move in. Previously, the average price of property
achieved in this luxurious resort was in the region
of €1.3 million, making the new phase of residences
very appealing,” says Dr Andrew Golding, CE of
the Pam Golding Property group.
Factors such as residency and an attractive tax
regime have made Mauritius rather resilient to
the dip the rest of the world experienced from
2008 in the property market. With limited land
available for development, the next few years will
see a shortage of stock, so the property market in
Mauritius is set to remain strong. Infrastructure
is continuously being developed and upgraded,
the road network is improving and tourists and
www.reimag.co.za
owners will be able to reach Grand Baie, a popular
tourist region, without going through Port Louis.
Developments are increasingly becoming green, a
critical element in a developing environment. A new
airport is being built and this will increase tourism
and a large increase in the retail environment has
seen South African retail businesses entering the
Mauritian market.
Mauritius has always had a conservative banking
environment, which has proven in its favour. With
tax rates of 15 percent onshore and between 0-3
percent for offshore investments and no capital
gains/dividend taxes, there is a continued increase
in families looking to relocate there.
Offshore Handbook 2013
57