Goa: A Vacation Place to go for Your Second Home Investments5455614

You will find plenty written on Goa as a great place to go to for a holiday online and if you may well ask someone who has visited the area, will have positive things 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 the highest revenue contributor to the revenue with the state.

Through the years, seeing this steady inflow of tourism pouring in each year has prompted many local business owners to set-up commercial in addition to residential goa to meet the demand of accommodation that is witnessed each year. There has also been a shift in the preferences of holiday makers holidaying in Goa searching for accommodation, while earlier many preferred to stay at an accommodation but now a day's the preference has shifted more towards the peace, quiet and personal of rentals that are mushrooming all around the state.

The types of accommodations are fully serviced, equipped with housekeeping, a totally 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 which in North Goa.

This trend has created many investors shopping for homes to purchase this section of India. Although foreigners cannot directly purchase property here, they are able to do so by setting up a business. Indian nationals residing in India and abroad have also taken a keen 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 buy Goa for steady appreciation within the value of the property that's more or less at around 15% per year and in addition quick rental income, renting to vacationers on a weekly in addition to a monthly basis. There's also companies that you will see that manage these rentals for you if you do not have time or are not in Goa. Rental for a year and above can be completely customized with luxurious interiors all borne from the home-owner.