HomeBusiness and EduWhy Seychelles real estate is popular among South African investors

Why Seychelles real estate is popular among South African investors

Seychelles property is becoming increasingly popular with South Africans who are expanding their lifestyle investments beyond their country’s coastline. In the wake of the new offshore allowance regime, and the essential removal of exchange restrictions on individuals, the option of owning foreign property has become viable for more South Africans than ever before. But why should South Africans invest in property in Seychelles?

This Indian Ocean archipelago makes a good alternative to buying a home in Ballito (Kwa-Zulu Natal north coast) or in Plettenberg Bay (Western Cape). Yes, it’s in a different country, but a flight from Johannesburg to Mahé is less than five hours long. Additionally, with rising petrol costs in South Africa, it’s only marginally more expensive than driving six to eight hours from Johannesburg to the North or South Kwa-Zulu Natal coast.

To be fair, it isn’t Seychelles property in general that has affluent South Africans sitting up and paying attention. Most interest is being channeled directly into the country’s Eden Island residential marina development. This private estate, which on completion will boast over 600 luxury homes, has been constructed on a reclaimed landmass that has been painstakingly turned into a tropical paradise.

Invest in property on an exclusive Seychelles island

Eden Island is predominantly made up of South African home owners; approximately 40% of the sales to date reflect this. However, there are investors from over 30 countries who’ve bought Seychelles property here and even a few local buyers. Seychelles as a whole is catching the eyes of international investors, for being a location that will provide lucrative real estate opportunities through:

  • innovative fiscal incentives
  • a double taxation treaty network
  • banking privacy
  • reputable jurisdiction
  • flexible offshore structures
  • a stable political environment

Many South African lifestyle investors hinge their second home purchases on whether or not they can park a sailing vessel nearby. The Eden Island Marina is capable of harbouring some of the largest super yachts in the world (up to 100m in length). Each home sold on the estate is also accompanied by a private mooring for home owners with a cruising yacht or leisure craft. This mooring is located either at the international marina or one of the waterways near the property.

There are also additional amenities and facilities available on the island, such as:

  • four private beaches
  • a fully-functional clubhouse
  • a gymnasium
  • a tennis court
  • a well-stocked deli
  • a commercial precinct featuring service outlets

Every property sold on Eden Island also boasts modern conveniences including:

  • air conditioning throughout
  • Miele kitchen appliances
  • a washing machine
  • a dryer
  • an oven and hob
  • a dishwasher
  • a refrigerator
  • an Electrically Powered Vehicle (EPV)

Contact Eden Island and arrange a visit to the development. Find out for yourself why South Africans prefer purchasing Seychelles property on this residential marina estate.

Eden Island is a residential marina development in Seychelles, offering luxury freehold title homes for sale, including one- to three-bedroomed apartments, duplexes and villas.

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