Goa: A Vacation Place to go for Your Second Home Investments5661913
You will find tons written on Goa like a great place to visit for a holiday over the internet and if you ask someone who has visited the place, will have positive things to say about it. With that said, tourism is booming within the state and growing every year. Businesses in Goa rely heavily on tourism the highest revenue cause of the revenue with the state.
Over the years, seeing this steady inflow of tourism pouring in each year has prompted many local business owners to set-up commercial in addition to residential company to meet the need for accommodation that's witnessed every year. There has also been a change in the preferences of visitors holidaying in Goa searching for accommodation, while earlier many preferred to stay at a hotel but now a day's the preference has shifted more on the peace, quiet and of vacation rentals that are mushrooming throughout the state.
The types of accommodations are fully serviced, designed with housekeeping, a completely functional kitchen, chefs on requests plus much 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 makes many investors shopping for homes to buy this part of India. Although foreign nationals cannot directly purchase real-estate here, they can do so by setting up a business. Indian nationals living in India and abroad also have taken a keen interest in Goa as well.
Historically, prices in Goa's market have never dropped, for property prices along with rentals. This has strengthened investor confidence to purchase Goa for steady appreciation inside the value of the property that is more or less around 15% per year as well as quick rental income, renting out to vacationers on the weekly and a monthly basis. Additionally, there are companies that you will see that manage these rentals for you if you do not have time or usually are not in Goa. Rental for a period of a year and above may be completely customized with luxurious interiors all borne by the home-owner.