To acquire a new property or to build your dream home

Category: Property Service

Table of content

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Finding the Right Financial Solutions to Suit Your Unique Needs

When embarking on significant life projects such as acquiring a new property or building your dream home, you are inevitably faced with substantial financial requirements. Whether you are in the market to purchase a home or construct one from scratch, the financial aspect demands careful consideration. It is paramount to engage with a reliable and trusted financial partner to ensure that your resources are well-managed and your aspirations are realized. With a plethora of companies vying for your attention, making the optimal choice can be a daunting task. Using the right real estate agents, banks, construction companies, you can get the best deals, along with being able to build or find your future home in Mauritius. At Property Finder, we are dedicated to equipping you with the information necessary to make a well-informed decision that aligns with your goals and aspirations.

  • If you would like to read more on why you should be renting a property before buying one...
  • Otherwise, if you would like to read more about what you need to know when buying a property in Mauritius! Click here

Planning comes first!

Do you wish to rent, buy or build? Why not read what we have to say before making a decision! Nobody likes running into unexpected costs. So, let's try help you avoid that!


Renting a property in Mauritius is a practical and popular choice for individuals, families, and expatriates looking for a comfortable living space without the commitment of ownership. The renting process involves several key steps, from property search within your budget to signing the lease agreement. Here's a comprehensive guide to help you navigate the renting process in Mauritius:

1. Property Search: Begin your renting journey by searching for properties that align with your preferences and requirements. Utilize real estate websites, classifieds, social media groups, and local real estate agencies to explore available rental options. Determine your budget, preferred location, and the type of property (apartment, house, villa) that suits your lifestyle.

2. Property Viewing: Arrange property viewings with landlords, property managers, or agents to physically inspect the rental property. This step allows you to assess the condition of the property, its amenities, and its proximity to essential services such as schools, markets, and transportation.

3. Lease Negotiation: Once you find a property that meets your criteria, negotiate the terms of the lease agreement with the landlord or agent. This includes discussing the monthly rent, security deposit, lease duration, and any additional clauses related to maintenance, utilities, or pets.

This is an overview image of the beach and the ocean

4. Lease Agreement: The lease agreement is a legally binding contract between you (the tenant) and the landlord. It outlines the terms and conditions of the rental, including rent amount, payment schedule, security deposit, maintenance responsibilities, and termination clauses. It's essential to carefully review and understand the agreement before signing. If you have any other legal requirements for renting Property, come read up more about it here

5. Security Deposit and Advance Rent: Before moving in, you'll typically need to pay a security deposit, which is usually equivalent to one- or two-months' rent. Additionally, the landlord may require an advance payment of the first month's rent. These payments provide security for the landlord against potential damages or unpaid rent.

6. Entry Inspection: Conduct an entry inspection of the property alongside the landlord or agent. Document the existing condition of the property, including any pre-existing damages or issues, to avoid disputes when moving out.

7. Utilities and Services: Confirm which utilities and services (electricity, water, gas, internet, cable TV) are included in the rent and which ones you're responsible for. Make arrangements to have the necessary utilities transferred to your name.

8. Moving In: On the agreed-upon date, you can officially move into the rental property. Pay the advance rent and security deposit, and ensure that all terms of the lease agreement are met. Take note of utility meter readings and any other relevant information.

9. Rent Payments: Pay your monthly rent on time, adhering to the agreed-upon payment schedule. Keep records of rent payments for your reference.

10. Maintenance and Responsibilities: As a tenant, you're responsible for maintaining the property in good condition. Attend to minor repairs and inform the landlord or property manager of any major issues promptly. Follow the rules outlined in the lease agreement regarding property care and maintenance.

11. Moving Out: Before moving out, give the landlord appropriate notice as specified in the lease agreement. Perform an exit inspection with the landlord or agent to assess any damages beyond normal wear and tear. If everything is in order, the security deposit should be returned to you as per the terms of the lease.

