Goa: A Vacation Place to go for Your Second Home Investments6548718

You will find plenty written on Goa as a great place to visit for a holiday on the internet and if you ask someone who has visited the spot, will have good things to say about it. With that said, tourism is booming in the state and growing each year. Businesses in Goa rely heavily on tourism the highest revenue contributor to the revenue with the state.

Over the years, seeing this steady inflow of tourism pouring in each year has prompted many local businesses to set-up commercial along with residential profile to meet the need for accommodation which is witnessed every year. There has also been a shift in the preferences of holiday makers holidaying in Goa looking for 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 personal of holiday rentals that are mushrooming all around the state.

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

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

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