Lexpress Property Trends Lexpress Property Trends EN Light Version | Page 31

GENERAL ASSESSMENT: APARTMENT SALE EXCLUSIVELY FOR MAURITIANS
SALE - APARTMENTS & PENTHOUSES (INCLUDING G+2) *
hose statistics incl de apartments and pentho ses for sale excl sively to Ma ritians as ell as a fe apartments hich have recently been rangeified as
.
Assessments conducted on 6 ,801 listings over 5 years and 16,242 leads emails received during the same period for the same properties (excluding telephone calls and
complementary marketing campaigns on LexpressProperty.com)
GLOBAL STATISTICS: SUPPLY, SEARCHES AND DEMAND
NOTE IMPORTANTE :
ntil the end of 2016, only apartments under the IRS,
RES and PDS regimes were accessible to foreigners. 2 levels in addition to the ground floor (
known as round 2 or 2)
2, also
ith the aim of having a more open economy, the
Non-citi ens property restriction Act was amended
in December 2016 to allow non-citi ens registered
at the EDB (Economic Development Board) to
acquire apartments, subject to security provisions. However, the price of acquisition of the apartment
must not be lower than Rs 6 million or the equivalent
in any other currency. It must also not be a
leased beach property.
2 properties are therefore included in the
apartments for sale exclusively to Mauritians section.
Foreigners may consult the analyses (page 7 ), to
get the gist of the trends if they want to invest in 2.
The growing demand for apartments and the
increase in prices for those high-end properties are
likely a result of this new law and the impact will be
even more visible in the years to come.
Henceforth, any foreigner with or without an
Occupation Permit can now acquire one of
those properties, with the EDB’s assent. Properties
reserved for this type of purchase have at least This law being recent, a limited number
of
2 properties have been rangeified on
LexpressProperty.com to this day. For this reason,
we have not been able to analyse this new
classification separately. SUPPLY - Property Listings (1) Number of searches (2) DEMAND: Number of leads received by email (3)
The number of apartments for sale has nearly
doubled in 5 years, exceeding 3,000 units in 2018 The number of search has increased more than
sixfold in 5 years, despite a slowdown in 2016 Demand has increased nearly sixfold in 5 years
despite a drop in 2016
(1)
Total of listings published on the website per year;
(2)
2018 - SHARE B N MBER OF BEDROOMS
Total number of searches done on the website per year ; (3) Total number of leads received on the website per year
1
2
3
4
5 +
SUPPLY: LISTINGS
DEMAND: LEAD EMAILS
4%
4%
60%
3%
5%
4%
4%
5%
The core of supply are apartments with 3-bedroom (63%) or 2 bedrooms (25%)
4%
6%
Demand for 3-bedroom apartments has remained stable at 53%. However, the
demand for 1-bedroom apartments ( % in 2018) and those with bedrooms ( %
in 2018) has increased.
LEXPRESSPROPERTY TRENDS
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