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Not only was Mauritius recently voted the number one country in Africa to do business, but it also boasts a lifestyle that many people can only dream of. It’s not surprising that this stable, thriving Indian Ocean paradise is fast-becoming the choice for international investors.
Mauritius reported a 5.6% GDP growth at the 2007 financial year end, with a projected growth of 6% for 2008. Other benefits offered by the island include low rates of both corporate and personal income tax (15%) as well as the absence of inheritance and capital gains taxes. Added investment incentives include a high demand for luxury villa rental, a fast-establishing dollar-based property market and in particular the opportunity for South African buyers to invest rands into this dollar-based market.
The Mauritian property market is also booming, due largely to the introduction of the Integrated Resorts Scheme (IRS) by the Mauritian Government, whereby non-residents can now buy freehold title to residential property. This in turn entitles them to Mauritian Permanent Residency for both themselves and their immediate families. Offering a significant return on investment, IRS properties which have been resold in under two years have already seen substantial price increases.
Villas Valriche is one of the island’s most prestigious IRS schemes that is making this dream lifestyle a reality for many. Situated in the beautiful Domaine de Bel Ombre area on the island’s south west coast, this luxury residential lifestyle estate offers uninterrupted views of the Indian Ocean. It will comprise 288 Plantation-Style villas across 200 hectares of lush vegetation, overlooking a completed Peter Matkovich designed championship golf course, as well as a 9 hole par 3 course, which is the only one of its kind on the island. Furthermore, Villas Valriche is a bank-guaranteed IRS development, guaranteed for completion by the Mauritian Commercial Bank, further augmenting its attractiveness as a sound investment opportunity.
There are four styles of villas to choose from with 22 different layout designs in single and double storey configurations, offering 2 bedroom villas of 250m² up to 3 or 4 bedroom villas in excess of 400m². Plots vary in size from 700m² to over 2,000m² and nearly all will have uninterrupted panoramic golf and sea views. Prices start from US$ 950 000.
Villas Valriche offers a life of luxurious relaxation within a safe and secure environment. Owners have inclusive membership to the exclusive ‘ Le Golf du Chateau’ Club which offers a world-class golfing experience on courses which set international standards for excellence. The private Sports and Beach Clubs offer exceptional facilities (including a fully equipped gym, tennis courts and swimming pool and an exciting array of activities in keeping with the tropical Mauritian lifestyle. Residents can enjoy a fine dining experience at the graceful Le Chateau restaurant and Villas Valriche plans to build a second championship golf course as well as a signature Spa in the immediate future.
A competitively-priced, full title luxury island home in a spectacular setting only a four hour flight away from South Africa; a rising dollar based property market; a stable political environment; a country that is experiencing unprecedented economic growth and which offers valuable fiscal benefits for foreign investors coupled with offshore residency – Villas Valriche presents a world of opportunity and lifestyle second to none.
For further information please visit www.villasvalriche.com or call 0861 113 985 (local calls) or 27 11 518 0400 (international calls).