Goa transforming into bustling second home property market
Source: ETNow News ( https://bit.ly/4aogjiY )
High net worth individuals are vying to own premium properties in Goa as a part of their lifestyle upgrade. This has fueled demand for luxury villas, condominiums, serviced apartments, second homes etc in the state.
The coastal state of Goa is one of the biggest tourist attractions. The coastal state and its nearby regions on its North are emerging as a high value second home and property market destination.
As per a report, high net worth individuals are vying to own premium properties in Goa as a part of their lifestyle upgrade. This has fueled demand for luxury villas, condominiums, serviced apartments, second homes etc in the state.
In addition to a status symbol, investing properties in Goa is making acute investment sense. Many are shunning mainstay hotels and now prefer staying in rental villas and second homes.
This is unlocking streams of constant rental income. In fact, as per research, one can make easily 6 to 8 per cent of rental yield. Similarly, property price appreciation is also in the range of 30-45 per cent in the last 12 months
Besides, in the north of Goa across the Maharashtra border, there is increased highlight on Sindhudurg. The region is becoming a thriving second home, ecohotels and nature tourism destination. Property prices in the region have surged by 65 to 70 per cent over the last three years.