Patricia Piper Properties ltd

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The Real Estate Scheme

A non-resident can purchase property in Mauritius through this property scheme since the 29th of November 2007.

These residences include amenities and other facilities as well as day-to-day management services such as security, maintenance, gardening, solid waste disposal and household services.

RES units do not have a minimum selling price, so you will be able to find quality properties at reasonnable prices (starting at approx. 150.000 euro)

A project under the RES is developed on freehold land.

All persons intending to acquire a residential property under IRS and RES shall require an approval from the Mauritian Board of Investment.

Residency is now provided to the buyer of a residential property under RES for a minimum investment of 500.000 dollars (or equivalent)

The regulations also provide for where a property is acquired by foreigners, the investment must be financed from funds outside Mauritius and where a loan is taken with a bank in Mauritius, the whole amount should be in USD, EURO or GBP.
We are also working closely with our partners to improve the RES developments and turn them into a profitable investment for our customers.  We are aiming at building resorts with Management companies that will basically work like french leasebacks schemes, in which the rental income is guaranteed.

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Average price per m2 in RES developments throughout the island (of price incl furniture):

Trou-au-Biches RES

150 m from the beach of Trou-aux-Biches - 4 bedroom individual villas with private pool

Average price per m2: 116.000 Rs (2.700 euro)

Peyrebere Athena

1 km from the beach of Peyrebere - 2 and 3 bedroom individual villas with private pool

Average price per m2: 86.500 Rs (2.000 euro) 

Grand Bay Eden

1 km from the beach of Peyrebere - 2 and 3 bedroom individual villas with private pool

Average price per m2: 80.200 Rs (1.910 euro)

Bain Boeuf Bay

50m from the sea - Sea and Coin de Mire views - 2 and 3 bedroom apartments with private pool.

Average price per m2: 124.000 Rs ( 2.950 euro)

Peyrebere Villas

150m from the beach of Peyrebere - 3 and 4 bedroom individual villas with private pool

Average price per m2: 107.000 Rs (2.540 euro)

Contact us for more information on the RES

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Latest IRS and RES developments on offer

CALODYNE

A RES (Real Estate Scheme) developement set up in Calodyne, in the North of the island.  60 duplexes and simplexes with a beautiful view of the sea and the Northern Islets. 

These duplexes and simplexes will blend in with nature and will have all the necessary facilities, gym, spa, restaurant, pool house, reception, security...

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