Goa: A Vacation Place Your Second Home Investments1993300
There are plenty written on Goa being a great place to go to for a holiday online and if you ask someone who has visited the area, will have positive things to say about it. With that said, tourism is booming within the state and growing annually. Businesses in Goa rely heavily on tourism the highest revenue contributor to the revenue with the state.
Over the years, seeing this steady inflow of tourism pouring in every year has prompted many local companies to set-up commercial in addition to residential goa to meet the need for accommodation that is witnessed each year. There has also been a transfer of the preferences of visitors holidaying in Goa looking for accommodation, while earlier many chosen over stay at expensive hotels but now a day's the preference has shifted more on the peace, quiet and of vacation rentals that are mushrooming all over the state.
The kinds of accommodations are fully serviced, built with housekeeping, a completely functional kitchen, chefs on requests and even more. These types of accommodations are noticed around the coastal belts of Calangute, Baga, Anjuna, Vagator, and Candolim, all of which in North Goa.
This trend has made many investors searching for homes to purchase this part of India. Although foreign nationals cannot directly purchase real-estate here, they could do so by establishing a business. Indian nationals residing in India and abroad have taken a keen interest in Goa too.
Historically, prices in Goa's real estate market have never dropped, for property prices in addition to rentals. It has strengthened investor confidence to buy Goa for steady appreciation inside the value of the property that's more or less around 15% per year and also quick rental income, renting out to vacationers over a weekly as well as a monthly basis. Additionally, there are companies that you will see that manage these rentals for you if you do not have time or aren't in Goa. Rental for a year and above can be completely customized with luxurious interiors all borne by the home-owner.