Magnus Heystek: Tips, traps on property investment in Mauritius

I love the idea of owning a small place overlooking the ocean – perhaps a mobile home or a little flat. But when would I get to use it? Not often, I suspect, because I wouldn't be able to take enough time off from work. That means the property would incur high overheads for little benefit. There are times when it makes sense to own a bit of paradise, however. As Magnus Heystek, a well-known personal finance commentator in South Africa, explains: acquiring bricks-and-mortar in Mauritius can facilitate residency elsewhere and, if you choose with care, your piece of heaven-on-earth can generate steady returns that are higher than you might expect to earn in South Africa. Heystek spoke to Alec Hogg, on BizNews Radio, about the benefits and risks of investing in property in Mauritius. – Jackie Cameron

South Africans looking to diversify investments geographically have been snapping up property in Mauritius.

As book author and independent money expert Magnus Heystek, founder of Brenthurst Wealth Management, notes: there are fantastic returns to be made, though there are risks, too, in acquiring a beach cottage in this low-tax haven.

"It's a nice-to-have, but not always a great investment," says Heystek, who has bought himself a slice of this island paradise.

___STEADY_PAYWALL___