North Goa's short-term rental market has changed a lot, thanks to the tourism boom and the opening of Manohar International Airport in January 2023. Investors now see big chances, with rental yields hitting up to 8% and average Airbnb earnings at $8,067 each year.
Prime Location Analysis
Candolim is still the top spot for short-term rentals, charging ₹30,000–₹70,000 per night in peak times. Its central spot near beaches, casinos, and nightlife keeps it busy, making it great for those looking for top rental income.
Calangute and Arpora are cheaper options but still bring steady returns. These areas have great infrastructure and are close to Baga Beach, drawing steady tourists.
Morjim and Ashwem attract travellers wanting top-notch experiences. Villas here see 25%-30% yearly price growth, attract high-net-worth buyers.
Maximising Occupancy Strategies
The Mopa Airport effect is huge – searches in nearby areas like Pernem, Mandrem, and Arambol have jumped 20-30%. Smart investors are taking advantage of this demand driven by new infrastructure.
Top-performing properties usually have many bedrooms, private pools, and sunset views. Leading examples include luxury villas with 4-5 bedrooms, infinity pools, and full breakfast services.
Dynamic Pricing Considerations
In peak season, top spots like Assagao and Siolim can charge ₹20,000–₹40,000 nightly, making monthly earnings of ₹4-5 lakh. But the monsoon season needs careful planning for occupancy.
Market data shows 31% average occupancy with $155 daily rates. Professional property management is key to boosting these numbers and managing legal stuff and guest experiences.
Legal and Operational Framework
Investors need to check title clarity and zoning rules. New areas like Reis Magos and Canca offer early-mover perks as infrastructure grows near the new airport.
Long-term rental demand is also rising 10-15% yearly in places like Panaji and Porvorim, giving extra income during slower tourist times.
Success in North Goa's short-term rental market depends on picking the right spots, managing properties well, and using flexible pricing to take advantage of both tourist highs and new infrastructure.