Unlike locals, foreigners easily fall prey to fraudsters because they may not understand the legal process of acquiring an asset. Therefore, this article will share the secrets of identifying a superb property for sale in Mauritius for foreigners.
4 Tips for Choosing the Best Property for Sale in Mauritius for Foreigners
Think about the following secrets before you buy property in Mauritius as a foreigner.
Engage a Property Valuer
Kindly hire this professional to help ascertain the current value of the property you would like to purchase. This expert will help you keep-off all property sellers who over-evaluate a home or residential building.
Due Diligence
Conducting research can help you select a good asset from a bona fide owner to avoid legal tussles. Don’t be quick to trust property listing websites because you can fall victim to a scammer.
Location
A foreigner should strictly invest in a property situated in a desirable place, such as close to a major city or town. This simple factor matters if you purchase a residential property because the payable rental fees are relatively high.
Check out The Property in Person
Contact the seller to visit the property to witness its current condition before signing the agreement. This strategy can help you in productive price negotiation, particularly if you want to purchase an old building because you may have to foot renovation costs.
Is a Resident Permit Necessary for One to Invest in a Property for Sale in Mauritius for Foreigners?
No, it isn’t! The Mauritius government does not demand this property to register an asset under a foreigner’s name. Therefore, you can buy a property after residing in Mauritius for a few months, provided you can prove your country of origin.
In a few cases, government officials may need you to prove your source of income to approve this process. Remember that the Mauritius government spares no efforts to fish out money laundering within its territory.
Do Market Trends Count When Buying a Property for Sale in Mauritius for Foreigners?
Yes, they do! All clever foreigners select a property in an area with a growing population to ensure they have tenants throughout the year. Similarly, you should pick a remote area- with the highest potential to grow in a few years.
Conclusion
A buyer must ponder the above tips to invest in the best possible property for sale in Mauritius for foreigners. For example, choosing a commercial or residential unit in a desirable area will guarantee you good returns.