Villa in Black River for residency permit
The website Citizenship-By.Investments will help you find and purchase a house in Black River, which will allow you to legalise on the island. The local legislation does not restrict such transactions, so you can find an object taking into account personal wishes and financial possibilities:
- Houses on the secondary market boast a unique atmosphere and traditional finishes, although there are also updated options. Such a villa would be a good buy to arrange a quick move or to generate income from renting out to tourists.
- Ready new housing attracts visitors with a modern layout, a swimming pool, a spacious yard, and beautiful views from the windows and terraces.
- Off-plan projects are a good solution if you are looking for villas in Black River for investment for the long term. In this case, the price per square metre will be favourable, but you will not be able to settle in immediately. You will have to wait for the completion of construction and commissioning of the building.
On the site, you will find ads from reliable developers and real estate agencies. You can study the characteristics and photos, and you can contact the seller of villas and houses in Black River directly.
Black River is the name given to the area around the Black River in the west of the island where the popular resorts are located. There are modern homes and exclusive villas with a variety of bedrooms and bathrooms, with and without swimming pools, terraces and balconies, barbecue areas, and other options. Popular neighbourhoods include Le Morne, Cascavelle, Flic-en-Flac, Tamarin, and La Balise Marina. Locations vary in prestige, price, and proximity to the ocean. Luxury options of villas for sale in Black River are located on the coast and in mountainous areas.
Residence permit in Mauritius by buying house in Black River
A high standard of living, combined with security and the prospect of obtaining citizenship in 5 years, makes foreigners interested in buying property in Mauritius. The minimum house prices in Black River for registration of a residence permit (which is the first stage of obtaining a passport) are $375,000. The object can be chosen from a list of projects approved by the government, or you can buy any other house, but with the condition that its height is 3 floors or more.
Procedure for obtaining a residence permit:
- Selection of an object complying with all parameters.
- Conclusion of the transaction and registration of ownership of the villa in Black River.
- Preparation of documents and application to the Economic Development Council. It will be necessary to prove solvency, absence of criminal record, family status, and presence of children, as well as to confirm the identity, age, and lack of serious health problems.
- Waiting for the result. The competent authority considers requests within 30 days or longer, depending on the service workload.
- Registration of residence permit for 3 years for yourself, husband/wife, and children up to 18 years old.
Investment house in Black River
Black River is a large resort area that has many attractions that can interest investors with different plans and budgets. The average yield of villas is at the level of 7–8%, and the inflow of tourists is constantly increasing so that in the absence of owners, housing will not be idle, and bring money. When renting out the property, you will be able to return the investment for 15–20 years, taking into account that for a few weeks a year, you will come to comfortable accommodation on the Indian Ocean coast for holidays.
In the long term, you can expect an increase in the cost of a house for sale in Black River due to the popularisation of the location among foreign tourists and expats. Areas for development are limited, so if you buy a villa with a good location in 2024, you can be sure that in a few years, it will be able to resell it profitably.
Foreign investors in real estate in Mauritius receive the full support of the state in terms of property rights and legislation protection. Among the benefits, the following should be noted:
- Stable economic and political situation in the country.
- Absence of unnecessary formalities when concluding a transaction.
- A large number of promising projects from property developers.