‘Prices of premium residential properties in North Goa down 4-6%’
Prices of premium housing properties in North Goa declined 4-6 per cent annually in January-June after a sharp rise in rates over the last few years, according to Savills India. Real estate consultant Savills India pointed out that North Goa’s residential market witnessed a modest correction in capital values during the first half of 2026, with prices softening by 4-6 per cent YoY (year-on-year) across micromarkets.
“The moderation reflects a gradual market recalibration following the sharp appreciation witnessed over the past few years, when strong demand from second-home buyers, HNIs, and investors had driven capital values to elevated levels,” it said.
On the reason behind the price correction, the consultant mentioned that there is a huge unsold stock of plots in the 250-350 square metre category, forcing many developers to adopt more flexible pricing strategies to accelerate sales. “Residential demand continued expanding beyond established coastal hubs into emerging locations such as Moira and Nerul, driven by buyers seeking lower-density living, larger plots at relatively affordable prices,” Savills said.
