Goa: A Vacation Destination For Your Second Home Investments9979709

You will find plenty written on Goa being a great place to go to for a holiday on the internet and if you ask someone who has visited the place, will have good stuff to say about it. Having said that, tourism is booming within the state and growing each year. Businesses in Goa rely heavily on tourism which is the highest revenue contributor to the revenue from 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 company to meet the demand of accommodation which is witnessed every year. There has also been a change in the preferences of visitors 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 on 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 completely functional kitchen, chefs on requests and 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 searching for homes to invest in this a part of India. Although foreign nationals cannot directly purchase property here, they can do so by generating a business. Indian nationals living 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 as well as rentals. It has strengthened investor confidence to purchase 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 to vacationers over a weekly and a monthly basis. Additionally, there are companies that you will notice that manage these rentals to suit your needs if you do not have enough 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 from the home-owner.