Renting a property in Mauritius offers flexibility and convenience, allowing you to experience the island's beauty without the long-term commitment of ownership. By understanding the renting process, you can secure a comfortable and welcoming space to call your home away from home. Come take a look at our range of houses, villas, bungalows, and apartments that are for rent! Click here


Buying property in Mauritius is an exciting and significant step that requires careful planning, legal considerations, and financial preparation. Whether you're a local resident or an expatriate, understanding the property buying process is essential to ensure a smooth and successful transaction. Here's a comprehensive guide to help you navigate the property buying process in Mauritius:

1. Property Research and Selection: Begin by researching the types of properties available in Mauritius, such as apartments, houses, villas, or land. Define your budget, location preferences, and property specifications. Engage with local real estate agencies, browse online listings, and explore properties that align with your requirements.

2. Engaging Professionals: Enlist the services of professionals to guide you through the process. A local real estate agent can provide valuable insights, arrange property viewings, and facilitate negotiations. Additionally, consider hiring a lawyer to assist with legal aspects, including due diligence, contract review, and compliance with local regulations. Read up more on the advantages of using a real estate agent when buying property in Mauritius here!

3. Property Viewing and Inspection: Visit properties of interest to assess their condition, amenities, and suitability. Inspect the property thoroughly, looking for any structural issues or maintenance needs. Take notes, photographs, and ask questions to gather comprehensive information.

4. Preliminary Agreement and Offer: Once you've found the ideal property, make an offer to the seller through your agent. If the offer is accepted, a preliminary agreement is drawn up, outlining the terms and conditions of the sale, including the purchase price, payment schedule, and any contingencies.

5. Due Diligence: Conduct due diligence to ensure that the property has a clear title, is free from any legal disputes, and complies with zoning and development regulations. Your lawyer will play a crucial role in verifying the property's legal status and identifying any potential issues.

This is an image of a small home and key to symbolize the start of a new home

6. Signing of Sale Agreement: Upon satisfactory due diligence, a sale agreement is prepared and signed by both parties. This legally binding document outlines the terms of the sale, payment schedule, completion date, and any additional conditions.

7. Payment and Transfer of Funds: As the buyer, you'll need to transfer the agreed-upon funds to an escrow account, ensuring a secure transaction. The funds are released to the seller upon completion of the sale.

8. Application for an Occupation Permit (Non-Citizens): If you're a non-citizen of Mauritius, you'll need to apply for an Occupation Permit to own property on the island, which is an extra cost. This permit is obtained from the Economic Development Board (EDB) and grants you the legal right to reside and work in Mauritius.

9. Transfer of Ownership and Payment: On the completion date specified in the sale agreement, the final payment is made, and the property's ownership is transferred to your name. This involves the signing of the deed of transfer before a notary public.

10. Registration and Documentation: The deed of transfer is registered with the Registrar-General's Office to officially record the property's change of ownership. You'll receive a registered deed, confirming your legal ownership of the property.

11. Property Registration Fees and Taxes: Property registration fees and taxes are payable upon completion. These include the Transfer Tax and the Registration Duty. Your lawyer can assist in calculating and ensuring that these fees are paid.

12. Possession and Enjoyment: Upon completion, you gain possession of the property and can begin enjoying your new investment. If the property was purchased for rental purposes, you can start generating rental income.

Purchasing property in Mauritius offers the opportunity to own a piece of this beautiful island. Are you ready to embark on a successful property buying journey and make your ownership dreams a reality? Don't forget about the future maintenance costs, so keep an eye out for anything that may be wrong with the house before you buy it. Make sure that any of your additional costs will not be too high! Interested in reading up on what you need to know when buying a property in Mauritius? Click here

Or are you more interested in buying a holiday home in Mauritius?


This is an image of a neon light that says Dream Home!

When looking to build, you will be looking at an entire process from planning your dream house, construction cost and having to wait it out until your dream house is ready for you! Why don't we take a look at the process together here! With the thought of a possible brand-new home made just for you!

1. Conceptualization and Design: The construction process begins with conceptualizing your vision and designing your dream house. Collaborate with architects, engineers, and designers to create detailed designs, blueprints, floor plans, and renderings that align with your goals and comply with local regulations. This phase also involves obtaining necessary permits and approvals from relevant authorities. Make sure that in this process you set a realistic budget!

