22% annual increase in Residential Property Price Index (RPPI)

The Residential Property Price Index of Mauritius (RPPI) is an indicator of how the prices of transacted residential properties (houses and apartments) have developed over time. The following data set presents the evolution of residential property prices up to the fourth quarter of 2023, with the year 2019 as the base period with a numerical value of 100.

The index is compiled based on title deeds registered at the Registrar General Department between Q1 2019 and Q4 2023, and were consolidated into three stratification levels namely: 
(a) Domestic versus Foreign transactions
(b) Property type (apartments versus houses) 
(c) Four provincial districts/regions of Mauritius:
      • Pamplemousses and Rivière du Rempart
      • Moka, Flacq, Grand Port, Savanne and Port Louis
      • Plaines Wilhems
      • Black River

The index for the fourth quarter of 2023 reached 183.3, compared to 167.7 in the third quarter of 2023, representing an overall increase of 9.3% Q-o-Q. While comparing the RPPI to the corresponding previous year of Q4 2022, the index increased by a total of 21.6% Y-o-Y.

Source: Statistics Mauritius, Ministry of Finance, Economic Planning and Development