Interested in real estate investments in Mauritius?
Mauritius, an oasis of paradise in the Indian Ocean, has long attracted investors from around the world. With its breathtaking scenery and stable economy, the island offers an ideal setting for those looking to make investments in luxury real estate. But what is the buying process for foreigners looking to make property investments in Mauritius? In this article, we’ll explore the key stages of this fascinating process and provide an investment guide.
Searching for your exceptional property
The first step is to search for and select your luxury property, one that meets your needs and preferences. With numerous properties available, it’s essential to define your search criteria, including location, size, facilities, and budget. The services of a property developer can greatly facilitate this step, serving as an investment guide through the available property options and providing a detailed overview of villa selections in the Mauritian market to facilitate your property investments.
Visit your future villa!
Once you’ve shortlisted a few potential properties, the next step is to arrange visits to inspect them up close. This is your chance to get to know each villa, its features and surroundings, and to ask any relevant questions. You can also take advantage of this stage to explore the surrounding neighbourhoods and familiarise yourself with the Mauritian dolce vita.
Negotiate and make your offer!
Once you’ve found the villa of your dreams, it’s time to start negotiating. It’s important to be flexible and patient during this phase, as negotiations can take time to reach a mutually beneficial agreement.
If you are buying as part of a new-build project, such as a VEFA (Vente en l’Etat Futur d’Achèvement), you will have the opportunity to negotiate payment terms. But also possibly make changes to the design of the villa before it is built. Additionally, ensure that the GFA (Garantie Financière d’Achèvement) is included in the contract to guarantee completion of construction, even if the developer faces financial difficulties. This presents a great opportunity for property investment with the guidance of an investment guide.
That’s it, you can sign!
Once the conditions of sale have been agreed, a contract of sale is drawn up by a Mauritian notary. This contract details the terms and conditions of the sale, including the purchase price, payment terms, suspensive conditions and other specific clauses.
Your property is transferred!
Once the contract of sale has been signed and payments have been made in accordance, the transfer of ownership can take place. This involves registering the transaction with the relevant authorities and updating the ownership documents to reflect the change of ownership. Once this stage is complete, you are officially the new owner of your luxury villa in Mauritius.
In conclusion, buying a luxury villa in Mauritius can be an exciting and rewarding process. By following these key steps and surrounding yourself with the right resources and professionals, you can make your dream of owning a prestigious residence a reality.
Why not choose Evaco Property as your prestige property developer?
Renowned for its commitment and excellence in all aspects, Evaco Property strives to exceed its customers’ expectations. Its level of excellence is firmly established, giving you peace of mind when investing.
Evaco Property has unrivalled expertise in creating first-class residences such as Cap Marina and Clos du Littoral. It is a talented team of seasoned professionals who have mastered every aspect of the property business. If you’re looking for a seaside villa, the group offers a diverse portfolio of luxury properties. With a carefully curated selection of prestige villas, they have the perfect villa for every buyer.
Take a look at Evaco Property’s exceptional projects for more information: Evaco Property: Property developer in Mauritius.
