Luxury properties for sale on the island of Mauritius

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by Kay Murchie

Mauritius is surrounded by some of the most beautiful coral reefs in the world. Unspoilt mountains can be explored by horse, foot or bike and isolated beaches are the tradition.

There is high demand for properties on the island and a number of resorts are under construction. The government has limited construction to about 3,000 properties. Many potential investors felt drawn to this beautiful island but government banned overseas investors from purchasing property here. This ensured that Mauritians were not priced out of their own country.

The government finally backed down in 2001 and founded two housing markets. The original ban was left in place but created an exemption for a handful of integrated resort schemes, which are now coming to the market. The tax structure is intended to deter those wanting to make a quick profit. Those purchasing property have to pay a registration fee of £70,000 which is insignificant when purchasing a $3 million villa but a hindrance on a $650,000 villa.

The government wants to ensure that properties appeal to wealthy investors and, by law, properties must be priced at more than half a million dollars – around £250,000.

A 5 stage development is under construction at Anahita, it will comprise 300 properties along the 4 miles of untouched coast covering 213 hectares and prices start from $650,000. A number of small islands lie just off the shore and calm seas are ideal for even the inexperienced swimmers. The development will be built around an 18-hole golf course, designed by Ernie Els.

The initial 2 phases of the scheme, which include a Four Season hotel, sold out within hours, so developers Ciel Properties are showing few signs of anxiety as they prepare to launch the third phase in July. This comprises 28 freehold villas running along the 16th, 17th and 18th holes. Prices range from $1.45 million to $3 million.