Patricia Piper Properties ltd

Your property central agent in Mauritius    

Are you planning to buy a house?  Are you aware of the fees involved?

Here is a breakdown of fees (excluding bank fees) to be paid by the seller and the buyer*:

The buyer pays:

Notary fees:
2% on the first Rs 250,000.-
1.5% on the next Rs 500,000.-
1% on the next Rs 1,000,000.-
0.5% on the balance.
+ 15% VAT

Administration fees: (variable) approx. Rs 3.000,-

Agency fees:2% + 15% VAT
 
Registration fees: 5% of the value declared.
 
Other costs: When purchasing leasehold land, 10% of State Land Tax on the value of the leasehold rights.
 
The seller pays:

Agency fees: 2% + 15% VAT
No notary fees. 
Transfer fees:
5% Land Transfer Tax on the sum declared.

Your property central agent in Mauritius    

We've been busy busy busy in July. Hereunder you will find a selection of properties for sale and for rent, long term and short term.

We will also be marketing a new RES in Trou aux Biches in collaboration with Island Residences.  Check your email during the month of August for more information on this exciting new project.

Did you read the article in l'Express of the 28/07/2009 ?

Questions to Cader Sayed Hossen,

President of the commission for the Democratization of the Economy

"Foreigners think that you can do anything in Mauritius"

(Read the article in French [click here])

This very interesting article talks about foreigners investing in Property in Mauritius by using all he loopholes in the system.   The President of the Commission talks about properties being built on Government Land with the Government’s consent.

He talks about South African trust funds and management companies that have been created in order to avoid investments in the Government IRS and RES schemes specially designed for foreigners. 

Cader Sayed Hossen places a high emphasis in his mission to amend the laws and make it more difficult for foreigners to use the loopholes, as this, although it is not entirely “illegal” it should not be tolerated, he says.

He talks about South African ghettos being formed… and more.

PPP advices you to enquire before making an investment in Mauritius.  What if you bought in Mauritius thinking it’s legal and in a few years the Government decided to claim back their land?

We don’t want this to happen to you.  Therefore we are up-to-date with the regulations and will remain always on the side of the law and, of course, on YOUR side!

Your property central agent in Mauritius    

UNDERSTANDING RES AND IRS   

Basically, in order to purchase real estate in Mauritius as a foreigner, you have only 2 options, either the RES (Real Estate Scheme) or the IRS (Integrated Resort Scheme).

Both Schemes offer properties of high standards in closed and secured domains.

The RES developments are usually fairly small, with smaller houses or even apartments, with prices starting from 200.000 dollars.

The IRS developments must provide with leisure and commercial amenities of high standing such as golf courses, marinas, individual swimming pools, spa and wellness centers, high class restaurants etc and a day-to-day management service.
The price of an IRS property will start at 700.000 dollars.

As a foreigner, you can only stay in Mauritius for a maximum of 6 months per year (2 sets of 3 months).

If you decide that you want to spend more time in Mauritius and eventually reside here permanently, you may obtain Mauritian resident status by.... 

read more here...

Your property central agent in Mauritius 

   
DISCOVER our new features on the www.mauritius-united-properties.com website:
You can now do a property search with your own criteria.  We have added waterfront properties and rentals, either short term or long term.  We are also getting involved in resale now, further to the large amount of emails received asking us for Mauritian properties for Mauritians and permanent residents! 

ONLINE PRESENCE.  In today’s society, if you are not online, you are basically nonexistent.  Patricia Piper Properties is now well referenced on Google, Yahoo, Msn Search engines.  After only 4 months of existence, we have an average of 100 visitors per week on our website!   We are active on Facebook (http://www.facebook.com/pages/Patricia-Piper-Properties-Ltd/67592762775) , Twitter (follow patriciapiper) , Linked In, Plaxo and many more social websites.

EXPERIENCE: After 4 years in the investment property market in France, and in Luxury Real Estate, we want to implement our knowledge and experience into the Mauritian market. 

Patricia Piper Properties is on its way to becoming the reference Real Estate Agent of the Island.
Become a part of it!
Contact us: piper.patricia@gmail.com  tel: + 230 799 70 16
.

more info...

Your property central agent in Mauritius 

    * You have a project to invest in property but you haven't found the right place yet ...   
    * You have always dreamt of an island life or island holidays...
    * 15% income tax is something that you could well be interested in...
    * You are a bit wary of investing in Europe or USA at the moment due to their financial instability
    * You are looking for a place where the word "service" still means something...
    * You are looking for a place to retire...

We will help you through the process of purchasing your property in Mauritius.

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Your property central agent in Mauritius 

At Patricia Piper Properties we assit you in purchasing your property in Mauritius.

There are so many different projects that you don't know where to start looking.  We help you to find the ideal place for your family or for your investment, and we put you in contact with the right people.

Our aim is to match your requirements to the home of your dreams.

As most of the developments are off-plan, we make sure that the developers of these projects are serious and reliable and have all the necessary bank guarantees.

There is no extra charge involved in our service, we are paid by the developers, so the price will be the same, whether you purchase through us or directly from the developer.

So, avoid wasting your precious time looking for information on the internet, papers, publicities...  All you need to is put your dreams in our hands and we will do the rest for you! 

more info...