2. Site Preparation: Once approvals are secured, the site preparation phase begins. This involves clearing the piece of land that you have fallen in love with, leveling the ground, and preparing the foundation. If necessary, utility connections such as water, electricity, and sewage systems are established during this phase. I mean you are building a house from scratch here! This is also where some of the unexpected costs could come in, where the water, sewage, and electricity lines and pipes need to be bought and laid down before the construction of the house!

3. Foundation Construction: The foundation serves as the structural base of your building. Depending on the type of structure, foundations can be concrete slabs, crawl spaces, or full basements. Proper foundation construction is crucial to ensure the stability and longevity of the building.

4. Structural Framework: With the foundation in place, the structural framework is erected. This phase involves constructing walls, columns, beams, and roof structures. Materials such as concrete, steel, and wood are used to create the building's skeleton.

5. Roofing and Enclosure: Roofing materials are installed to provide protection against weather elements. Simultaneously, the building is enclosed with walls, windows, and doors. This phase marks the transition from the skeletal structure to a recognizable building form.

6. Interior and Exterior Finishes: The interior and exterior finishes give the building its aesthetic appeal. This includes installing flooring, wall finishes, paint, tiling, and decorative elements. Exterior finishes such as landscaping, façade treatments, and exterior paint contribute to the building's overall look.

7. Electrical and Plumbing Installation: Electrical and plumbing systems are crucial for the functionality and comfort of the building. Licensed professionals install wiring, outlets, switches, and plumbing fixtures to ensure efficient water supply and waste disposal.

8. HVAC and Insulation: Heating, ventilation, and air conditioning (HVAC) systems are installed to maintain a comfortable indoor environment. Insulation materials are added to enhance energy efficiency and regulate temperature.

9. Testing and Quality Control: Before occupancy, thorough testing and quality checks are conducted on various systems, including electrical, plumbing, and safety features. This phase ensures that the building meets safety standards and functions as intended.

10. Final Touches and Handover: The final touches involve detailing, cleaning, and adding any remaining fixtures or furnishings. Once the construction is deemed complete and all regulatory requirements are met, the building is handed over to the owner.

11. Occupancy and Post-Construction: After receiving the necessary occupancy permits, the building is ready for use. Post-construction activities may include addressing any punch-list items, maintaining the building, and ensuring that it continues to meet safety and regulatory standards.

As you can see the construction process in Mauritius is well organized and quite well planned out, which can take a little while longer than normal. While the construction process in Mauritius follows a general framework, it's important to consider local factors and challenges such as weather conditions, labor availability, and adherence to building codes. By approaching the process with thorough research, a clear vision, and a reliable team, you can navigate the construction process with confidence and ultimately see your architectural vision come to life in this picturesque island nation.

There is a lot of real estate development that is currently in progress in the Black River and Tamarin area! Come read about it here!

Exploring 3 Diverse Financial Solutions for Property Acquisition and Construction in Mauritius

When it comes to realizing your dreams of homeownership or constructing your ideal dwelling in Mauritius, selecting the right financial solution is crucial. The island nation offers a range of options tailored to meet various needs and preferences. Let's delve into three distinct financial solutions that can pave the way to your property aspirations.

1. Mortgage Loans: Partnering with Established Banks

One of the most common and traditional ways to finance your property purchase or construction project in Mauritius is through mortgage loans provided by established banks. These loans are specifically designed to enable you to acquire residential properties or build homes, ensuring your goals are attainable.

Key Features:

  • Flexible Financing: Mortgage loans provide a percentage of the property's value, usually up to 70-80%, allowing you to secure your dream property with a reasonable down payment.
  • Interest Rates: Interest rates can be fixed or variable, depending on the bank's offerings and your preference. Fixed rates offer stability, while variable rates can fluctuate with market conditions.
  • Repayment Terms: Mortgage loans typically offer extended repayment periods, often spanning up to 25-30 years. This ensures that your monthly installments are manageable and aligned with your financial capacity.


