MAURITIAN FLIC-EN-FLAC DEVELOPMENT OFFERS SOUTH AFRICANS NEW PROPERTY INVESTMENT OPTIONS
Mauritius is rapidly expanding real estate investment opportunities for South African buyers as savvy developers sink capital into smaller designer builds that offer far more privacy than traditional resort properties without sacrificing beachfront living.
And according to High Street Auctions Managing Director James Dall, the South African market appetite for these properties is in overdrive.
“Resorts are fantastic options for families who want to buy holiday homes in the thick of the hustle and bustle, where amenities and clubs abound to keep children entertained.
“The South African buyer demographic in Mauritius is changing, though, in large part due to the island’s economic growth, stability and exceptionally welcoming foreign residence policies – not to mention the obvious lifestyle attractions that make it a perennial tourism hotspot.
“The expanding demographic includes retirees, entrepreneurs, and commercial emigrants; a massive market segment for which long-term resort living just won’t work.”
Their ideal alternative, according to Dall, lies in developments like Flic-en-Flac’s Eight Palms; a designer building comprising just seven apartments that will be located directly opposite one of Mauritius’ most beautiful beaches.
Privacy and exclusivity are assured with only two apartments per floor, topped by a luxury penthouse and communal pool deck.
“High Street will be auctioning all seven sectional title units on August 11, with construction expected to finish within 14 months of the sale.
“Eight Palms comprises spacious two- and three-bedroom apartments, all featuring indoor-outdoor living areas, designated parking and high-end finishes that include built-in cupboards.
“The site is directly opposite Flic-en-Flac’s white beach, which is one of the longest on the island. A coral reef protects its lagoon, so Eight Palms has spectacular swimming, snorkelling and diving right on its doorstep.”
Flic-en-Flac is located in the Black River area of the west coast.