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The Residential Property Price Index (RPPI) for Mauritius, compiled by Statistics Mauritius, has achieved another record high at the close of 2024. This index tracks price changes for new and existing residential properties (houses and apartments) based on data from transactions registered with the Registrar General Department.
The RPPI index now stands at a record 237.9 against a 2019 baseline of 100. This latest figure represents a 29.8% year-on-year increase. Such sustained growth underscores the robust demand and appreciation within the Mauritian property sector over recent years. And follows a substantial acceleration from the 21.6% rise recorded in the corresponding period of 2023 vs 2022 as highlighted in our previous analysis.
Chart 1 illustrates the evolution of the RPPI from Q1 2019 to Q4 2024.
Source: Statistics Mauritius
The RPPI is a key indicator for tracking trends in the Mauritian real estate market, reflecting both overall price movements and the impact of factors like investment and economic conditions. In light of recent government regulations in the 2025 budget announcement with increased land transfer tax and the introduction of Capital gains tax for non-citizens, it remains to be seen the impact this will have on the real estate sector.
