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Residential property price trends over time
Yearly average index and growth rates
| Year | Annual Average | YoY Change | Commentary |
|---|---|---|---|
| 2019 | 100.0 | +3.4% ▲ | Base period. Index set at 100. |
| 2020 | 111.8 | +11.8% ▲ | Market resilient despite COVID; apartment data gaps imputed per IMF guidance. |
| 2021 | 110.9 | -0.8% ▼ | Marginal dip; recovery uneven across quarters. |
| 2022 | 132.3 | +19.3% ▲ | Strong rebound; foreign buyer activity accelerates. |
| 2023 | 170.3 | +28.7% ▲ | Sharpest annual growth on record; demand far outpaces supply. |
| 2024 | 205.7 | +20.8% ▲ | Growth moderates but remains well above long-run trend. |
| 2025 | 239.7 | +16.5% ▲ | Peaked at 247.8 in Q2, then eased; market finding equilibrium. |
| 2026 | 240.9 | +0.5% ▲ | Q1 2026 only. Prices up 1.0% year-on-year vs Q1 2025. |
The Residential Property Price Index (RPPI) tracks how much home prices have changed in Mauritius over time. Think of it like a thermometer for the property market, when it goes up, homes are getting more expensive; when it goes down, they are getting cheaper. The index is compiled by Statistics Mauritius using real transaction data from the Registrar General Department.
The baseline: In 2019, the index was set at 100 as a starting point. The latest reading is 240.9, which means average residential property prices are now about 140.9% higher than in 2019.
What this means in real terms: If you bought a house for Rs 10,000,000 in Q1 2019, that same property would theoretically be worth around Rs 24,090,000 today, assuming it has followed the overall market trend.
The journey since 2019: The path from 2019 to today has not been a straight line. Prices dipped slightly around 2021, then rose sharply from 2022 onwards as demand picked up and supply struggled to keep pace. The strongest annual jump came in 2023, when the average RPPI rose almost 30% in a single year. Growth remained high in 2024 and 2025, although it started to cool as prices reached historically elevated levels. The index peaked at 247.8 in the second quarter of 2025, eased back through the third quarter, then recovered gradually into Q4 2025 and Q1 2026.
Data Source: Statistics Mauritius | Last Updated: Q1 2026 | Note: The RPPI measures average price changes across all residential properties and may not reflect individual property performance.
