LexpressProperty Trends - Built residential properties for Mauritians Newsletter Trends No3 | Page 4

The local residential properties

The types of properties that exist
Houses are the most common property . Each year , less than 5 % of sales relate to first-hand properties .
Houses
Duplex and townhouses
Apartments
Duplexes and townhouses are the newest types of properties that are inspired by foreign models .
Initially widespread in projects for foreigners , these types of properties are slowly starting to gain popularity on the local market as they are more affordable .
The real estate stock of these types of properties is still young . This means that a large part of the sales shares are first-hand .
Apartments , having appeared more recently , are initially found in large urban areas .
Over the past fifteen years , their number has increased in the main coastal regions due to the cost of land in these areas and their potential as an investment for tourist rentals .
There are different categories of apartments , such as studios and penthouses , with classic apartments being the most sold .
Approximately 40 % of sales relate to brand-new properties each year .
4 N o 3 . NEWSLETTER TRENDS