Goa – Good future prospects

Property in India, in particular Goa, is set to be one of the latest world property hot-spots. Goa’s tourism industry has exploded in recent years with over 2.5 million people now visiting a year. This tourism boom, combined with a wonderful climate, excellent infrastructure and a strong rental market is helping the property market in Goa become recognised by international property developers. Many believe that property bought now will make a return well into the double figures over the next 5 years, with some even believing they will double their money.

Indian property is generally fairly low priced – you can snap up a beachfront property for as little as $10,000. With prices this low and a healthy rental market, it is no wonder that Goa has caught the eye of so many investors.

However, there are certain things that must be considered before you take the leap. Consider buying a property with a five-year leaseback – this is a scheme where the property is leased back to the developer ot management company and they handle the rental of the property instead. It is also worth investigating whether you can setup an Indian Limited Company to hold your property as this may prove more beneficial financially than holding the property in your own name.

Goa is the hottest area in India to buy right now with many new developments springing up. As with any property, it is worth investing either along the beachfront or in the tourist areas as these will have the best rental market around meaning your property will hopefully be rented out all-year. Be prepared to spend from $10,00 upwards on your property for a one bedroom apartment in a gated complex.

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