Real estate development in Kenya, and to that point anywhere in the world, typically involves various types of land that can be used for different purposes.
When it comes to land that is used for the development of family oriented homes, the end product can range from single homes to apartment complexes with retail spaces on the ground floor. There is no end to the variety of residential properties that are designed and built in this day and age.
Commercial buildings like shopping centers, malls, and standalone stores require specific planning permission to fulfill the desired outcome. Office buildings, which range from the small single unit to entire buildings have similar requirements to meet as regards local authorities and building controls.
Warehouses, distribution centers, industrial plants, factories, heavy manufacturing facilities, ranching, or forestry purposes, parks, sports complexes, golf courses, and other recreational developments all come under the commercial development category.
Each type of land comes with its own zoning, environmental considerations, and development potential, which developers need to account for when planning projects.
Why Buy or Invest in New Real Estate Developments in Seychelles.
Seychelles is one of the top tourist destinations in the Indian Ocean, attracting visitors for its beautiful beaches, clear waters, and unique natural beauty. This consistent tourism influx ensures a steady demand for vacation homes, rental properties, and hospitality-related developments.
Seychelles offers a relatively low-tax environment for property investors. There is no capital gains tax, and the real estate market is relatively deregulated, which benefits foreign investors.
New and off-plan real estate projects often cater to the high-net-worth individual (HNWI) market, featuring luxurious amenities like private beaches, high-end resorts, golf courses, and spas. These properties tend to appreciate well over time due to their exclusivity and high demand.
The Seychelles government allows foreign ownership of real estate, with certain regulations in place for larger developments (for instance, properties above a certain price point require government approval). However, foreign investors are typically welcomed, especially in the luxury market.
The islands offer an exceptional quality of life, with tropical climates, stunning landscapes, and a peaceful lifestyle. Many investors purchase property for personal use, either as a second home or as a retirement destination.
Seychelles’ location between Africa, Asia, and the Middle East makes it an ideal destination for both tourism and business activities. This strategic positioning increases its attractiveness as a destination for foreign investment and international visitors.
Investing in new real estate developments in Seychelles offers a compelling mix of benefits, from high returns on investment, strong demand driven by tourism, and the country's attractive legal framework for foreign investors.
