South Africans are buying apartments in Mauritius

With several airlines having resumed flights to Mauritius, Phase 4 in the Mont Choisy Golf & Beach Estate in Grand Baie is also set to take off as buyers begin flocking in to view the site, according to Pam Golding Properties Mauritius.

“On the back of a total sellout to the value of R550 million in phase 3, with construction already underway for handover to homeowners by April 2023, interest in the new phase of this highly successful development has escalated in recent months to the extent that a large contingent of eager South Africa buyers is booked to arrive during this last quarter of the year,” it was cited as telling SA’s Business Tech.

South African buyers in the development are reportedly a mix of families seeking security for their children as well as the 50+ generation looking for a secure retirement residency destination.

Mauritius offers a Residency-by-Investment opportunity when purchasing property at $375,000 or more, and there are no visitation requirements nor language tests.

You, your spouse and children under 24 achieve permanent residency status, and in addition, you can also bring your parents with you as dependents, thereby enabling three generations to reside in Mauritius should you wish.

Phase 4, which forms part of the Mont Choisy La Réserve precinct, comprises 22 luxurious and spacious, two and three-bedroom apartments, priced from EUR432,000 and two three-bedroom, full-floor penthouses priced from EUR1.48 million (one of which remains available for purchase) and one four-bedroom, full-floor penthouse priced at EUR2.18 million.

Original article at Business Tech