Non-citizens are allowed to buy property under specific property schemes such as :

• Integrated Resort Scheme (IRS)
• Real Estate Scheme (RES)
• Property Development Scheme (PDS)
• Smart Cities
• Flats in R+2 buildings: Non-citizens can buy flats in R+2 buildings (ground floor + 2 upper floors), with a minimum value of Rs 6 million (around EUR 130,000), provided that these projects are not built on State land, such as industrial or commercial leases.

Terms and conditions of purchase under VEFA (Vente en l’État Futur d’Achèvement) :

The sale of these properties often follows the VEFA principle, similar to the French system, guaranteeing the successful completion of the project. A Garantie de Fin d’Achèvement (GFA) is issued by a Mauritian bank, insuring the buyer against construction-related risks. The first instalment is deposited in an escrow account, and payments are made in instalments as the work progresses. The project cannot start until 70% of the units have been sold, enabling the bank to grant the GFA.

Resale and existing properties :

It is also possible to buy properties that have already been built, giving you the chance to move in straight away.

Recent incentives for foreign investors :

As part of the new Finance Acts, the Mauritian government has extended certain facilities for residence permit holders in order to encourage foreign investment. Holders of Residence Permits (PR), Occupation Permits (PO) and Permanent Residence Permits (PRP) can now buy land in the Smart Cities under certain conditions:

• The plot must be intended for residential use and be serviced.
• The surface area of the plot must not exceed 2,100 m².
• Construction of the property must be completed within 5 years of the purchase of the land.
• Prior agreement from the authorities: Prior agreement is required before acquisition.

These conditions are designed to ensure that investments are properly managed and comply with the rules in force in Mauritius.