Goa: A Vacation Destination For Your Second Home Investments7537494

You will find tons written on Goa as a great place to see for a holiday over the internet and if you ask someone who has visited the spot, will have good things to say about it. That being said, tourism is booming in the state and growing each year. Businesses in Goa rely heavily on tourism which is highest revenue reason for the revenue of the state.

Over the years, seeing this steady inflow of tourism pouring in every year has prompted many local businesses to set-up commercial in addition to residential goa company to meet the demand of accommodation that is witnessed every year. There has also been a shift in the preferences of tourists holidaying in Goa trying to find accommodation, while earlier many preferred to stay at a hotel but now a day's the preference has shifted more towards the peace, quiet and private of rentals that are mushrooming all around the state.

The sorts of accommodations are fully serviced, built with housekeeping, a totally 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 looking for homes to buy this part of India. Although foreigners cannot directly purchase property here, they are able to do so by setting up a business. Indian nationals surviving in India and abroad have also taken an interest in Goa as well.

Historically, prices in Goa's real estate market have never dropped, for property prices in addition to rentals. It's strengthened investor confidence to purchase Goa for steady appreciation in the value of the property which is more or less at around 15% per year and in addition quick rental income, renting out to vacationers on a weekly as well as a monthly basis. There's also companies that you will find that manage these rentals to suit your needs if you do not have enough 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.