Flic En Flac - Wolmar - Tamarin

Nestled in the picturesque region of Mauritius, Cascavelle boasts a rich cultural tapestry woven through its history, marked by remnants of colonial architecture and vibrant local heritage. The area is characterized by its lush green landscapes and proximity to the stunning Tamarind Bay, offering a serene yet luxurious setting for residents. Historical sights, such as the Casela Nature Park and the nearby Martello Towers, provide glimpses into the island's storied past. Geographically, Cascavelle benefits from its strategic position on the west coast, providing easy access to both the thriving capital, Port Louis, and the captivating beaches of the western coastline.

The Exclusive Property Market in Cascavelle

Cascavelle's exclusive property market is currently experiencing stability, attracting discerning buyers who seek luxury and privacy in an idyllic setting. The demand for high-end homes and apartments continues to exceed the supply, making it a competitive market for interested buyers. Political and economic conditions in Cascavelle and Mauritius as a whole are stable, bolstering buyer confidence.

Costs and Taxes Associated with Purchasing Property

When buying a luxury home in Cascavelle, it is essential to consider various associated costs. Typically, the commission for buying through a realtor is about 3% of the property's purchase price, similar to the seller's commission. Buyers should also account for additional expenses such as a 5% transfer tax, notary fees, and possibly construction inspection or legal costs. There is no wealth tax on the ownership of property in Mauritius, and if the property is your main residence, no tax is levied on the profit made from its sale. However, a tax rate is applicable if it's a secondary or vacation home.

Mortgage Requirements

For those seeking a mortgage to fund their purchase, lenders in Cascavelle typically require a minimum down payment of 20% of the home's purchase price. The mortgage can cover up to 80% of the property value, depending on the borrower's creditworthiness and income level. It is advisable for buyers to consult with local financial institutions for precise lending terms.

Prime Residential Areas

The most sought-after residential areas in Cascavelle include regions near the Tamarina Golf Estate and Flic en Flac, where luxury homes boast breathtaking views over the Indian Ocean and easy access to the area’s upscale amenities.

Transportation and Accessibility

Cascavelle is conveniently accessible by road, just a short 30-minute drive from Port Louis, the capital city of Mauritius. The area is also approximately an hour's drive from the Sir Seewoosagur Ramgoolam International Airport, facilitating both national and international travel.

Educational Institutions and Healthcare

Families will find quality education options with institutions such as the Westcoast School and Hamilton College nearby. For healthcare, the Apollo Bramwell Hospital in Moka and the Medine Clinic provide extensive medical services within a short drive.

Luxury Lifestyle and Amenities

Cascavelle offers an array of high-end shopping experiences at the Cascavelle Shopping Village, with international brands and boutique stores available. Dining enthusiasts can relish gourmet cuisine at renowned restaurants such as Domaine Anna and Le Fangourin. The area is also known for its vibrant nightlife and exclusive clubs. Outdoor activities abound, with options for golfing at Tamarina and water sports along the coastline.

Culture and Events

Residents can immerse themselves in cultural experiences with annual events such as the Mauritian Kite Surfing Festival. Nearby, the Mauritius Glass Gallery and the Patrick Mavros Atelier offer additional cultural enrichment. The infrastructure in Cascavelle is modern and well-maintained, ensuring residents enjoy a comfortable and convenient lifestyle.