Ground Plus Two Apartments
A non-citizen may buy an apartment in a building of at least ground plus two floors anywhere in Mauritius, outside the approved schemes, with EDB authorisation. The route opened the wider apartment market, including new developments in town centres and along the coast, to foreign buyers.
At a glance
| Building | At least three storeys: ground floor plus two |
|---|---|
| Minimum purchase price | MUR 6 million |
| Residence permit | At USD 375,000 and above, for the buyer, spouse and dependent children, while the property is held |
| Registration duty | 5% of the purchase price, paid by the buyer |
| Authorisation | EDB authorisation required before the deed |
Who it suits
A buyer who wants an apartment rather than a villa, in a location the schemes do not cover, at a lower entry price. Many recent apartment developments in Grand Baie, Tamarin, Flic en Flac and the towns of the plateau are sold to non-citizens under this route.
Off-plan purchases
New apartment buildings are commonly sold off-plan under VEFA contracts. The same protections and the same risks apply as under the schemes, and the review of the developer's standing and the completion guarantee is, if anything, more important where the developer is smaller.
Before you reserve
The buyer's position is decided at signature, not afterwards. If you are looking at a development, speak to us before the reservation deposit is paid and we will tell you what to examine.