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Real Estate Nosybe
real-estate-madagascar
real-estate-madagascar
real-estate-madagascar

Madagascar life First step

Madagascar life First step

Madagascar life First step

Madagascar life First step

Madagascar life First step

Diana and Mahajanga real estate agencies
Many expatriates choose to live in Madagascar thanks to the low cost of the life. Moreover, the facilities to be established has more and more become easier such as on housing, the bank account or the taxation. Before coming to live in Madagascar, you must check the two following points:

  • The Housing –If you envisage to live in Tananarive, know that we witness a big real overvaluation. The prices of hiring and sale do not cease climbing and we cannot have a decent housing with less than 500,000 ar (200 euros). But it is also should be known that the expatriates are always more taxed than the local resident. Thus, if you see a real estate listing which you like, the agent is likely to raise the price under false pretexts when he discovers that you are an expatriate. It is true that a housing with 250 or even 500 euros is very accessible for the expatriates, but it is also necessary to take account of the areas. Certain localities are quite simply not frequented because of the insecurity in Madagascar, especially, if you live alone. It is better to choose a residential city even if it means to pay expensive. These residential cities are the property of private promoters and they have a system of security and optimal guarding. Thus, the city is generally in a closed enclosure and the neighbors are at the same social status.
  • The bank account –Most banks established in Madagascar are subsidiaries of French banks such as BFV-SG which is a subsidiary of the Société Générale or the Crédit Agricole. For the expatriated individuals, these banks propose a currency account which enables you easily to make transactions between your account domiciled in France and that in Madagascar. Among the supporting documents, we will undoubtedly ask for your visa of accommodation or a similar document. The currency account is a good solution for those who want to live in Madagascar for a temporary duration. For example, it is the case of people who have a professional contract for one or two years.

For those who want to live definitively in Madagascar, know that obtaining Malagasy nationality is rather difficult. It is better to resort to a visa of accommodation of long life available near the Ministry of the Interior situated in Anosy. In addition, it is also necessary to envisage means of transport and for a long term, we advise to buy a car. The prices of the occasions models are very accessible and it is necessary to avoid the agencies of hiring which cost an arm and a leg.

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