Goa: A Vacation Place to go for Your Second Home Investments8793769

There are plenty written on Goa like a great place to go to for a holiday on the internet and if you ask someone who has visited the area, will have good things to say about it. With that said, 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 of the state.

Over time, seeing this steady inflow of tourism pouring in every year has prompted many local companies to set-up commercial along with residential company to meet the demand of accommodation which is witnessed each year. There has also been a shift in the preferences of visitors holidaying in Goa searching for accommodation, while earlier many preferred to stay at a hotel but now a day's the preference has shifted more for the peace, quiet and private of holiday rentals that are mushrooming throughout the state.

The types of accommodations are fully serviced, designed with housekeeping, a fully 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 made many investors shopping for homes to buy this part of India. Although foreigners cannot directly purchase real estate here, they are able to 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's strengthened investor confidence to invest in Goa for steady appreciation in the value of the property which is more or less around 15% per year as well as quick rental income, renting to vacationers on a weekly in addition to a monthly basis. There are also companies that you will see that manage these rentals for you personally if you do not have plenty of time or usually are not in Goa. Rental for a period of a year and above could be completely customized with luxurious interiors all borne from the home-owner.