Goa: A Vacation Place Your Second Home Investments1669376

There are plenty written on Goa like a great place to visit for a holiday online and if i hear you ask someone who has visited the place, will have good things to say about it. That being said, tourism is booming within the state and growing annually. Businesses in Goa rely heavily on tourism which is the highest revenue cause of 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 along with residential company to meet the need for 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 chosen over stay at expensive hotels but now a day's the preference has shifted more towards the peace, quiet and of holiday rentals that are mushrooming throughout the state.

The kinds of accommodations are fully serviced, built with housekeeping, a completely functional kitchen, chefs on requests plus much more. These types of accommodations have emerged around the coastal belts of Calangute, Baga, Anjuna, Vagator, and Candolim, all of these in North Goa.

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

Historically, prices in Goa's housing market have never dropped, for property prices as well as rentals. This has strengthened investor confidence to buy Goa for steady appreciation in the value of the property which is more or less about 15% per year as well as quick rental income, renting in the market to vacationers on a weekly as well as a monthly basis. There's also companies that you will see that manage these rentals for you if you do not have plenty of time or are not in Goa. Rental for a year and above could be completely customized with luxurious interiors all borne through the home-owner.