Goa's Real Estate Insights ?

PROPERTY PRICE GROWTH   (₹/SQ FT)
2000       :       ₹1,500/Sq ft
2024        :       ₹8,600/Sq ft
Growth    : 470%,
CAGR      ~9.5%,
Driven by tourism, infrastructure upgrades, and branded developments.

RENTAL YIELDS TREND

Year             Rental Yield (%)           Growth Insights
2000                   2%                           Limited demand, early-stage real estate market.
2005                   3%                           Rise in short-term rental demand due to increased tourism.
2010                    4%                           Growth driven by luxury rentals and Goa’s popularity with NRIs.
2015                    5%                           Demand for premium properties surged with an influx of high-end tourists.
2024                   6%                           Airbnb boom, remote work culture, and increased tourist inflows.

Rental yields have grown from 2% in 2000 to 6% in 2024, showing a 300% increase over two decades. This growth reflects Goa’s transformation into a prime rental and investment destination.

RESALE VALUE GROWTH

Year              Resale Value Growth (%)      Growth Insights

2000                            5%                                 Modest appreciation due to limited investor activity.
2005                            6%                                 Boost from North Goa’s emergence as a premium investment zone.
2010                             7%                                 Infrastructure upgrades and NRI interest drove appreciation.
2015                             8%                                 High demand for waterfront and luxury properties.
2024                            10%                                Branded developments and scarcity of prime land fueled growth.

Resale value growth has doubled from 5% in 2000 to 10% in 2024, reflecting Goa’s evolution into a high-demand real estate market with strong investor confidence.