Yields are moderate at 6.17% in Mauritius
November 24, 2005
|Last Updated: Nov 24, 2005|
|PORT LOUIS||COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|100 sq. m.||85,000||300||4.24%||850||3.00|
|200 sq. m.||160,000||600||4.50%||800||3.00|
|300 sq. m.||250,000||1,200||5.76%||833||4.00|
|500 sq. m.||350,000||1,800||6.17%||700||3.60|
|Source: Global Property Guide|
Property prices are around US$700 to US$850 per sq. m. A 100-square meter (sq. m.) property in Port Louis can be bought for around US$85,000. A 500 sq. m. property would cost around US$350,000.
A 500-sq. m property in Port Louis can produce income from rent of around 6.17% per annum. The general rule here is that the smaller the property, the lower the yields. With a 200-sq. m property, the yield can go down to about 4.5%.