Ex­pand your in­vest­ment port­fo­lio...

Finweek English Edition - - Portfolio Punts -

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).

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