Why Expats love living in the North
Category Property Developments
Why Expats love living in the North
"South Africans are among the leading foreign buyers of property on the island," says Tim Mertens, chairman of Sovereign Trust SA. "The most important thing is not to make life-changing decisions based on a friend's recommendation. You have to take advice from the experts, who can unpack the various country and investment options available to you based on your specific needs. That way, you can end up unlocking a range of benefits you didn't know were even possible."
Setting up a business in Mauritius is quick and easy, and there's already a sizeable community of South African expats in the north, making it familiar and easily accessible. Many have taken advantage of the EDB's real estate development schemes devised to encourage foreign investment. Over time, the Property Development Scheme (PDS) has replaced the Integrated Resort Scheme and Real Estate Scheme, and allows the development of a mix of residences for sale to noncitizens, citizens and members of the Mauritian Diaspora.
The PDS provides for the following:
- the development of luxurious residential units on freehold land of at least 0.4220 hectare (1 arpent)
- the development of at least six residential properties of high standing
- high-quality public spaces that help promote social interaction and a sense of community
- high-class leisure, commercial amenities and facilities intended to enhance the residential units
- day-to-day management services to residents including security, maintenance, gardening, solid waste disposal and household services; and
- social contribution in terms of social amenities, community development and other facilities for the benefit of the community.
Ki Resort is the only cosmopolitan, resort-style living environment in the north that is within the budget for permanent residency. Here you will also enjoy the type of services you'd get at an upmarket hotel and exclusive access to a stylish beach club.
Serenity Villas
Serenity Villas is one alternative if you want more exclusivity, featuring only 10 well-appointed, three- and four-bedroom homes on plots ranging from 1,000m² to 2,000m².
The villas are positioned in a beautifully landscaped garden, just 600 metres from the premier 2Beach Club.
2Beach Residences, in Pereybere, has a more contemporary look with chic modern architecture featuring solid wood and black stone wall cladding as focal points. Spread across three blocks incorporating 24 two-bedroom residences, these are the perfect investment for short-term rental returns. What's more, these homes are in walking distance to everything - restaurants, bars, beach and water sports, and more.
For pride of place at one of the last available beachfront locations in Mauritius, look no further than Casa Alegria. Here homeowners indulge in the best of seaside living, with direct access to Pereybere Beach and spectacular views of Coin de Mire offshore. Indoors, the luxuriously appointed residences combine comfort and modernity. A private rooftop terrace ups the ante for penthouse owners.
Author: Rinie Boshoiff
