Victoria City Guide

Victoria is the capital of Seychelles and one of the world's smallest national capitals, set on the north-east coast of Mahé, the largest island of the Indian Ocean archipelago. As the country's administrative, commercial, and port centre, Greater Victoria anchors the most accessible property market in a nation otherwise known for ultra-luxury resort villas. Listings across Seychelles average around US$1.3 million with a wide range from roughly US$480,000 to over US$25 million, and the marquee development for foreign buyers is Eden Island, a private, artificially created marina community off Mahé that is pre-approved for foreign ownership and reports strong rental demand and yields around 6–8%. The government lifted its foreign-ownership moratorium in January 2025; non-Seychellois must obtain a Government Sanction (typically a 5% fee), pay 5% stamp duty, and face an annual 0.5% property tax on foreign-owned property, but there is no capital gains or inheritance tax. Demand is underpinned by Seychelles' high-end tourism economy and political stability. The risks are the very small and illiquid market, the high entry price point, regulatory friction for foreigners outside designated developments, and exposure to tourism cycles and climate-related sea-level pressures.