As part of the National Budget for 2024/2025, new measures have been introduced to support the development of the real estate sector.
- First, opportunities for foreign investors have been expanded. Foreign companies are now allowed to acquire real estate for industrial and commercial use under lease agreements with no renewal rights, for a period of up to 30 years. This aims to attract international capital and strengthen Mauritius’ position as an attractive investment destination.
- Second, housing support programs have been extended. The Home Ownership Scheme and the Home Loan Payment Scheme, which offer a refund of 5% of the purchase price or mortgage amount (up to MUR 500,000 or approximately $10,700), have now been extended until June 30, 2025.
- Third, new environmental requirements have been introduced. Land subdivision projects must now allocate at least 4% of the area to green zones with endemic trees. Additionally, construction must maintain a minimum buffer of 30 meters from existing settlements.
These measures are designed to stimulate investment, promote sustainable development, and enhance the attractiveness of Mauritius’ real estate market. In 2025, Mauritius will continue to strengthen its reputation as a premium destination for living and investment, offering a unique blend of natural beauty and favorable investment conditions.
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