Goa’s serene location, quiet life and strong economic environment make it an attractive investment destination for many of the investors who are especially looking to buy a second home. Because of its quiet and peaceful setting, Goa is the perfect spot to follow the work from home policy. With international travel limitations since Covid-19, Goa has emerged as the quickest and most convenient holiday option. On the contrary to 2020 many homebuyers have grown increasingly eager to explore the real estate market in Goa from the year 2021. In Goa, there has been a sharp increase in demand for both rentals and sales of flats.
Here are five reasons why buying a flat in Goa can be your next best decision:
- Maintenance
When you invest in real estate in Goa, your investment does not end there; it continues afterwards in the form of upkeep. Leaving aside all things beautiful, Goa has a humid environment, which needs regular maintenance. If this is not done, the flat will quickly deteriorate. A flat is a more cost-effective choice in the long run, whether you reside in Goa or select this flat as a second home while you live elsewhere. Its tiny size makes it easier to keep track of overtime.
- Goa is a tourist capital
Goa is now known as the social capital of India. It is always bustling with activities, may it be the night or the day. Hence it is the most preferred destination for every tourist among national and international tourists. It receives an influx of tourists every year. It’s the best place to have a perfect weekend getaway and escape from your monotonous routine. Many buyers appreciate the prospect of escaping city life, and some are looking at the commercial advantage of owning an additional property, in the tourist hotspot.
- Location
Goa’s finest feature is its beaches, which are only a short walk away. For many, the long-held goal of living in a coastal state has become a reality. Goa is calm and serene, and it is surrounded by lush greenery, making it an ideal getaway. Flats are typically found in such regions along the beach belt, where all of the activity takes place. Nightclubs, bars, flea markets, restaurants, beaches, malls, multiplexes, groceries and other entertainment venues are just outside your door.
- Return of Investment
Rental prices have skyrocketed as a result of the massive inflow of tourists that visit Goa every year. As previously said, flats are placed in hotspots with high rental potential. Because of the flat’s size, it is easy to keep up with on a regular basis. For a high and rapid return on investment, these two requirements are critical. For its size and location, a flat from reputed builders in Goa may be in considerably more demand than a villa.
- Affordability
Flats in Goa are pocket-friendly and cost-effective for clients in terms of usage and pricing. For a single-family or couple, it is the most cost-effective option. It has plenty of room for your budget. A flat is a preferable alternative for renting or selling because of its affordability.
