Goa: A Vacation Destination For Your Second Home Investments6641254
You will find tons written on Goa as a great place to visit for a holiday over the internet and if you ask someone who has visited the area, will have positive things to say about it. That being said, tourism is booming inside the state and growing annually. Businesses in Goa rely heavily on tourism the highest revenue cause of the revenue from the state.
Over the years, seeing this steady inflow of tourism pouring in each year has prompted many local companies to set-up commercial as well as residential profile to meet the demand of accommodation that is witnessed annually. There has also been a change in the preferences of tourists holidaying in Goa trying to find accommodation, while earlier many chosen over stay at an accommodation but now a day's the preference has shifted more on the peace, quiet and private of holiday rentals that are mushrooming all over the state.
The types of accommodations are fully serviced, built with housekeeping, a completely functional kitchen, chefs on requests and even more. These types of accommodations are seen 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 foreign nationals cannot directly purchase real-estate here, they could do so by establishing a business. Indian nationals living in India and abroad have also taken an interest in Goa also.
Historically, prices in Goa's real estate market have never dropped, for property prices in addition to rentals. It's strengthened investor confidence to invest in Goa for steady appreciation inside the value of the property that is more or less at around 15% per year and also quick rental income, renting to vacationers on the weekly as well as a monthly basis. Additionally, there are companies that you will see that manage these rentals for you personally if you do not have time or usually are not in Goa. Rental for a year and above may be completely customized with luxurious interiors all borne from the home-owner.
