Rooted in rich history and tropical beauty, Tamarin holds an undeniable allure for those who seek an exclusive lifestyle. Located on the west coast of Mauritius, this former fishing village is steeped in historical landmarks such as St Anne's Church, the region's oldest building. Tamarin’s geographic location, embraced by the picturesque Tamarin Bay and magnificent Black River Gorges, offers a captivating blend of culture, nature, and luxury. Framed by miles of sandy beaches and stunning geographical features, Tamarin has evolved into a highly sought-after destination for luxury real estate.
Tamarin's Exclusive Property Market
The exclusive property market in Tamarin is remarkably strong and stable. The demand for luxury homes and apartments is consistently high, matched by an ever-present supply of high-end properties. The political and economic situations in Tamarin are stable, adding to its attractiveness as a real estate investment destination.
When buying a luxury home in Tamarin, expect to pay an average real estate commission of 2-3%. Sellers pay a similar commission rate. Other costs associated with purchasing a property should also be taken into account, such as the 5% transfer tax, notary fees, potential construction inspection costs, and legal fees.
Taxes and Financial Aspects of Owning Property in Tamarin
The wealth tax on privately owned homes in Tamarin is relatively low, contributing to its appeal among high-income buyers. However, be aware that if you sell a privately-owned home, you may be required to pay tax on the profit, particularly if you're selling a second or vacation home.
The corporate tax on profits for registered companies in Tamarin sits at 15%, and the income tax for registered residents varies based on income level, with a maximum of 15%.
Getting a Mortgage and Buying a House in Tamarin
The general mortgage requirements in Tamarin typically involve a minimum 20% down payment with evidence of steady income to cater for the installment payments. As for the lifetime of a mortgage, it can be tailored to your personal circumstances, with terms available up to 30 years.
Experience Luxury in Tamarin
The most exclusive residential areas in Tamarin include the tranquil beachfront and views within reach of the natural reserve. Tamarin is easily accessible by road, around 30 minutes’ drive to Port Louis, the capital city, and one hour away from Sir Seewoosagur Ramgoolam International Airport.
Tamarin boasts well-performing primary and secondary schools, such as Westcoast International Primary School and Paul et Virginie Primary School, and it is a short commute to the University of Mauritius. The municipality offers an invigorating blend of recreational activities, including surfing at Tamarin Bay, golf at Tamarina Golf Club, and high-end shopping at Ruisseau Creole.
Revel in Tamarin's Rich Culture
Experience lavish stays at the Tamarina Boutique Hotel or dine at the high-quality 'Medium Rare Steakhouse'. For entertainment, consider The Irish, a premium pub with a vibrant nightlife. Tamarin is home to annual events such as the International Jazz Festival.
Mauritius Glass Gallery and Patrick Mavros Atelier offer a taste of the local arts and culture scene. The nearby Victoria Hospital and Clinique du Nord offer excellent healthcare services. Tamarin offers a quality lifestyle, supported by a well-developed public utility infrastructure, including regular water supply, electricity, and broadband internet services.
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