The luxury property sector in Mauritius is doing well. To illustrate this point, just look at the recent figures released by the Board of Investment. From January to September 2016, the amount of foreign direct investment (FDI) amounted to Rs 5 billion.
Quite a performance, when it is known that FDI amounted to Rs 6.1 billion throughout the year of 2013 and 2014. This FDI record happen in 2015, where it amounted to Rs 8.1 billion. For the leading players of the sector, this performance results in the implementation of innovative projects more in line with the expectations of investors who now have a wide choice. It should also be noted that the goods marketed in Mauritius now benefit from a better visibility resulting from the establishment, on the island, of major names in international real estate.
Till now, 1,996 investors have acquired a luxury residence under the IRS/RES/PDS scheme. And as always, it is the French people who constitute the largest contingent of investors with 42%. Then come South Africans (20%), British (10%) Mauritians (8%), Swiss (3%) and Belgians (3%). By September, 68 IRS and 131 RES had been taken over. Figures reflect the dynamics of this ultra-competitive sector, where promoters must constantly reinvent themselves so as to continue attracting buyers.
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