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Newsletter November 2014

Dear Valued Clients & Friends,

Summer is upon us :)
Certainly many are planning end of year functions, trips abroad and holiday activities…

I thought I would take this opportunity to give an update on the state of the “long term rental market” in Mauritius, at least for the upper price brackets. We have be inundated with new arrivals, from Europe mainly and some from South Africa over the last quarter, all seeking long term accommodation either in the North or on the West coast. More than ever it has been very challenging, most briefs feature the desire for something modern, new kitchens/bathrooms, space and views or on/near the beach.
This has been in very limited supply, some sign and secure properties without having even visited it – for fear of losing out to another eager tenant.

When scanning through the main property portal, Lexpressproperty, one would think there are plenty options available but it is not the case, upon enquiring one will find more times than not, the property is gone. Besides one or two new RES projects nearing completion its hard to imagine where the new arrivals are going to find suitable accommodation? …and at what price.

The trend of rental prices going down is now over, we expect increases over the next 12-24 months.

If you are sitting on a prime piece of land, perhaps consider building and letting out for long term, likewise if you have a desirable home that is not being used please contact us, we have many clients looking for accommodation.

Most Popular requests: 
Belle Vue, Hillside, Bon Espoir, Pointe aux Canonniers, Pereybere, Anywhere on the beachfront, Domaine de Mont Calme, Plantation Marguery, Tamarina, Casasola Trou aux Biches

As usual be sure to check out our latest property listings and keep up to date by “liking” our Facebook page: https://www.facebook.com/mwPropertymauritius

You can also follow our twitter feed here: https://twitter.com/MWPGMauritius

Until Next time….

Wes & MW Property Group Team:)

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