Nestled in the Indian Ocean, Riviere Du Rempart breathes life into the history of Mauritius with its rich cultural heritage. Home to an array of historical sights including the Goodlands Village and Saint Antoine Church, this district embodies a unique blend of past and present. Surrounded by the azure Indian Ocean to the North and the peaks of the Moka Range to the South, it is an ideal destination for those in search of luxury and serenity. Riviere Du Rempart, known for its importance since the colonial era, boasts a rich tapestry of French colonial architecture, sugarcane plantations, and vibrant life.
The Luxury Housing Market in Riviere Du Rempart
The luxury housing market in Riviere Du Rempart is currently robust and strong, with a consistent supply that meets the ever-increasing demand for luxury homes and apartments. The political and economic situation in the region is stable, fostering an environment conducive for prospective buyers. Buyers and sellers should anticipate an average real estate commission of around 5% in the Riviere Du Rempart area. However, it's crucial to also consider additional costs such as transfer tax, notary fees, and potential inspection or legal costs.
Property Taxes and Costs
The transfer tax on private property in Riviere Du Rempart is around 5%, and the wealth tax on the private ownership of a house negotiates around 1.5%. Homeowners in Riviere Du Rempart are exempt from paying tax on the profit made from selling their main residence, but a tax is levied on profits made from selling a second/vacation home. For registered companies in Riviere Du Rempart, the corporate tax on profits is 15%, while the income tax for registered residents is between 10 to 15%.
Mortgage Requirements and Options
In terms of mortgage requirements, buyers should prepare for a balance between their own and foreign capital, with income requirements varying by lender. The maximum mortgage one can get on the purchase price in Riviere Du Rempart is typically up to 80%.
Prime Residential Areas and Accessibility
The most expensive and sought after residential areas include the Belle Vue Maurel, Roche Terre, and Cap Malheureux, renowned for their luxury homes. Riviere Du Rempart is well connected by road and rail, and lies around 35 kilometers from the bustling city of Port Louis. Sir Seewoosagur Ramgoolam International Airport, approximately 70 kms away, provides smooth international accessibility.
Education and Healthcare
Riviere Du Rempart is in the vicinity of renowned education institutions like Northfields International High School and Maheswarnath Shivamandir School. Excellent hospitals and clinics, like Wellkin Hospital and Nobel Care Clinic, provide top-quality healthcare services.
Lifestyle and Amenities
Riviere Du Rempart offers an exhilarating array of sports and outdoor activities, including boating, golfing, and diving. Indulge in luxury shopping at the Grand Baie La Croisette, or savor fine dining at restaurants like Restaurant Puchon. The district offers a wealth of cultural experiences in its museums, galleries, and annual events like the Maha Shivratree. The public infrastructure is well-developed, ensuring accessibility to all amenities. Luxury hotels like Dinarobin Beachcomber provide opulent accommodation, and vibrant nightlife can be enjoyed at clubs like OMG NightClub.
In conclusion, Riviere Du Rempart combines luxury living with rich heritage, providing the perfect synergy of sophistication, culture, and leisure in Mauritius's tranquility.