Ilot Fortier is a small, quaint island enclave off the western coast of the larger Mauritius island, steeped in rich history and remarkable sights. Once known for colonial sugarcane plantations, it now boasts high-end beachfront estates, blending history with modern luxury living. From azure waters lapping on the golden shoreline to its lush greenery, Ilot Fortier effortlessly embodies the exotic tropical allure of Mauritius. Its geographical location offers residents both the tranquility of island living and the close proximity to vibrant, urban life scenes.
The Exclusive Property Market in Ilot Fortier
The current exclusive property market in Ilot Fortier is solid and stable, driven by high demand for its luxury homes and apartments. Supply routinely strives to keep up with this demand, but the limited availability of spaces keeps the market exclusive. Additionally, the current political and economic situation in Ilot Fortier is stable, fostering a sense of confidence among potential investors.
Costs and Taxes Associated with Luxury Properties on Ilot Fortier
On average, both buyers and sellers can expect to pay a real estate commission of around 3% in Ilot Fortier. Additional costs when buying a luxury home or an apartment involve a 5% transfer tax, notary fees, realtor commissions, possible construction inspection fees, and legal costs. The wealth tax on home ownership is assessed at 0.5% of the property's value, and 15% corporate tax for registered companies applies. Surprisingly, the sale of a main residence is tax-exempt, but selling a second home warrants a 15% tax on profits. Residents can expect income tax rates at about 15%.
Mortgage Requirements and Considerations
General mortgage requirements for buying a house in Ilot Fortier typically demand a healthy balance of own and foreign capital. A 40-60% margin on the purchase price is usually the maximum mortgage one can get.
Desirable Residential Areas and Accessibility
The most expensive and most sought-after residential areas of Ilot Fortier are the beachfront properties, offering breathtaking ocean views. The island is accessible by a road bridge, connecting it to the rest of Mauritius, and the nearest big city, Port Louis, is about an hour’s drive. National and international airports, SSR International Airport, are easily reachable within an hour’s drive too.
Education, Healthcare, and Infrastructure
The vicinity of Ilot Fortier boasts prestigious schools such as Westcoast International Primary School, and prominent universities like the University of Mauritius. The island's healthcare options are robust, with Clinique Du Nord and City Clinic nearby. Overall, the public infrastructure of Ilot Fortier is well-developed and fitted with all crucial amenities.
Lifestyle in Ilot Fortier
Ilot Fortier’s environment is astonishingly beautiful, with diverse nature, bodies of water, and stunning landscapes. The climate is pleasantly tropical. It provides ample opportunities for recreational water sports and hiking. There are luxury lifestyle shops dotted around the island and picturesque beachfront restaurants serving exquisite island cuisine. For those inclined towards the finer things in life, high-quality hotels like the Hilton Mauritius Resort & Spa can be found here. It also plays host to elite cultural events such as the annual Jazz festival. In the fields of art and culture, galleries and theatres can be found in the neighboring cities. In essence, Ilot Fortier is an island paradise imbibed with a compelling mix of tranquillity, history, and luxurious living.
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