Despite a slow down in the property market in Mauritius, due to the global economic crisis, President of the Mauritian Estate Agents Association Mahen Poligadoo remains confident that encouraging signs from Europe and the US point to a revival of the sector from 2010.
Although the Integrated Resort Schemes (IRS) and the Real Estate Schemes (RES) offered in Mauritius are currently not selling as well as before, demand remains strong, and land in Mauritius will continue to retain its value for many years to come, Poligadoo maintains.
Confident that Mauritius is not entering a crisis period, Poligadoo has rejected the idea of a government rescue plan for the industry, emphasising that non-residents already benefit from substantial fiscal advantages, including low income tax and no capital gains or inheritance tax, once granted resident status.
According to Poligadoo, in terms of marketing, estate agents in Mauritius are now targeting four key markets, namely South Africa, the Réunion Island, Europe and Russia.
A comprehensive report in our Intelligence Report series dealing with the issues raised by international property investment, and the possible taxation implications raised by such purchases, with an account of the likely (and some less obvious) potential countries for your consideration, is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report15.asp
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