Lexpress Property Trends Lexpress Property Trends EN Light Version | Page 33

GENERAL ASSESSMENT: APARTMENT SALE EXCLUSIVELY TO MAURITIANS
SALE PRICES EVOL TION (B PRICE RAN E IN RS)
*Irrespective of the number of bedrooms
31,88M
27,83M
28,96M
25,65M 25,33M 16,99M 16,99M 16,97M 17,02M 16,86M
12,12M 12,27M 12,34M 12,41M 12,53M
6,79M 6,76M 6,72M 6,77M 6,71M
3,48M 3,52M 3,50M 3,50M 3,60M
hile sale prices by price range have remained quite stable over 5 years, if slightly decreasing in 2018, the high-end segment’s (apartments of Rs 20 million or more)
evolution, in contrast, first sees its average price somewhat drop between 201 (Rs 27.8 million) and 2016 (Rs 25.3 million), before significantly increasing to reach Rs
32 million in 2018.
ASSESSMENT OF SALE PRICES OF 3-BEDROOM HOUSES
AVERA E PRICE EVOL TION B PRICE RAN E IN RS
31,63M
28,47M
25,58M
24,28M 24,11M 17,12M 17,07M 17,05M 17,06M 17,01M
12,07M 12,27M 12,44M 12,40M 12,38M
6,80M 6,77M 6,70M 6,73M 6,68M
3,69M 3,72M 3,67M 3,69M 3,77M
Regarding 3-bedroom apartments specifically, average prices by segment have remained quite stable. However, the average price high-end apartments (more that
Rs 20 million) has experienced a clear increase since 2017. e can assume that the creation of the new 2 scheme for foreigners in 2016 has had an immediate
impact on the prices of the high-end segment.
2018
Rs 6,5M
MEDIAN PRICE
Rs 4,5M
Low price
1 st quartile
Rs 12M
Median Price
High Price
4 th quartile
Note :
The Median price represents the value at which 50% of properties for sale are less expensive and 50% are more expensive
The 1 st quartile represents the 25% of properties whose price are the cheapest on the market, where 25% of the properties are worth < Rs 4.5 million
The 4 th quartile represents the 25% of properties whose price are the most expensive on the market, where 25% of the properties are worth > Rs 12 million
LEXPRESSPROPERTY TRENDS
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