Understanding the Property Market in Mauritius

Mauritius has developed a structured and secure property market that appeals to both locals and international investors. Understanding how the system works is essential before you buy, rent, or invest.

What Foreigners Can Buy Foreigners are allowed to purchase property under government-regulated schemes:

• Property Development Scheme (PDS): Luxury villas with facilities like gyms, spas, and concierge services
• Smart City Scheme: Integrated work-live-play communities
• Ground +2 Apartments: Any apartment in a development of at least two floors with a minimum price of USD 375,000
• Integrated Resort Scheme (IRS) and Real Estate Scheme (RES): Older schemes still valid for some properties

Legal Process

• Buyers must obtain approval from the Economic Development Board (EDB)
• All transactions must go through a registered notary
• Costs include: 5% registration duty, 1.15% notary fees (approx.), and agency fees (if applicable)

Financing

• Non-citizens can obtain a loan from local banks up to 70% of the property value in MUR
• Currency hedging options available

Tax Benefits

• No capital gains tax or property tax
• No inheritance tax
• Rental income taxed at 15%, with deductions allowed

Long-Term Value With a growing demand from both foreign retirees and remote professionals, the real estate market in Mauritius remains resilient, offering promising rental yields and long-term appreciation.