Grand Baie, nestled at the northern tip of Mauritius in the Rivière du Rempart district, boasts a rich history interwoven with commerce and colonial influence. Known for its turquoise emerald waters and golden sand beaches, its geographical beauty became a prime site for luxury residences. The district's history is eulogized through landmarks such as the 'Grand Baie Bazaar,' an antique harbour, and the 'Grand Baie Public Beach,' a testament to its fishing village roots. Today, Grand Baie serves as a sought-after destination for luxury living and an enchanting getaway from the hustle of urban life.
The Exclusive Property Market of Grand Baie
The luxury real estate market in Grand Baie is currently robust and stable, with an adequate supply to meet the high demand for luxury homes and apartments. The well-established political stability and favourable economic environment in the district provide an added incentive for potential investors and buyers.
When buying or selling a property in Grand Baie, an average real estate commission is generally in line with international standards. However, besides the brokers' fee, several other costs may be associated, such as transfer tax, notary fees, potential construction inspection charges, and possible legal costs. The transfer tax on private property in Grand Baie and the wealth tax for owning a house varies and should be prospected with a local consultant. It is essential to consider the tax norms on the profit made from selling a privately owned premise, depending on its utilization as a main residence or a secondary/vacation home.
Financial Norms and Mortgage Requirements in Grand Baie
While buying a home in Grand Baie, the mortgage requirements need your careful attention. The criteria usually reflect a prudent balance between own and foreign capital inputs, alongside strict income requirements. The maximum amount of mortgage on the purchase price would be subject to financial assessments generally made by the lending institution.
Residential Spheres and Accessibility in Grand Baie
Grand Baie is home to some of the most affluent and sought-after residential areas. The district is accessible by well-connected roads, with trains offering more distanced convenience. It is situated almost an hour's drive from Port Louis, the capital city of Mauritius, and approximately 70 kilometres from the Sir Seewoosagur Ramgoolam International Airport.
Institutional Proximity and Infrastructure in Grand Baie
The district has top-tier institutions in proximity, like the Northfields International High School, SSR Medical College, and Ecole du Nord. Grand Baie's public infrastructure is highly developed, and basic amenities are easily accessible. Well-known hospitals, like the Clinique du Nord and Mediclinic, ensure good healthcare facilities.
Lifestyle and Extravagance in Grand Baie
Extending a high-end luxury lifestyle, Grand Baie hosts a plethora of sports and outdoor activities, prestigious shops, and high-quality restaurants. There are famous resorts like the Royal Palm and Mauricia Beachcomber. The local event calendar is full of historical, cultural, and sporting events that entertain throughout the year and include venues like the Blue Penny Museum, Mauritius National Botanical Garden, and Aapravasi Ghat.
Grand Baie is not just a residence; it's a lifestyle. A lifestyle that combines luxury living with history, culture, and the captivating natural beauty of Mauritius.