  • Access to substantial funds for property acquisition or construction.
  • Predictable monthly payments due to fixed or variable interest rates.
  • Long repayment terms ease the financial burden.
  • Established banks offer reliable and reputable services.


  • Eligibility criteria such as income, credit score, and employment history are essential.
  • Interest rate fluctuations may impact monthly payments in the case of variable-rate mortgages.

2. Government-Sponsored Housing Schemes: Affordable Housing Initiatives

The Mauritian government recognizes the importance of affordable housing for its citizens and offers various housing schemes to promote homeownership. These initiatives aim to make property ownership accessible to a broader segment of the population, particularly those with modest incomes.

Key Features:

  • Subsidized Interest Rates: Government-sponsored housing schemes often come with subsidized interest rates, making the cost of borrowing more affordable.
  • Lower Down Payments: These schemes may require lower down payments compared to traditional mortgage loans, making it easier to enter the property market.
  • Income Criteria: Applicants need to meet specific income criteria to be eligible for government housing schemes.


  • Enhanced affordability due to subsidized interest rates.
  • Lower initial costs facilitate entry into the property market.
  • Government-backed initiatives provide a sense of security.


  • Income eligibility criteria must be met to qualify for these schemes.
  • Availability of properties under these schemes may vary.

3. Property Development Loans: Building Your Dream Home

If your goal is to construct a customized home tailored to your preferences, a property development loan can be an ideal solution. This type of loan is designed to cover the costs associated with building a new residential property from scratch.

Key Features:

  • Tailored Funding: Property development loans provide funds for various stages of construction, from land purchase and planning to construction and completion.
  • Progressive Payments: Funds are disbursed in stages based on the progress of construction, ensuring that you only pay for work that has been completed.
  • Flexible Repayment: Repayment terms can be customized based on the project timeline, offering flexibility during the construction phase.


  • Customized financing to cover all stages of construction.
  • Progressive disbursement ensures efficient use of funds.
  • The ability to build a home that aligns with your unique preferences.


  • Detailed project plans and cost estimates are necessary for loan approvals.
  • Proper project management is crucial to ensure timely completion and efficient fund utilization.

This is an image of the ABSA building in South Africa

Introducing Absa Group Limited: Your Trusted Financial Partner

With a legacy of 100 years of expertise gained through its association with the former Barclays Bank, Absa Group Limited stands out as a premier provider of flexible and secure loan solutions. The advantages of Absa's offerings are multifaceted, ranging from highly competitive interest rates to extended repayment terms. For instance, the Housing Loan offers repayment periods of up to 30 years, catering to both immediate and long-term needs. Notably, first-time buyers can benefit from financing options that cover up to 100% of the property's cost, up to a limit of Rs 8 million. Additionally, the Personal Loan product extends the potential to secure unsecured loans of up to Rs 5 million.

In the words of Bhavna Bessoondyal, the Head of Products and Segments at Absa Mauritius:

“We are committed to being close to our customers with offers that perfectly match their requirements... For this reason, we invest time discussing with our customers to understand their needs in order to help them structure the ideal loan solution. Our interest rate is also very competitive. As a customer-oriented bank, we are a strong institution with a significant presence in the region.”

Unwavering Optimism Amidst Challenges

Despite the prevailing health crisis and the resulting economic uncertainties, the interest among Mauritians in Absa Mauritius' diverse range of financial solutions remains steadfast. The post-lockdown scenario has revealed an ongoing demand for Absa's loan facilities, which demonstrates the unwavering trust clients place in the institution.

Bhavna Bessoondyal further elaborates:

We are constantly monitoring and assessing the impact of Covid-19 on the real estate sector. However, since the lifting of the lockdown, we noticed that there is still a demand for our loan facilities! In the spirit of our Africanacity philosophy: ’Bringing possibilities to life’, we continue to address these demands. Absa Mauritius is dedicated to improving the experience of its customers and helping them to achieve their dream home or project,

A Comprehensive Array of Loan Solutions

Absa Bank Mauritius has carved a niche in the financial sector by offering a comprehensive suite of loan solutions that cater to diverse needs. Whether you intend to purchase a plot of land for future construction, acquire a house or apartment, renovate or expand an existing property, build a residential complex, or even refinance a home loan, Absa stands ready with tailored options to match your aspirations.

