In answer to your questions :-
>-I would like to know if it
>is possible for a foreigner to
>buy real estate on Mauritius?
I believe that foreigners can now buy property in Mauritius as long as
i the price is greater than USD 500k
ii it is a detached property with its own swimming pool
>-If it is possible, then what is
>the price if you buy a
>bungalow/villa (3-5 bedroom) near the beach
>in the most wanted areas. (all
>the facilities must be nearby)
A property on the beach or with good sea view in a sought after location will see prices of anything between MUR 18M to MUR 45M
>-What are the prices for a piece
>of land in, for instance 1000-1500
>m2.
This depends on the location of the land but prices range from MUR 4,500 to MUR 20,000 per toise.
>-Is it cheaper to build?
Yes I believe so having done it myself
What would
>it cost me to build a
>5 bedroom-villa/bungalow through a contractor?
This depends on the finishings and quality of workmanship
>-And what about license to build? Is
>this also necesarry?
Yes - your architect/structural engineer will be able to apply for this
Let me know if you require any additional info
Regards
Justin