Property for sale in Seychelles

Is the capital city of the Republic of Seychelles and is situated on the north-eastern side of Mahé island, which the main island of the archipelago. The city was first established as the seat of the British colonial government.

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2/ Country: Seychelles

Officially the Republic of Seychelles (French: République des Seychelles; Creole: Repiblik Sesel), is an archipelago nation of 115 islands in the Indian Ocean, some 1,500 kilometres (930 mi) east of mainland Africa, northeast of the island of Madagascar.

3/ Property for sale in Seychelles

The Republic of Seychelles comprises 115 islands occupying a land area of 455 km² and an Exclusive Economic Zone of 1.4 million km² in the western Indian Ocean. It represents an archipelago of legendary beauty.

It may come as a surprise to learn that not many years ago hundreds of property (real estate) owners in Seychelles had their land and houses summarily removed from them by essentially the same government currently in power. Minimal - in most cases, zero - payment was made, leaving the vast majority of those dispossessed still seeking either the return of their properties or some form of compensation.

Those who lost their land were for the most part Seychellois, though many overseas investors suffered, too. The rationale behind the acquisitions was that land ownership should not be in the hands of individuals who could chose to develop and profit by it, as and if they wished, but ought to belong to and be controlled by the government for the benefit of the people.

More often than not, property (real estate) in Seychelles acquired in this way was left idle. Some of it, however, was turned over to state enterprises, including 'farms'. In these early days, there was no question of land being redistributed to 'the people'; but nor was there much indication of it finding its way into the hands of those in power. Its critics may have thought the government misguided and inept but did not yet accuse it of being corrupt.

Incredibly, during the last quarter of the twentieth century, dispossessed investors and property (real estate) ) in Seychelles owners would have fared better almost anywhere on earth - even Uganda - than Seychelles; yet the country now presents itself as a bastion of stability, a place of fiscal probity, proud signatory of an international convention specifically guaranteeing property (real estate) rights.