Millionaire homes have appeared in growing numbers on Indian Ocean islands since Mauritius and the Seychelles opened up their property markets to overseas buyers during the past decade. Now the Maldives is getting in on the act – the archipelago has allowed foreigners to buy homes at resort communities since November 2010, since when dozens of brand new holiday homes have come up for sale.
At Six Senses Laamu Private Residences, 16 holiday homes are on offer at prices starting at USD3 million, and at Sovena Fushi eleven villas priced from USD4 million can be purchased through Cluttons Resorts.
Six Senses hotel spa facilities are available to residents at Laamu Private Residences. They may need them - after arriving at the Maldives capital, Male, residents must fly 40 minutes to a local airport before taking a 15 minute boat ride to reach the resort. Sovena Fushi is a 30minute seaplane flight away from Male.
http://globalpropertynews.blogspot.com
All The World's a Home
I've noticed quite a few people have visited this story in recent weeks. The "coup" which took place in the Maldives earlier this year may put some people off buying a holiday home there - too much uncertainty.
ReplyDeleteNobody wants to risk spending hundreds-of-thousands or even millions of pounds on a holiday home only to have it snatched away again by a completely different regime. It may not get that bad in the Maldives however - the country needs money from tourists and holiday home buyers.
But while we wait to see how things turn out my press trip to the islands has been postponed twice - an indication of how "uncertainty" remains the key word to describe the situation for now.