Nestled in the west of Mauritius Island, Tamarin has a rich history, marked by salt production and the delights of fishing. The village also houses several historical sites such as Rempart Mountain and Black River Gorges National Park. Its privileged location, not far from Port-Louis, the capital, and Flic-en-Flac, a famous seaside resort, makes Tamarin a coveted place for luxury real estate.
The Luxury Real Estate Market in Tamarin
The luxury real estate market in Tamarin is currently stable with rising demand for high-end houses and apartments. This stability is supported by a strong political and economic situation which guarantees an excellent real estate investment in the region.
Costs and Charges of Property Purchase in Tamarin
In the process of buying a luxury home in Tamarin, you will need to consider, in addition to the cost of the residence, the real estate commission, notary fees, transfer rights and possibly some additional costs related to the building inspection and legal fees. The real estate commission in Tamarin is usually around 5% of the final selling price. The transfer right is approximately 5% as well.
Taxes and Duties in Tamarin
Private ownership of a house in Tamarin is subject to wealth tax, which is based on the value of the property. An income tax is also applicable for registered residents of Tamarin, while the sale of a primary or secondary residence can result in a tax on the profit made. The corporate tax rate is set at 15%.
Real Estate Financing and Luxury Neighbourhoods in Tamarin
To take out a mortgage in Tamarin, most banks require a good ratio of own and foreign capital as well as a stable income. The maximum amount that one can get in mortgage is generally 80% of the purchase price. The most upscale neighborhoods in Tamarin are Black River and La Preneuse, known for their beautiful villas and luxury ambiance.
Access to Tamarin
Tamarin is a few kilometers from the capital, Port-Louis, and is easily accessible by road. For international travelers, Sir Seewoosagur Ramgoolam Airport, the country's main airport, is just over an hour's drive away.
Amenities in Tamarin
Tamarin offers an ideal living environment with exceptional schools such as Northfields International High School and École Paul et Virginie. The village is known for its exceptional natural environment, its pristine beaches and its outdoor sports such as surfing and kitesurfing. The climate is tropical and particularly pleasant all year round. Tamarin also offers a variety of luxury shops and high-quality restaurants such as Big Willy's and Moustache Bistrot Restaurant. The village is also enlivened by cultural and sports events throughout the year. Finally, Tamarin has quality health infrastructure with well-equipped clinics nearby.
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