Policy on Land Allocation & Housing

LAND BANK SCHEME POLICY

Applicants should :

 
    • Be a Seychelles Citizen
    • Be aged 18+
    • Not be in ownership of immoveable property or has been assisted by Government through Housing Finance Company Limited such as house or seconding housing loan.
    • Not have been assisted with a residential plot of land with Government
    • Be able to pay for a plot of land.
 2 Payment for land is made in full to the Ministry of Land Use & Housing which can be made - cash outright, Bank loan or Housing Financing Company Limited loan.

 

 3 The general conditions for the sale of residential plots are follows:
 
    • Government reserves the right of first refusal should the applicant decides to sell the property within the first seven (15) years from the date of purchase.
    • If the land remains undeveloped within the 15 years restriction and the applicant decides to sell back the property to the Government, the land shall only be purchased back at the same price it was sold.
    • In relation to point number (2), minimum development in terms of, for example, clearance of the site, illegal and temporary structures will not be considered as having added value to the property. Compensation for such will NOT be considered.

STATE LAND POLICY

1

Land for agricultural/ small scale farming or commercial purposes are leased.

2 Land for landscaping which is considered not suitable for residential purposes are sold if not, it is leased.

HOUSING POLICY

Through benchmarking with International Governmental bodies for the last decade, the Seychelles Government has geared its Housing Policies from being the major supplier, hence subsidising to more of a facilitator given that families are being orientated to be more independent financial-wise.

 

The Government (MLUH) Housing Policies are not stagnant, but fluctuates simultaneously with the current housing/economic conditions. The MLUH directs the Housing Department as to the current Policies to be used. Housing Department shall be involved in reviewing housing policy in line with current philosophy. The current Policy gears to legitimately referring upper income group earners to private/commercial financial institutions.

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