For individuals falling between the age bracket of 18 to 65 years (or up to retirement), Absa provides loan solutions starting from a minimum of Rs 500,000. These loans can be extended over a generous period of up to 30 years, with the maximum duration being 10 years in case the guarantee is in cash. First-time buyers can avail themselves of the remarkable benefit of securing up to 100% financing, up to a cap of Rs 8 million*.

The Assurance of Guarantees

When partnering with Absa, clients can rest assured that their interests are safeguarded through a range of guarantees:

  1. A first legal charge on the freehold or long lease property owned by the client or guarantor.
  2. A claim on the credit balance.
  3. Any other acceptable guarantee as deemed appropriate by the bank.

Furthermore, Absa distinguishes itself by waiving the registration fee on the original refinanced amount when clients choose to refinance with other institutions. This initiative serves to alleviate financial burdens and underscores the bank's commitment to ensuring a seamless transition for its customers.

This is an image of the MCB building in Mauritius

Mauritius Commercial Bank: Building Your Dreams, One Home at a Time

The Mauritius Commercial Bank (MCB) is a well-known bank in Mauritius that offers a range of financial solutions, including home loans. With a strong reputation built over many years, MCB is a reliable choice for individuals and families looking to buy a home. Established in 1838, MCB has grown to become one of Mauritius' leading banks, celebrated for its customer-centric approach and commitment to innovation. Over the years, MCB has honed its expertise in understanding the evolving needs of its clients, especially those aspiring to own their dream homes.

MCB Home Loan Solutions:

Recognizing that purchasing a home is a pivotal life decision, MCB offers a diverse range of home loan solutions to cater to various aspirations, whether it's acquiring an existing property, building a new home, or refinancing an existing loan.

1. Home Purchase Loans: MCB's home purchase loans are designed to provide aspiring homeowners with the financial support required to buy their dream property.

Key Features:

  • Competitive Interest Rates: MCB offers competitive interest rates that ensure affordable monthly repayments, enabling you to manage your finances effectively.
  • Flexible Repayment Periods: Depending on your financial capacity, you can choose from various repayment periods to suit your needs and comfort.
  • Personalized Approach: MCB's dedicated team takes the time to understand your unique requirements, ensuring that the loan structure aligns with your financial goals.

2. Home Construction Loans: For those envisioning a home that perfectly reflects their preferences, MCB's home construction loans offer tailored financing to bring architectural dreams to life.

Key Features:

  • Staged Funding: Funds are disbursed in stages as construction progresses, ensuring that you have access to the finances needed for each phase of the project.
  • Expert Guidance: MCB's experienced advisors provide insights into project planning and management, aiding in the smooth execution of your construction project.
  • Customized Terms: The bank offers flexible repayment terms, allowing you to manage your finances effectively during the construction period.

3. Home Loan Refinancing: If you have an existing home loan with another institution, MCB's home loan refinancing solutions offer the opportunity to improve your financial situation.

Key Features:

  • Potential Interest Savings: Refinancing with MCB can lead to lower interest rates, resulting in reduced monthly payments and long-term savings.
  • Cost-Efficient Transition: MCB often covers certain costs associated with refinancing, making the switch hassle-free and cost-efficient.

In conclusion:

When embarking on the journey of property acquisition or construction, the significance of a reliable financial partner cannot be overstated. Absa Group Limited, with its rich legacy and customer-centric approach, or Mauritius Commercial Bank, with their long-standing service and dedication to Mauritius, stands as a beacon of trust and innovation in the realm of financial solutions. The ongoing demand for Absa and MCB's offerings, even in the face of challenges, is a testament to their unwavering commitment to transforming dreams into reality. As you take the step towards securing your financial future and realizing your aspirations, remember that Absa Mauritius and Mauritius Commercial Bank are not just banks; they are a partner in your journey towards a brighter tomorrow.

Karen Thornalley

2022-10-20 08:40:46





EUR 2,490,000



EUR 1,490,000



EUR 1,250,000



MUR 34,000,000



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