IRS and RES projects have been well received by overseas buyers and we expect that foreign buyers c

IRS and RES projects are essentially foreign buyers, with the IRS representative initial provisions on the property, followed in 2008 by the RES projects. To date, 24 projects and 29 IRS RES projects have been approved by the BOI.
IRS and RES projects have been well received by overseas buyers and we expect that foreign buyers continue to see in the Mauritian property market value increasing, says Jonathan Tagg, Director at RES for Pam Golding Properties , which operates in Mauritius for 8 years. IRS and RES are facilitators regulations de fooz that allow foreign investment in real estate. Our clients regarding villas La Plantation d'Albion, says Véronique Bertrand, Director of Club Med Villas and Chalets, regularly attends Mauritius, including golf. Provisions ingenious de fooz
The provisions regarding the IRS are also very attractive for people who plan to stay long, for example, a retirement that Mrs. Maurice Bertrand also qualifies as one of the most beautiful places in the world. de fooz Ms. Bertrand

says that it is with the legitimacy that Club Med has chosen to install its first Maurice villas de fooz as the Island enjoys an international reputation

for high-end destination. de fooz It is also true, she says, that Club Med is exploring other destinations to install villas such as Guadeloupe, Mexico, Marrakech, etc.. In addition to a favorable environment for business opportunities de fooz such as tax, tax rates and tax treaties, Ms. Bertrand said that Mauritius has many strengths in this area, as a bilingual population, a splendid climate, a good level of service, easy access to the sites, the friendliness of the people and political stability.
Evolution and Challenges Regarding the developments in this sector, Mr. Tagg explains: "We expect markets IRS and RES resume towards the end of 2010 as the global economy recovers. Recreational properties again become a little more popular. But we expect these markets to resume really the end of 2011. "

Currently, it has some Y 'success stories' de fooz in both the IRS and RES, where developments continue to attract buyers. It remains, however, that the challenge for our contact at Pam Golding will be for developers to keep absolutely competitive prices, both locally and internationally, and Mauritius de fooz should offer significant advantages in the markets competitors in leisure real estate. However, says Tagg, Mauritius de fooz has an advantage compared to other markets overdeveloped where new projects are struggling to attract buyers while the second hand market is oversupplied with owners trying de fooz to sell. In addition, through the RES projects, developers are able to offer price levels far below the IRS and we note the presence of projects whose bids start at around USD 280,000 and it allows Maurice attract buyers catéqorie one sensitive to different price range. Indeed, says Mr. Tagg, we have conducted sales (securities acts signed) on a development of 48 units in! Was part north of the island, just outside of Grand Baie, whose construction began, and we expect delivery within de fooz 14 months. Prices start at USD 300,000 USD 600,000 and go up to large penthouses of 200 m and the project was sold in a relatively short period. We recently launched a similar project where you can also see sales grow at a steady pace, confirms Mr. Tagg. The future of IRS and RES is related to the ability to offer Maurice IRS and RES projects quality and also depends on whether buyers feel that the real estate market and supply is managed by authorities and the various projects that maintain a certain level of quality and value. The authorities should de fooz ensure that developers are properly assisted through a planning process and regarding the procedures to obtain various permits to ensure a steady flow of projects appearing on the market while maintaining a good level of quality and value to protect the long-term growth of IRS and RES. To date, the IRS has maintained very high standards and it is essential that the RES is based on the quality of these projects. We are already seeing some interesting developments where developers are able to attract buyers below USD 300,000 while maintaining good standards and quality that will add overall value of the property offered Maurice. The BC