Home Property in Seychelles
How to buy a house in Seychelles?
Here you will find the detailed information about real estate purchasing in Seychelles:
- the right way to choose the property and to effect the deal;
- property taxes and duties that should be paid;
- everything about home loans in Seychelles;
- home property management and renting;
- rental, commercial properties and related investment properties.
Real estate for sale
Most recent offers from house owners in Seychelles and from real estate agencies. Advertisements with the fixed price and auctions are listed here.
You can leave a comment and give advice to other visitors planning to buy a home in Seychelles.
There is neither annual real estate tax nor capital gains tax in Seychelles.
Housing prices in different regions
Mahé is one of the largest islands in the country and contains the capital city of Victoria. This island is popular for its convenient transportation system, including the international airport.
A house in need of repair, located far from the coastline, is worth €90 000. A 350 sq. m. furnished villa with a land parcel of 1 thousand sq. m. and a small guest house costs around €260 000.
Another major island of the archipelago is La Digue. A local 250 sq. m. villa with several bedrooms and bathrooms, an open terrace and mooring goes for €469 000.
Not to worry, property prices in Seychelles vary significantly. For example, a new villa in a private complex of ten buildings is worth 2.6 thousand Euros per sq. m., while a land lot with an area of 5 ha costs 3.2 million Euros.
Due to the absence of new construction projects, Seychelles mostly offer secondary housing. According to experts, the best local investment options are villas, located on the premises of hotels, for further renting.
Real estate acquisition procedure
Both private individuals and legal entities are authorized to purchase real estate in Seychelles. When it comes to other countries, new owners prefer to register property in their name. But in Seychelles legal entities have certain precedence, which is based on several factors:
-private individuals must pay a tax of 30–40 % of transaction amount, while legal entities are taxed by 4 % of the first 9000 of value and 10 % of the remaining amount;
- non-residents, who purchased real property in Seychelles, are not entitled to rent it out;
- as the case may be, buyer has to make a deposit of 176–353 thousand dollars in the Central Bank of Seychelles, as a guarantee.
These are then converted to rupees, though at a very unfavorable exchange rate.
Legal entity registration in Seychelles is not much of a problem and costs $500. Company operation may well be nominal. Document management requires an annual payment of $400.
Real property is always initially offered for sale in Seychelles, so local residents have the opportunity to purchase it before foreigners.