Seychelles house hunt: a paradise coral island for $ 2.7 million
“Resales have also been going on for a few years,” Gradner said, some to investors and some for personal gain. Prices start at $ 400,000 for a one-bedroom apartment, $ 550,000 for a two-bedroom and $ 700,000 for a three-bedroom. Homes, known as âhousesâ start at $ 900,000 and villas start at $ 2.95 million. Facilities include a marina, clubhouse with gym, swimming pools, tennis court and four secluded beaches.
Foreigners can also buy upscale developments on MahÃ© such as Royal Palm Residences or Westview, where prices range from $ 5 million to $ 15 million for a villa.
For leasehold properties, like Villa Desroches, the seller owns the lease. Buyers “pay up front to lease the land and property for X years,” Green said. âAt the end of the term, the land and property revert to the government, unless a new lease is negotiated. “
Plots and homes for sale outside the gated complexes are “for the domestic buyer,” Green said. âIt’s more complicated for foreigners. Alternatively, âbuyers create a Seychellois company and buy through it,â he said. “It’s easier. We have people to handle this.”
Who buys in Seychelles
Customers in Russia and the United Arab Emirates find it desirable to buy in the same time zone, Maurel said. Buyers are also from South Africa and Europe, which have time differences of two to three hours.
Americans and Canadians are also among the buyers, Green said, while some Chinese “are starting to pay more attention.” European buyers come from Great Britain, Belgium, Luxembourg, Switzerland, Germany and Scandinavia.