Investing in Mauritius Property Investing in Mauritius Property | Page 15

explains a land promoter. “But there have been cases where locals have purchased IRS or RES properties, mainly for investment purposes, in the hope of a resale in the future at a premium. Indeed, Res or PDS properties appreciate very quickly and demand is always there as many non-citizens look for ready to move properties. These properties can also be rented out to expats so there is always a good return.” Another change is the removal of the maximum limit of 50 acres for developing a PDS project. While this suits large projects requiring vast area of land, this measure is mot welcomed by small developers who foresee higher competition from large players. Lastly, it is now allowed to construct one residential unit on a maximum area of 1.25 acre of land. It should be noted that foreign citizens acquiring residential units in Mauritius for a minimum price of 500,000 USD continue to be eligible for a residence permit that remains valid as long as they hold the property. Find out more about the Property Development Scheme and other government supported incentives available for investors Enquire on [email protected]