Goa: A Vacation Place to go for Your Second Home Investments1375752

You will find tons written on Goa being a great place to visit for a holiday on the internet and if you ask someone who has visited the area, will have good stuff to say about it. Having said that, tourism is booming in the state and growing every year. Businesses in Goa rely heavily on tourism which is highest revenue contributor to the revenue from the state.

Over time, seeing this steady inflow of tourism pouring in every year has prompted many local companies to set-up commercial along with residential goa to meet the demand of accommodation that's witnessed each year. There has also been a shift in the preferences of tourists holidaying in Goa looking for accommodation, while earlier many preferred to stay at expensive hotels but now a day's the preference has shifted more towards the peace, quiet and of vacation rentals that are mushrooming all over the state.

The kinds of accommodations are fully serviced, equipped with housekeeping, a totally functional kitchen, chefs on requests and even more. These types of accommodations have emerged around the coastal belts of Calangute, Baga, Anjuna, Vagator, and Candolim, which in North Goa.

This trend has created many investors looking for homes to buy this part of India. Although foreign nationals cannot directly purchase real estate here, they can do so by establishing a business. Indian nationals living in India and abroad also have taken an enthusiastic interest in Goa too.

Historically, prices in Goa's real estate market have never dropped, for property prices as well as rentals. It's strengthened investor confidence to invest in Goa for steady appreciation within the value of the property which is more or less about 15% per year as well as quick rental income, renting to vacationers on the weekly as well as a monthly basis. There are also companies that you will find that manage these rentals to suit your needs 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 from the home-owner.