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Foreign investors poured Rs 24 billion into Mauritius real estate in 2024, making property the single largest magnet for overseas capital. The Bank of Mauritius Monthly Statistical Bulletin released at the end of February 2026 confirms what the market sensed all year: property, tourism, hospitality and construction are all firing together.
Real Estate Leads FDI Inflows
Foreign direct investment in real estate reached Rs 24 billion in 2024, the highest of any sector, with a further Rs 15.7 billion recorded in the first nine months of 2025. Overall FDI inflows (all sectors combined) were led by France, which channelled Rs 9.3 billion into Mauritius in 2024 and Rs 7.5 billion between January and September 2025.
South Africa followed with Rs 4.7 billion in 2024, easing to Rs 2.4 billion over the same 2025 period, while Switzerland contributed Rs 2.3 billion in 2024 before pulling back sharply to Rs 578 million. The United Kingdom tells a different story: its FDI rose from Rs 1.8 billion in 2024 to Rs 19.2 billion in the first three quarters of 2025, a jump that likely reflects a small number of very large transactions. Germany held steady around Rs 1.0 billion across both periods, and the United States maintained a consistent but modest presence at roughly Rs 900 million a year.
Tourism Breaks New Records
Tourist arrivals reached 1,436,250 in 2025, surpassing the pre‑pandemic peak set in 2018. Gross tourism earnings rose by around ten percent year on year, with October and November each generating over Rs 10 billion in receipts. January 2026 opened with provisional arrivals of 125,871, roughly eight to nine percent higher than in the same month of 2025, signalling that momentum is holding into the new year.
Housing Credit Surges
Housing loans to households reached Rs 139 billion at end‑December 2025, up from Rs 125 billion a year earlier, adding roughly Rs 14 billion in fresh credit over twelve months. Mortgages now account for close to sixty‑nine percent of all household borrowing, underlining the depth and persistence of residential demand.
Construction Lending Climbs
Bank lending to the construction sector climbed to Rs 21.8 billion by December 2025, representing year‑on‑year growth of about eighteen percent. Hotels, shopping malls and restaurants together account for Rs 6.8 billion of that total, while residential building credit has surged to Rs 6.3 billion. Property remains the backbone of foreign investment in Mauritius, tourism earnings are at historic highs, and credit markets continue to power both residential and commercial development across the island.
