Siolim
Siolim, a serene riverside village in North Goa, renowned for its Portuguese architecture, natural landscapes, and vibrant local culture.
About the location
Overview
Siolim, nestled between the Chapora River and the lush green hills of North Goa, has a history dating back to Portuguese colonial times, evident in its architectural heritage. Known for its scenic beauty, it serves as a gateway to the northern beaches of Goa, such as Morjim, Ashwem, and Arambol. Siolim's significance lies in its tranquil ambiance, away from the bustling tourist hubs, making it a unique place for holiday homes and peaceful living.
The Lifestyle
Siolim offers a relaxed, laid-back lifestyle reflecting Goan culture, with locals engaging in fishing and farming. The community is warm and welcoming, with a mix of locals and expatriates. Regular feasts, festivals, and the famous Sao Joao (St. John the Baptist's Feast) reflect the rich cultural life of Siolim.
Attributes
Tranquil Ambiance | Rich Cultural Heritage | Scenic Landscapes | Portuguese Architecture | Proximity to Northern Beaches | Growing Real Estate Market
You're sure to adore
Siolim's serene environment, pleasant weather, and rich culture.
The Market
The real estate market in Siolim has seen steady growth, with prices ranging from INR 60 Lakhs to INR 3 Crore for villas and apartments. The demand for holiday homes and rental properties is high, given its scenic location and proximity to popular beaches.
Connectivity
Airport
The nearest airport is Goa International Airport, Dabolim, approximately 45 km away.
Bus
Siolim is well-connected with frequent bus services from Mapusa and Panjim.
Train
The nearest railway station is Thivim Railway Station, about 12 km away.
Road
Siolim is connected to other parts of Goa via NH66 and NH17.
Social Infrastructure
Educational Institutions
Siolim has several reputed institutions like St. Francis Xavier's High School, Little Flower of Jesus High School, and Siolim Primary Health Centre.
Hospitals
Key healthcare institutions include Primary Health Centre Siolim and Vision Multispeciality Hospital.
Crime Rate
Siolim generally has a low crime rate, making it a safe place to live and invest in.
Geography
Soil
The soil is primarily lateritic, suitable for the cultivation of paddy and coconut.
Topography
Siolim is characterized by undulating terrain with lush green landscapes, rivers, and beaches.
Altitude
Siolim is approximately 7 meters above sea level.
Flora & Fauna
Rich in biodiversity, Siolim houses various tropical plants, birds, and marine life.
Climate
Season at a Glance
Siolim has a tropical monsoon climate, with summers from March to June, monsoons from June to September, and pleasant winters from November to February.
Rainfall
Annual rainfall averages around 3000 mm, with the heaviest during monsoon season.
Temperature
The temperature ranges from 20°C to 33°C throughout the year.
Real Estate Trends
Rental Yield
The annual rental yield in Siolim ranges from 3% to 4%.
Capital Appreciation
Property prices have appreciated by around 10% in the last five years.
Average Price per sq.ft
The average property price is around INR 5,000 per sq.ft.
Demand & Supply Dynamics
Siolim, a picturesque village in North Goa, has emerged as a prime real estate destination, blending traditional charm with modern luxury. The demand for properties, especially luxury villas, has surged, driven by both domestic and international buyers seeking second homes or investment opportunities.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
There are approximately 200 Airbnb listings in Siolim, primarily villas and apartments.
Revenue Potential
Airbnb properties can generate an average monthly revenue of INR 50,000 to 75,000 during peak tourist season.
Occupancy Rate
Average occupancy rate for Airbnb properties is around 60% annually, peaking at around 85% during tourist season.
ADR
The average daily rate (ADR) for Airbnb properties is around INR 2,500.
RevPar
The average revenue per available room (RevPAR) is approximately INR 1,500.
Investment Guide
1. Look for properties with river views or in close proximity to the beaches for higher rental yields.
2. Consider heritage properties for their unique appeal and potential as boutique homestays.
3. The demand for holiday homes is on the rise, making it a good time to invest.
Places to Visit