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Housing in Mauritius
 
 
 

General

Foreigners can now buy property through one of the government's schemes: the Permanent Residence Scheme (PRS), Integrated Resort Scheme (IRS), and Scheme to Attract Professionals for Emerging Sectors (SAPES).

Under the PRS, the foreign investor can purchase up to 1.25 arpents – 1 arpent is about 0.84 acres – (5,276 sq m) of residential property, at least 100 m away from the sea. A minimum investment of $500,000 is required.

Under the IRS, foreigners can purchase luxury villas of up to 1.25 arpents each. As a property-owner, a residency permit is also granted, which is extended to the investor’s family.

SAPES is an incentive to encourage professionals to work in Mauritius, and allows foreign professionals to acquire residential property.

Property prices are around $700 to $850 per sq m. A 100 sq m property in Port Louis can be bought for around $85,000. A 500 sq m property would cost around $350,000.

Buying a Property

The Mauritian Government has recently launched programs that allow foreign nationals to own residential properties through various investment schemes.

The Permanent Residence Scheme (PRS) is attractive to foreigners who wish to stay in Mauritius for long periods or visit the country frequently. A minimum investment of $500,000 in qualified business activities makes a foreigner eligible for permanent residency. This also allows the permanent resident foreigner to acquire 1.25 arpents (5,276 sq m) of land, located at least 100 m away from the seafront for residential purposes.

Under the Integrated Resort Scheme (IRS), foreigners can buy luxury villas in a resort setting of international standards. A property-owner under this scheme is also entitled to a residency permit, which allows the owner and his/her family to reside in Mauritius for the whole duration of the ownership. Each villa can only be up to 1.25 arpents. IRS is open to Mauritius and non-Mauritius citizens, and local and foreign companies under the Companies Act (of Mauritius) 2001.

The Scheme to Attract Professionals for Emerging Sectors (SAPES), targets skilled and talented foreigners who wish to offer their services in Mauritius. This is available for the Information & Communication Technology and Financial Services sectors.

The Board of Investment may approve other sectors to participate in the Scheme. Aside from being able to acquire a residential property, the foreigner can also work and reside in Mauritius for three years, with an exemption from taxes and duties on the importation of household and personal belongings. There is also the possibility of permanent residency.


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