With relaxed visa and travel restrictions, more South Africans consider immigrating to Mauritius.
According to Seeff Property Group, the government of Mauritius have made it easier to obtain a residency visa by dropping the requirements for property investment.
Previously those looking to relocate to the island nation were expected to invest in property from $500K (an estimated R7.1 million), this has since decreased to $350K which equates to an estimated R5.1 million.
Some South Africans are considering property investment options in Mauritius as the island starts to open its borders. New property developments opening up are attracting many international tourists who are looking to settle for an island lifestyle.
Mauritius is set to open its borders to vaccinated travellers from 15 July – 30 September. What’s more, is that there’s now the option of a long-stay visa which gives people the option of getting a feel for life on the island before making a permanent decision and immigrating to Mauritius.
The country is said to be one of the Top 3 wealthiest countries in Africa on a per capita basis, offering an attractive economy and favourable investment opportunities with a healthy tax landscape.
As reported in BusinessTech, rental prices range from around R10,000 to as much as R200,000 per month at the top end. Current demand is mostly in the R16,600 to R26,700 per month range for residential property.