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Residential property price trends over time
Yearly average index and growth rates
| Year | Annual Average | YoY Change | Commentary |
|---|---|---|---|
| 2019 | 100.00 | +3.43% ▲ | The base year showed moderate overall expansion but ended with a slight quarterly decline near the 100 mark. |
| 2020 | 111.80 | +11.80% ▲ | Post-COVID initial shock (Q1/Q2), the market demonstrated a sharp and powerful rebound in the second half. |
| 2021 | 110.88 | -0.82% ▼ | Extreme quarterly volatility saw major declines and spikes, resulting in negligible net annual price change. |
| 2022 | 132.35 | +19.36% ▲ | A year of dramatic overall acceleration driven by significant growth bursts in Q2 and Q4, reflecting strong expansion. |
| 2023 | 170.33 | +28.70% ▲ | Sustained steep price escalation across all quarters, recording the highest annual growth rate in the series. |
| 2024 | 205.68 | +20.75% ▲ | Exceptional double-digit growth maintained quarterly momentum, consistently pushing the index above 200. |
| 2025 | 239.65 | +16.52% ▲ | Prices peaked in Q2 at 247.8 before easing in Q3 to 234.5, then recovered modestly to 237.7 in Q4 amid a sustained shift in transaction mix toward standard properties. |
The Residential Property Price Index (RPPI) tracks how much house prices have changed in Mauritius over time. Think of it like a thermometer for the property market - when it goes up, houses are getting more expensive; when it goes down, they're getting cheaper.
The baseline: In 2019, we set the index at 100. This is our starting point. If the index is now at 237.7, it means property prices have increased by 137.7% since 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 23,770,000 today (assuming it follows the market average).
The journey: After the 2008 financial crisis, Mauritius property prices declined through the mid-2010s. They stabilized around 2019 (our base year), then COVID-19 surprisingly boosted the market as remote work made Mauritius attractive to foreign buyers. From 2021 to 2023, we saw exceptional growth (+20-28% annually) driven by high demand, limited supply, and strong foreign investment. Growth has moderated since 2024 as prices reached historically high levels.
Data Source: Statistics Mauritius | Last Updated: Q4 2025 | Note: The RPPI measures average price changes across all residential properties and may not reflect individual property performance.
