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High rental yield makes Goa the most preferred destination for a Second home: Savills India

Nov 14, 2022
| By: Birmingham all news network
| Source Link: Click Here

According to international real estate consultant Savills, Goa has become a favourite location for people looking to purchase a second home because of its high rental yields. The report also adds that this rental yield ranges from 4 to 10 per cent. Goa is known for its pristine beaches, party vibe, nightlife, local markets and food.

Aditya Kushwaha, CEO and Director of Axis Ecorp, says, "Goa's real estate market has been on a fast track in the post-pandemic phase. The state's rich culture, beaches, architecture and natural beauty make it a top choice for buyers looking for a second home. Holiday homes and villas have been one of the major drivers for this growth momentum. The recent work-from-anywhere scenario has further increased the popularity of Goa as a realty destination. A fresh spike in real estate prices is expected shortly as the Goa International airport is nearing completion."

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