Despite the gloomy news from many international property markets, there are always exceptions.
According to Cluttons Resorts, Mauritius is one example, where at luxury residential golf estate Villas Valriche more than 90% of the 132 properties in Phase 1 have been sold and early buyers are already enjoying substantial capital growth.
The recent limited launch of the first part of Phase 2 has also been received with enthusiasm by buyers. These properties, which include a selection of outstanding plots with stunning sea views across the golf course and with mountains behind, are expected to sell equally well.
Cluttons said research confirmed that Villas Valriche represented outstanding value when compared to other luxury developments on the island, offering among the lowest price per square metre for truly premium build quality and design.
Mauritius also offers significant attractions for overseas purchasers: The estate is one of the Mauritian Government’s Integrated Resorts Schemes (IRS), which provides automatic residency to foreign freehold property owners and their dependants, bringing substantial fiscal benefits including low income tax, no capital gains tax and no inheritance tax.
Prices start at US$950,000 for a detached freehold villa with infinity pool and private landscaped garden.
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