The past few years have seen a significant increase in property opportunities in Goa, and with the Indian paradise offering buyers the perfect beach haven to indulge in, it is unsurprising that private buys have become prominent. However, with houses, flats and even land for sale in Goa, there is a huge market for property investment. And if you’re looking to expand your property portfolio, then Goa is the perfect place to do so.
Located on the west coast of India and enjoying the Arabian Sea, recent years have seen Goa lose its beach party tagline, in favour of a more chic and investor friendly one. The area is of course still a beach haven, but with flats and houses for sale in Goa, those looking to extend their property portfolio have been flocking to the region.
For the international property market sector, Goa has become a significant player, with capital growth increasing year on year. The low cost of living combined with a high quality of life makes it an ideal market for buy to let investors, with flats in Goa seeing demand from those wanting to holiday in the paradise location. In addition, inexpensive living costs are reflected in the Goa property for sale, with prices being far more affordable than many may believe.
Legislation brought into effect in 1999 by the Foreign Exchange Management Act (FEMA) means that buying Goa real estate isn’t as simple as finding a property for sale and buying it. To qualify as a property buyer, you must be able to provide evidence of being a ‘resident’ in the country for at least 182 days of the current financial year in which you intend to buy. This means that, whilst a host of property investment opportunities exist, it’s vital to take advice from a specialist solicitor knowledgeable in the Goan property purchasing sector.
This aside, property investment options in Goa remain strong. Whether you’re buying to add to your portfolio or are looking for a holiday home which you can rent out when you’re not utilising it, there is a lot of Goa property for sale. And with many individuals looking for a better way of life whilst enjoying fewer expenses, Goa is set to continue becoming a popular choice for property investment.
