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Mauritius continues to be a dynamic growth story, with real estate being a vital player contributing to this growth.
As per statistics from the Economic Development Board of Mauritius and Bank of Mauritius, total FDI (foreign direct investment) into real estate activities was at Rs 15.8 billion for the first 3 quarters of 2023 versus Rs 9.9 billion for the same period of 2022 - showing a 59% increase year on year. Of which, Rs 10.2 billion flowed directly into designated foreigner schemes. The main contributors of FDI into Mauritius were from France and South Africa.
Bryan Wester, Managing Director of PropertyCloud stated, “The sector as a whole is growing between residential, commercial, retail, and serviced land parcels. This can visibly be seen by numerous new projects under construction and new launches coming onto the market. But what remains a key factor is that for now there seems to be a positive demand-supply balance that indicates the market is currently in a healthy position”.
Source: Bank of Mauritius
