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AMICASA IMMOBILIERThe Global.Properties website boasts over 30 properties for sale in Reunion. To pick the perfect overseas property that matches your needs, use a convenient search engine with numerous filters and the option to sort them by new properties in Reunion, cost and other crucial points. Each ad contains detailed information about a house or apartment, high-quality photos, up-to-date prices and contact details of real estate agencies or developers. You can turn to the seller directly by phone or via private messages.
- The lowest cost of property in Reunion is $347078;
- The highest price is $6,261,000.
- The minimum size is 75 m2;
- The maximum area of property for sale in Reunion is 1,904 m2.
Buying a property in Saint-Denis or other cities can ease the process of obtaining a residence permit, although it is not the sole requirement. However, there is an option that will allow foreigners to become residents for 4 years with the option to extend it. Passeport talent is a residence permit for startup founders, investors in the country’s economy and other highly qualified specialists.
After living in France for 5 years, one can exchange their residence permit for permanent residency and then promptly seek citizenship.
Most foreigners choose the following locations to buy a property in Reunion:
- Saint-Denis. It is the region’s administrative centre with developed infrastructure and tourist attractions such as Monument aux Morts and the La Barachois embankment.
- Saint Joseph. The commune is located in the region’s southern part, with black sandy beaches, the multilevel Jacqueline waterfall and the Langevin River. Natural sights of interest appeal to numerous tourists from all over the world.
Both houses and apartments in Reunion are in high demand. The first one will be an ideal option for buyers seeking privacy, exclusivity and ample space. Premium and luxurious villas are located on fenced plots with private amenities such as a swimming pool and garden.
The cost is the main benefit of apartments. On average, it is lower than house prices. Moreover, apartment buildings are located next to bus stops, shops and other social infrastructure, which makes life easier for people who do not have personal transport. Modern complexes offer common amenities such as a pool, gym, playground and recreation area.
Economic and demographic growth, developed infrastructure, beaches, natural and cultural attractions are the major reasons for investing in property in Reunion.
Real estate for sale in Reunion is in high demand among both tourists and locals. To earn money on short-term rentals, you should invest in a property in Reunion near beaches and attractions. To find long-term tenants, it is necessary to choose an overseas property near social infrastructure (bus stops, schools, hospitals, shops, etc.).
Property in Reunion
Renyon is the French region in the Indian Ocean. Local real estate is diverse, and you can find everything here: from small studios and flats to cosy houses and luxurious villas. The island has modern buildings with glass facades and other properties in a traditional colonial style. Property prices in Reunion range from $232,000 to $2,188,000 for apartments and from $217,000 to $6,261,000 for houses.
Reasons for investing in property in Reunion
The island with its paradisiacal beaches and volcanic land offers attractive investment prospects. It has been experiencing an economic and demographic boom for many years: GDP grew by 42% from 2008 to 2018, and the population increased by 7.5% from 2007 to 2017.
Population growth necessitates more real estate in Reunion, while economic growth demands more commercial and office space. Researching the future of housing construction in the area found that 169,000 residential buildings will need to be built by 2035. It is associated with an increase in the number of households on the island (from 306,000 in 2013 to 419,100 in 2035).
Reducing the size of households will also increase the demand for housing. The island’s households consisted of 2.7 people, and their size is expected to decrease to 2.3 people in 2035. The main causes are population ageing and changes in cohabitation patterns (young people tend to move to independent housing as quickly as possible).
These patterns will result in elevated prices for apartments and houses in Reunion and a rise in rental costs. This will be beneficial to homeowners, especially if properties in Reunion for investment are located in such sought-after places as Saint-Denis and Saint-Joseph.
Buying real estate in Reunion
Global.Properties is designed to simplify and accelerate the process of choosing and buying real estate in Reunion. Customers can use:
- a search engine with filters by price, area, location, status and other parameters;
- the option to sort various investment real estate in Reunion by several criteria;
- an interactive map;
- a currency converter displaying prices in dollars, euros and other currencies.
The catalogue automatically gathers offers from the website of reliable developers and real estate agencies. They are checked manually, so customers receive only relevant options.