Goa: A Vacation Destination For Your Second Home Investments9117331
You will find plenty written on Goa as a great place to visit for a holiday over the internet and if i hear you ask someone who has visited the place, will have positive things to say about it. Having said that, tourism is booming in the state and growing annually. Businesses in Goa rely heavily on tourism which is highest revenue reason for the revenue of the state.
Over time, seeing this steady inflow of tourism pouring in every year has prompted many local businesses to set-up commercial as well as residential profile to meet the need for accommodation that's witnessed every year. There has also been a change in the preferences of tourists holidaying in Goa trying to find accommodation, while earlier many chosen over stay at an accommodation but now a day's the preference has shifted more on the peace, quiet and personal of vacation rentals that are mushrooming throughout the state.
The kinds of accommodations are fully serviced, designed with housekeeping, a fully functional kitchen, chefs on requests and even more. These types of accommodations are seen around the coastal belts of Calangute, Baga, Anjuna, Vagator, and Candolim, which in North Goa.
This trend makes many investors shopping for homes to purchase this part of India. Although foreigners cannot directly purchase property here, they could do so by generating a business. Indian nationals living in India and abroad have taken a keen interest in Goa as well.
Historically, prices in Goa's market have never dropped, for property prices in addition to rentals. This has strengthened investor confidence to buy Goa for steady appreciation in the value of the property that's more or less around 15% per year and also quick rental income, renting in the market to vacationers on a weekly as well as a monthly basis. There are also companies that you will find that manage these rentals for you if you do not have plenty of time or usually are not in Goa. Rental for a period of a year and above can be completely customized with luxurious interiors all borne by the home-owner.