Bargain hunters should head to Goa for low cost, high quality property according to research by overseas property investment specialist, David Stanley Redfern Ltd.
“Despite a recent change in the buying process for foreign nationals, we haven’t noticed a shift in buying tendencies and Goa remains very popular with those looking for a second home or investment property,” said David Redfern, director of David Stanley Redfern Ltd.
“Goa has weathered the test of time as a holiday destination, suggesting that it will continue to exude the same kind of appeal to property buyers for the foreseeable future. Despite the arrival of low cost, short haul flights and increase in flight availability to newer destinations, Goa’s golden sands and picturesque interior continue to seduce holiday makers.
With a one bedroom apartment in the lush green Peace Valley development starting at under £20,000, a second property in Goa is an affordable and attainable asset. At the start of 2006 and the Goan property boom, capital appreciation was around 30% and complemented by strong rental yields.
Property in a purpose built development such as Peace Valley is a perfect way to capitalise on the tourist boom. In 2005, visitor figures grew by 25%, representing a real added value of 35%.
Finished to a high standard throughout, the 23 Villas and 174 Apartments are designed with comfort and security in mind. As well suited to an investment property for rental purposes as for a personal holiday home, Peace Valley is less than an hour from the Goan capital and sits amid a green, pollution free environment at Quepem.
A 20 minute drive from the beaches of Colva and Cavaassim, Peace Valley offers its own leisure options with landscaped gardens, a 9 hole golf course, swimming pools, sports centre, riding stables and plans for an aero club.
To view images of these and other properties in Goa and see location maps with Google Earth, visit www.davidstanleyredfern.com
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