A GUIDE to BUYING AND RENTING Property in MAURITIUS

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Mauritius is a great place to invest, so I chat to two property gurus and give a guide to buying and renting property on the island.
A huge big thanks to Damien Duchenne and Patrick Goupille for taking the time to chat to me. Find them here:
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Опубликовано:

25 авг 2024

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Комментарии : 75

@louisevanaswegen7923 2 года назад

One thing he did not mention is that you can still buy property for under the $350000 price, but then this will be without residency. As long as it is a G2 property, you will be able to buy it if you are a foreigner

@LucyLeheilleix 2 года назад

That’s right Louise, but from an investment perspective it is a great incentive to spend that little bit extra and get residency. Also (in my opinion) the market is saturated with R+2 (G+2). Way too many of those on the market. Thanks for the comment.

@soemoetheinwin 2 года назад

Hi Lucy! Another point to raise is the availability of financing for Non Residents or Non Mauritian Residents. Local banks will request up to 30% initial deposit although some banks are cutting that to 20%. However a very important difference is that banks will not finance the government fees and agents fee (which for example they will in the UK and France) so you may need to have potentially extra 8-8.5% on top..so you may need nearly 40% upfront! Interest rates are currently above that of Europe and expat mortgages are scarce to borrow against a property in Mauritius. All the best..

@LucyLeheilleix 2 года назад

Thanks for that info Soemoe! How are you enjoying the island?

@adidonnylad1133 2 года назад

Awesome! Hopefully all these crazy rich people will need an English gardener too. Can't wait to see how it's developed when everything opens back up again

@anoopchandran8881 2 года назад

Hai Lucy, thanks for promoting Mauritius. Great support from India. Nice to highlight a country free from clash of civilizations.

@LucyLeheilleix 2 года назад

Glad you enjoyed the video.

@adidonnylad1133 2 года назад

I don't want you to think this is negative as I love the videos, but do you think you will do a normal guide? I love the creole style homes. The curtains instead of doors and over the kitchen shelf's, curtains and all that beauty, the wild chickens and locals passing by to talk to using the little ally's and all the lovely trees with the Bananas it's just awesome

@LucyLeheilleix 2 года назад

Hi Adi. I presume by normal guide you mean the local rental and property market? This video was aimed at foreigners as that is a very large portion of my target market.

@adidonnylad1133 2 года назад

@@LucyLeheilleix I am a foreigner. One day I'm going to build a home there. It may be a long time away, but it will happen. Most homes here are about 100k or 230k for a new build. The average wage is about 25kpa so I'm asking about the average foreign buyers instead of the top 1% millionaire as most won't have 300k$ in a lifetime let alone 500k$! It was interesting to see what's available to the top end of the market.i like the video. I'm just asking if you planned on an expansion to cover more of the market such as concrete, Creole roof with curtain doors all the way down to the government built things that are going up everywhere. It would be nice to see a bigger picture. :)

@LucyLeheilleix 2 года назад

I’m not sure I understand? What I have covered in the video is the foreigner market….you’re always going to pay a premium as an expat for buying either a flat (G+2) or in an IRS, RES or PDS or smart city. It is very hard to buy land here unless you are local, so as you can see, one doesn’t have huge amounts of options on the island. Absolute starting price (in an area like Tamarin) would be around Rs8 million for a flat and Rs10 million for a small townhouse. The rules are very strict here….one simply cannot buy where one wishes. So basically I have shown the bigger picture… Also I’d like to add that as you can see by the property prices, Mauritius is not a cheap place to live. Have a look here for more info: www.lexpressproperty.com Thanks very much for the comment 👍

@brianchan1567 2 года назад

@@adidonnylad1133 Sorry to disappoint, but you can't simply as a foreigner come to Mauritius and build your house. The regulations only allow foreigners to buy PDS/IRS/RES residential villas or R+2 residential units (apartment) which is the most affordable one (at least + Rs 4-5 million at non-premium city/town)

@eyezearz_org 2 года назад

Lucy If they are hating on you then that means you’re doing something awfully right, what an A+ video, outstanding work and I will make a promise to you that when I come to visit I will be a good interview subject for you as well.

@LucyLeheilleix 2 года назад

Thanks for this comment! Hateful stuff makes me want to stop RU-vid. I often wonder why I bother!?😳😬

@eyezearz_org 2 года назад

Life should resemble a flowing river not some stagnant pond. Everything should be in flux changing every second just as our bodies do. When someone finds what they consider a treasure most hoard it for themselves, others share it with close friends/family and finally a select few will share it with the world. You are one of the latter, Lucy.

@paulsmythe7620 2 года назад

@@LucyLeheilleix Most of us appreciate your work and videos. Yusuf should return home and run for office.

@LucyLeheilleix 2 года назад

Thanks Paul. I know 99% of people are super nice and appreciative. Best to focus on that and not the haters 👍

@ifixandfly 2 года назад

@@paulsmythe7620 I should and I’ll boot you out 🤣🤣🤣🤣

@kerrywhite5058 2 года назад

Wow, wide screen, intense detail and suitable information for the very wealthy. If I win Lotto I will watch this again. Was this filmed using your IPhone 11 and your tripod of course.?Or a very expensive camera ?

@LucyLeheilleix 2 года назад

Hi Kerry. It means a lot that you noticed these finer details. Thanks for that. I filmed the close up using my canon dslr with a 50mm lens, the wide was on my iPhone, and of course drone shots with my mavic pro and mini 2. Stay well!

