Lexpress Property Trends Lexpress Property Trends EN Light Version | Page 46

OVERVIEW OF OUR REGIONS IN 2018
TO EACH REGION,
ITS FEATURES
The North and West of the island stand as the most dynamic regions, in line
with the tourist attractiveness of seaside resorts. With new urban projects, the
markets are waking up in the Centre. Interesting prospects are emerging in
the South, while the East is likely to follow.
B
oosted
since
nearly
two
decades
by
transactions
regarding properties accessible
to foreigners, the real estate market
is developing in the wake of tourism
in Mauritius. As privileged holiday
destinations for both visitors and
Mauritians, the North and West of
the island have made the most of this
dynamic until now.
To be fair, it must however be noted
that the success experienced by
Bel Ombre and Beau Champ in the
form of two vast luxury residential
programmes, among the precursors,
contribute towards equilibrium in
favour of the South and the East of
the country. Regarding those regions,
several factors, and in particular
the recent development of road
infrastructures have enabled their
opening-up. They should make up the
new horizon of real estate in Mauritius.
The shift in the direction of the island’s
centre of gravity has already started,
with the reinvestment in the capital
and towns of the Centre, known as
Plaines Wilhems.
140
of Pereybere to Roches Noires on one
side, and Pointe Aux Canonniers to
Balaclava on the other – investments
and development are finding their way
back to urban regions.
New
buildings,
with
modern
apartments adapted to the needs
and budgets of young households or
retirees, are emerging in the Plaines
Wilhems region, which is getting back
the attractiveness it had around the
Independence era. This phenomenon
is visible in the urban areas of Beau
Bassin-Rose-Hill and Vacoas-Phoenix,
however this trend started a little
earlier in Curepipe.
Going back to fundamentals
The North and West: Littoral
favourites Taking the form of buildings or
housing developments for a wealthier
customer base, higher standing
residences are emerging and are
giving neighbourhoods, whose glory
days had long been past, a new glow.
Floreal, Moka or the centre of Port
Louis, which historically had been
associated to the Mauritian aristocracy
or upper class, during the 19 th century
and at the start of the 20 th century, find
new admirers.
After more than two decades of near
exclusive popularity of seaside resorts
– from the West, in Flic en Flac, Tamarin
and Rivière Noire, and in the North,
Grand Ba and neighbouring villages Given the development of the main
business centre, the Ebene Cybercity,
and most universities being on the
Central Plateau, this is where the
pulse of the economic activity can be
LEXPRESSPROPERTY TRENDS
felt. Hence, the interest in Mauritian
towns is unlikely to drop. Moreover,
the centre will likely get rid of its
main current shortcoming of being a
bottleneck for road traffic, for nearly
2 hours every morning and as much
each evening, if the promises of the
public Metro Express are delivered.
A new interest for mass transit should
arise from this dedicated tramway line
which will serve, as from next year,
several highly urbanised regions from
Port Louis to Quatre Bornes and then
up to Curepipe.
The central region, which remains
the most equipped region in terms
of health, education and leisure
infrastructures
and
commercial
centres, is likely to further its real
estate development because of Smart
Cities, with Moka spearheading this
trend.
Other Smart City projects in the West
and the South, close to the airport
in particular, should contribute to
the extension of the Centre in the
next years. Interesting evolutions in
the East of the island should also be
considered. This region is already
more inhabited than it seems but in a
rural model which will be structured
differently in the long term.