sale in Mauritius

Apartment in Mauritius for residency permit

On the Citizenship-By.Investments website, you can find prospective apartments in Mauritius for investment and residence permits. It will not take long to analyse the offers thanks to filters and sorting. Having selected an object, you can immediately message the seller or contact them on the phone number provided. The updated database contains options for projects approved by the state, meeting the conditions for registration of residence permits for purchasing property in 2024.

Flats for sale in Mauritius are not represented in such a wide variety as houses and villas, but the number of off-plan housing projects is growing. Foreigners can choose a property for relocation, rental income, or long-term investment. The main cities where high-yield housing is available are:

• Port Louis.
• Grand Bay.
• Tamarin.
• Flick-en-Flac.
• Rivière Noire.

Flats in Mauritius from property developers are particularly attractive. Studios, penthouses, and apartments with 1–5 bedrooms and an area from 35 to 2,125 m² are available to buyers. Features include a combined kitchen and living room, a terrace or balcony, modern appliances, and a parking space. The new complexes come with annual maintenance fees and a range of optional extras.

The sale and purchase of a foreign property involves reserving the property, collecting the documents, signing the contract, and payment. After that, you can register as the owner and apply for a residence permit.

The cost of apartments in Mauritius starts at $53,000 and can reach up to $1.83 million, which gives investors different financial capabilities to make a good choice. However, it is important to consider the minimum price required to apply for a residence permit, as well as thoroughly study the options.

The greatest attention should be paid to:

• Location: The importance of proximity to the ocean and transport routes, distance to shops, entertainment, and attractions.
• The year of construction and prestige of the complex: New housing is more profitable but not always ready for move-in, particularly when investing in the early stages of the project.
• Infrastructure, which may include a car park, gymnasium, playground, and walking areas.
• Features of finishing and equipment: the price may include decoration of premises, furniture, and equipment. Offers with exclusive designs are more expensive.
• The view of the city, ocean, or mountains from the window.

Residence permit in Mauritius by buying apartment

Foreigners are encouraged to buy property in Mauritius. It is appealing for the prospects of profitable capital investment, comfortable accommodation for holidays, and the status of a resident in a country with a stable economic and political situation. A residence permit on the island can be issued if:

1. The price of the object is not less than $375,000.
2. The sale transaction is concluded under the country's current legislation.
3. The documents submitted to the EDB are executed without errors. Proof of identity, no criminal record, marital status, financial solvency, and origin of capital for the home purchase will be required.
4. The applicant has no serious, life-threatening illnesses.
5. The investor will personally visit the authorised body and confirm the desire to apply for a residence permit for themselves and their family (as well as a spouse and minor children).

After 3 years of living on the island as a temporary resident, it is possible to apply for a permanent residence permit and in another 2 years for citizenship.

Investment apartment in Mauritius

Becoming an investor in apartments for sale in Mauritius is incredibly simple. You just need to prepare the documents and choose a suitable property at the secondary or primary market. In addition to the simplicity of investing, there are other arguments:

• Minimum financial risks due to the stable political and economic situation.
• Intensive development of tourist infrastructure.
• The emergence of new projects from developers.
• A steady increase in the volume of the property market.
• Constant high demand for apartments among tourists, which increases the profitability of renting them out to 7–8% per annum.
• Rising prices and the chance to resell the property in a few years at a substantial profit.