@christinebeautenutrition94 2 года назад

Thank you Lucy 👍😘 I think I will choose Tamarin for my installation 😁🥰

@LucyLeheilleix 2 года назад

Great idea. We love this part of the island.

@berniemallaburn1786 2 года назад

Great informative interview Lucy, thanks👏👏

@LucyLeheilleix 2 года назад

Thanks Bernie 🙏

@BryanDiscoversWorld 2 года назад

Interesting Thanks Lucy

@LucyLeheilleix 2 года назад

Thanks Bryan. Let me know next time you’re down west. Would be good to catch up.

@BryanDiscoversWorld 2 года назад

@@LucyLeheilleix will do

@sanjayesomaroo6608 10 месяцев назад

Money buys you anything !

@LucyLeheilleix 10 месяцев назад

True that! The world over!

@clarkbl 5 месяцев назад

As a foreigner do you need to buy into a PDS to get residency? Or can you buy a $500,000 property that is a G2 and still get residency, and qualify for citizenship in 2 years?

@LucyLeheilleix 5 месяцев назад

Make sure to buy into PDS, IRS g+2 or smart city (spending at least 375k USD) the you will get residency. Citizenship if virtually never given unless you marry a Mauritian. You can however obtain 20 year PRP

@clarkbl 5 месяцев назад

@@LucyLeheilleix Have you not seen anyone get citizenship, and be allowed dual citizenship, simply through purchasing a property and meeting the residency requirement?

@LucyLeheilleix 5 месяцев назад

@@clarkbl you cannot get citizenship by just buying a property 👍🏻 Residency yes, citizenship no.

@thepetpeople533 Год назад

There is a villa on sale in mauritius at $425,000. The Villa is situated in the east coast with gated and security guard. It consists of 3 bedrooms, one kitchen and living room + 2 bathrooms. 1 mins walk to the beach. Kindly reply to my comment if interested.

@gerardy7500 2 года назад

Hi Lucy, do you know if these new properties only for foreign investors? Can the local and Mauritian expat returning home can also purchase them?

@LucyLeheilleix 2 года назад

Hi Gerry. Anyone can purchase these properties. :)

@astronautrocks 8 месяцев назад

Hi @lucy question what's better north or west for business? Love from America

@LucyLeheilleix 8 месяцев назад

Hi! It depends on the business I guess. Most populated areas are north, west and the Centre.

@tinabrenner3562 Год назад

I hear the minimum purchase has been scrapped now?

@LucyLeheilleix Год назад

Nope, still $375k

@vikashsookun948 2 года назад

Hi Lucy I'm in Mauritius for ten days. Fantastic info as usual. Any idea or advice.....I want to buy a property around Ebene Or Moka area. 👍👍

@LucyLeheilleix 2 года назад

Hi Vikash. How about Moka smart city?

@vikashsookun948 2 года назад

@@LucyLeheilleix . I will go there tomorrow and find out. Thx for the heads up👍

@arsmigration7885 2 года назад

Thank you ❤️

@LucyLeheilleix 2 года назад

Glad you enjoyed the video.

@beemer84 2 года назад

great advice thx lucy !

@LucyLeheilleix 2 года назад

Only a pleasure

@sharveshloko1371 2 года назад

Don't destroy our island for god sake let it natural is more beautiful thanks you very much

@LucyLeheilleix 2 года назад

I’m personally not destroying the island as I’m not a developer. I don’t chop down trees or carve up mountains. This video was purely meant to be a guide for buying and renting property here. A guide to help those who wish to live on this beautiful island. Thanks for your input. It is very much valued.

@AlainTrentini 2 года назад

A Paradise to retire :)

@LucyLeheilleix 2 года назад

A paradise yes. We love it here 😀

@simonsayscrypto2835 2 года назад

How is the vaccination in Mauritius, are they planning to make it mandatory ? Or can you live a free life?

@LucyLeheilleix 2 года назад

Hi Simon. Vaccinations are mandatory if you plan on working or going to school. It basically is very tricky here if you are unvaccinated.

@simonsayscrypto2835 2 года назад

I will have to wait until the world get's there senses back

@robinhood5135 2 года назад

@@LucyLeheilleix still that crazy???? mandatory sounds horrible

@ifixandfly 2 года назад

Can you actually stop promoting people to come and live here. Can you see how over populated the island is. You’re inviting all these IMMIGRANTS in . Whilst in Europe us Mauritians that have to live here for a better life back home are having our land taken away from us. Yes I will say that with confidence because that is exactly what you are doing

@raultrapani2062 2 года назад

Hold on.. you're against immigration to Mauritius yet admit that you've immigrated to Europe for a better life - a bit hypocritical perhaps?

@paulsmythe7620 2 года назад

If you're unhappy with more development you need to fix it at the ballot box. I have been travelling to Mauritius since 1985 and the amount of development is really overwhelming and is killing the reason people come to the island to vacation.

@LucyLeheilleix 2 года назад

@@raultrapani2062 not to mention that this island desperately needs foreign investment, particularly after a very hard 2 years of Covid-19.

@eyezearz_org 2 года назад

Imagine at one time you were some cute smiling baby that made people happy upon meeting you it’s a shame what you’ve done to yourself currently to destroy your spirit