The Covid-19 crisis has undoubtedly altered the way we live our lives. Home has now gained more importance. For many people, home has become a hub from which we work, learn, socialize, exercise and relax. The pandemic has vastly brought about a shift in the short-term and long-term investment perspective of buyers. The buyers now have more time on their hands to reflect on the way they live and use their space before making their investment decisions.

The picturesque state is one of the most preferred holiday home investment destinations in India. The favourite holiday home destination, Goa, is still witnessing a boom in the second home market since the onset of the pandemic. There sure is a high demand for both sales and rentals for mid-to-upper range apartments, villas, and exclusive homes in the coastal state.

The clear blue waters, blissful sandy white beaches, beautiful sunsets, the tranquil weather, lush green fields, the music and dance culture, rich culinary heritage and Portuguese-influenced architecture, flavoursome food, pumping night-life, exciting flea markets, amusing water-sports, and carnivals not only make this a favourite destination for both domestic and international investors and travellers but all of this has also created a high demand for holiday homes in Goa.

With the 'Work From Home' culture gaining traction, those who worked from Goa and continue to do so are now convinced that living and working out of here is practical and economical. The distant dream of living in the emerald land on the west coast of India has become a tangible reality for many.

Earlier, the major factors governing decisions of buyers to invest in a holiday home were capital appreciation or rental income. However, the Covid-19 outbreak has made people realize the need for a home that’s safe and located away from urban hotspots.

To live in a serene space within the lap of nature that offers more personal value, the quest for privacy and the desire to distance away from a polluted and hectic city life are the new key factors contributing to the demand for luxury holiday homes. And Goa hits a mark for it all.

Over the past few years, people have become increasingly aware of the need to maintain a healthy work-life balance. To own a luxury holiday home in Goa is also an escalating trend for buyers who look at it as a luxury-living space.

Here are a few other significant factors that have made investment in a second holiday homes in Goa a remarkable trend:

1. Safety and spacious homes

For the homebuyers, second homes in Goa are no longer an investment decision for rental income and capital appreciation. From a safety perspective, the strategic location of second holiday homes and the amenities that they come with plays a crucial role amidst the buyers. Spacious homes allow individuals to rejuvenate and unwind in tranquillity at their own property with ease.

2. Great global exposure

Indians are now travelling abroad like never before and have good exposure to lifestyles in countries like the US, UK, Australia, UAE, and in the European continent. They look for a replication of such lifestyles in India and want holiday homes that fulfil their dreams of luxurious living. Holiday homes in Goa, for instance, have seen much prominence and appreciation and are now considered a lifestyle statement and a reflection of one’s social status.

3. Themed holiday homes

Themed holiday homes are now trending in India, and Goa is a preferred destination with English, French, Portuguese or Balinese homes. Architecture and high standards of aesthetics is what these exclusive homes are appreciated for. Homes that provide a sophisticated living experience is what people are essentially looking for nowadays. Buyers are no longer hesitant to experiment with this upscale life.

4. Drop in interest rates

Home loan interest rates are at its lowest in decades and this has prompted customers to invest in holiday homes. Home loans at pocket-friendly interest rates promote savings while creating an asset for end-use or investment purposes. This provides borrowers with an option to increase the loan amount, helping broaden their choice for a more luxurious property that is inclusive of state-of-the-art amenities and lifestyle facilities.