Is buying a house in Goa a good idea?

Dec 12, 2023 / Poetree Homes

Introduction 

The decision to buy a house in Goa depends on various factors and what might be considered a "good idea" can vary based on individual preferences, goals and circumstances. 

Here are some aspects to consider when contemplating to purchase a house in Goa. These below-mentioned facets act as a strong indicator with respect to purchase of a house in Goa and can be used a pointers to make a decision regarding the purchase of property in Goa. 

  • Lifestyle and Environment: Goa is known for its relaxed lifestyle, beaches, and cultural richness. If you value a laid-back environment and enjoy a tropical climate, purchasing a house in Goa may align with your lifestyle preferences.
    • People living in metropolitan cities of India always prefer to spend their retirement years in a calm and serene place away from the cacophony of  urban life.  Poetree Homes’ projects  are an idealistic option for such property buyers due to the calm and serene lifestyle that  is offered in our projects in Goa.  
  • Tourism and Investment Potential: Goa is a popular tourist destination and this can have an impact on the real estate market. Properties in tourist-friendly areas may offer rental income potential, especially during peak tourist seasons.
    • Properties by Poetree Homes are a safe option for investing one’s hard-earned finances. Property buyers can earn a substantial return on investment through rental income and also through appreciation.  
  • Retirement or Second Home: Many individuals choose Goa as a retirement destination or a second home. If you're considering a property for such purposes, Goa's serene atmosphere is just what  retiree couples prefer to spend their golden years. 
    • We at Poetree Homes design our properties to cater to buyers of all ages.  Right from newly-wed couples who are looking to start a new life in their new dream home to senior citizens  who are looking to  spend the best years of their life in a peaceful manner.  There is something in store for everyone with Poetree Homes. 
  • Market Conditions: The current market conditions in Goa are favourable for investment in real estate. The  property values keep going northwards  and there is continuous demand for residential and commercial  properties.
    • The real estate industry in Goa is projected  as a revenue-generating industry and has made a phenomenal impact on Goa’s economy. Central and state governments have initiated measures to  bring in more transparency into the  functioning of this burgeoning sector in Goa. 
    • In 2022 the residential properties market in Goa compromises of 63% of the total market and this is because there is a beeline to purchase homes in Goa. The most popular being apartments, penthouses, villas and vintage Goan houses. 
    • We at Potree Homes  have forayed into the real estate market of Goa after conducting thorough market research and also after considering the current market trends in the last decade.
  • Infrastructure and Connectivity: Goa boasts of the best infrastructure and connectivity when compared to the rest of India. Residing in Goa means that you are well-connected by all three modes of transport namely: Road, rail and waterways. 
    • Infrastructure in Goa  has developed enormously in the last two decades (2000-2020) with the construction of cable-stayed bridges, sprawling expressways and other mega projects which leads to reduction  in commute times and enhances the overall lifestyle of the residents.  
    • Our projects by Poetree Homes are well-connected through internal roads and also to the state and national highways. 
  • Budget and Financing: When you make a the decision to purchase your dream home it is necessary to evaluate one’s  budget and financing options. Along with the price of the property there are other expenses such as maintenance, property taxes, and utilities that need to be considered. 
    • The most important aspect of purchasing a property is finance and budget.  The purchaser needs to bridge the gap between available savings and total cost of the property. 
    • We at Poetree Homes assist our clients with loan procurement and also provide flexible payment plans to make the purchase process a hassle-free experience. 
  • Long-Term Plans: Consider your long-term plans and whether owning a property in Goa aligns with your future goals. Assess whether it's a short-term investment or a place where you plan to reside for an extended period.
    • Purchasing a property is often regarded as an emotional decision. Indians in general purchase a property with long-term intent of living there for a major portion of their lives.
    • Our projects by Poetree Homes are intended for those clients who want to make Goa their permanent home  and we provide   support and service to our clients right throughout our tenure of the customer. 

Conclusion. It can be also concluded that purchasing a property with Poetree Homes in Goa is the wisest decision that pays rich dividends. One can enjoy a laid-back and relaxed lifestyle by purchasing a  home in Goa and those who purchase for investment purpose can earn  substantial returns in the form of rental income.