• Luxury Real Estate: Mauritius. Published in THE ADDRESS Magazine issue 5, Feb 2010.

The best of Mauritius

Buyer benefits include permanent residency, no inheritance tax, no capital gains, 15% income tax and freehold home ownership

Villas Valriche Mauritius

Mauritius is an exotic mix of French, British, Indian and Creole cultures. No wonder the food is so good and the people so colourful and warm. Regular direct flights, an excellent year round climate, the breathtaking beauty of the island as well as political and economic stability make this island the ideal destination in which to own a home.

Amongst Mauritius real estate, Villas Valriche is truly an outstanding development. It was voted Best Development and Best Golf Development at the Europe & Africa Property Awards 2009 in association with CNBC Arabia. It was also ranked one of the Top 10 Best Luxury Developments in the World by Homes Overseas Magazine, 2009.

Only 40 minutes from the airport, Villas Valriche is set in 210 hectares of lush, tropical landscaped grounds bordering the spectacular Le Golf du Château championship course, overlooking a stunning lagoon and with the picturesque hills of the Valriche Nature Reserve behind. In addition to the existing Peter Matkovich-designed golf course, there are extensive beach, dining, Spa and leisure facilities that are already fully operational.

Owners can choose from 22 variations of elegant plantation-style villas with spectacular sea and golf course views. These luxury villas all have infinity pools, large terraces, air-conditioned bedrooms, state-of-the-art communications and private landscaped gardens.

To provide total peace of mind, there are even bank completion guarantees – although with Phase 1 infrastructure in place, no debt and no bank borrowings and 30 villas due to be handed over to their owners within the next 3 months, it is arguably the best-placed Mauritius property development to deliver on its promises.

Villas Valriche is an approved Integrated Resort Schemes (IRS) development, which means that freehold property owners and their dependants are provided automatic permanent residency, with the added attraction of substantial fiscal benefits including low income tax, no capital gains and no inheritance taxes.

Prices from US$1.1 million.

Contact

Signature Residences Worldwide

www.signatureresidencesworldwide.com

+44 20 7095 8701

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  • Market Insights: Published in THE ADDRESS Magazine issue 5, Feb 2010

Why you want to invest in Mauritius

The island nation of Mauritius, already a top destination for tourists thanks to its exceptional range of lifestyle benefits and high levels of security, is carving a niche for itself as the leading business and finance hub of the Indian Ocean Rim.

Despite a poor global economy, Mauritius continues to attract both capital investors and businesses to its shores, reaping the benefits of radical policy changes. Moves to introduce a range of investor and business benefits, including low corporation taxes of 15%, an attractive 15% personal income tax rate and a bonus of no capital gains tax, have fuelled Mauritius’ success as an emerging market over the past few years. Mauritius is also fast becoming a major centre for offshore banking – already more than 400 financial institutions are represented here – boosting investor confidence.

The island nation continues to rank high in global polls measuring both business climate and quality of life. As Mauritius’ economy grows and more tourists discover its charms, everything from shopping malls and restaurants to state-of-the-art medical centres and private schools are being developed across the island.

Ranking high on the global stage

One-by-one, Mauritius is earning global awards across a range of fields – from business to politics to tourism – strengthening its position as the power hub in the region. Here are just some of the recent honours bestowed on the island:

Easiest place to do business in Africa: The World Bank Doing Business 2009 rankings place Mauritius No. 1 in Africa and second only to Singapore among small island developing states. Mauritius was rated Africa’s top regional reformer in a report that recognises governments which have carried out the most business reforms over the last five years. The World Bank report moves Mauritius up to 24th out of 181 countries measured on investment climate and the ease of doing business.

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  • Market Insights: Published in THE ADDRESS Magazine issue 5, Feb 2010.

Market Insights from around the World

Global property prices improve

Knight Frank has released its latest Global House Price Index.

Key highlights from the report are:

  • The recovery in global house prices continues, with values increasing in 68% of the countries reporting price changes for Q3 2009
  • House prices, however, are still lower than 12 months ago in 57% of the locations
  • Israel remains the top performer over a 12-month period, with prices increasing 13.7% to the end of Q3 2009
  • On a quarterly basis, Singapore saw the biggest rise, with prices up 15.2% during the third quarter of the year
  • Dubai recorded the largest annual drop (-47%), but posted moderate positive growth in Q3

“House prices are now rising in a clear majority of locations around the world, with almost 70% of the locations reporting growth in the third quarter of 2009. This compares with under 50% during the second three months of the year,” said Liam Bailey, head of residential research at Knight Frank.

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  • Market Insights: Published in THE ADDRESS Magazine issue 5, Feb 2010.

10 places to invest 2010

With locations offering established or emerging overseas investment property markets, there are many attractive options. Here we give you the top 10 places to invest in 2010.

Many factors need to be taken into account when choosing your property investment location. The most important factor is supply and demand and their drivers over time. Over or under-supply will affect both the capital appreciation potential and the rental yield you might expect. Other key considerations include ease of purchase for international buyers, political matters, accessibility and infrastructure, the economy, tourism, access to finance and foreign investment.

Investors are inevitably drawn to the current investment property hotspots, where property can be secured at comparably low prices. These areas often offer high capital appreciation, as tourism is attracted and re-development is undertaken to maximise rentals and the resulting returns.

However, the world’s established property markets, such as Portugal and France, have maintained a consistent level of interest over the last 12 months. The key is the diverse selection of buyers who look to purchase in these destinations, from second home owners to those relocating for retirement to investors. This provides a constant supply of purchasers, ensuring a solid demand.

Where are the best places to invest in property in 2010?

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