Based on the recent weakening of the Rand, all international investments have become more expensive, however the astute investor understands the benefits of hedging their investment against a currency such as the rupee, as well as achieving US Dollar based rental income.
The interesting fact is that Mauritius remains one of the most affordable international investment options in the world, whilst enjoying some of the most favourable taxation benefits. Comparatively, a home in Grand Baie costs approximately $4500 per square meter, while in other parts of the world such as the UK, you can look at paying $19 367 per square meter. It is evident why French investors are big in Mauritius as well, as they pay up to $18 415 per square meter in France. The Mauritian property is even cheaper than what you would pay per meter for a home in New York which is $13 546. Mauritius beats popular property investment destination Malta in affordability, as you would need to pay on average $4 830 per square meter.
Without a doubt, Mauritius is a much more favourable, and affordable international property investment for South Africans. While you may find property somewhat cheaper in South Africa, there are definitely many high-end apartments in Johannesburg, Durban and Cape Town fetching between $5000 to $7200. These don’t even include the benefits you gain when investing in Mauritius property.
Strength, stability and growth is what South African investors are looking for. Invest in Mauritius, marketed through Rainmaker Marketing, helps South Africans identify Mauritian property investment opportunities.
