The Real Estate Industry in the Philippines has been soaring out since the last half-decade. According to PWC, more adventurous investors are eyeing Asia’s emerging markets, and the Philippines is one of the fastest-growing economies in the area. The country has been experiencing an excellent performance when it comes to prices in real estate.
Property for sale Philippines is getting more and more expensive each year. There are different infrastructure projects on the way, not to mention the “The New Manila Bay – City Of Pearls” project that is expected to be finished in 2035. With left and right real-estate projects on the way, in what spot should investors put their money into? Here are some of the best real estate investment options in the Philippines.
1. Bonifacio Global City or BGC
The first one in the list is the Bonifacio Global City or BGC. The two biggest developers develop it in the country: Evergreen Holdings and Ayala Land. Some reports show how land prices rose by 6.7% in 2016. BCG is expected to house more businesses in 2020 and beyond. This is because most startups are eyeing the city to be the base of their operations. Although Makati is still considered as the business center of the Philippines, “The Fort” shows that it can fight with the big city with its explosive growth.
2. Makati City
Makati City is full of multinational businesses and other establishments. According to a report, it has over 60,000 commercial and retail establishments, making it one of the highly sought-after location. Because its location is near Taguig and Pasay, it can also be considered as having residential potential. The city is also popular with foreign business people and ex-pats who need a residence in the country.
3. Baguio City
Baguio City is a popular tourist destination for foreign tourists and even locals. In recent years, the place also became one of the fastest-growing education hotspots in the country. The city also hosts BPO companies. Because of this, properties are getting higher prices and are expected to continue to the next decade. If you’re late in the trip, you can still make it by starting your real estate property investment today.
4. Quezon City
Another major city in Luzon, Quezon City, is known for being one of the most urbanized cities in the Philippines. There are several ongoing residential and commercial real estate developments in the city right now, with one of the players being acted upon by Double Dragon. Luxurious condominium units are available for people who want to get the best experience possible. Besides, residents can find almost any facilities that they need all around the area.
Bonus: Cebu and Davao City
Cebu and Davao are some of the major cities located outside Luzon. Both have booming IT and BPO sectors (especially in Cebu) and are both established as tourist destinations. These cities are worth considering if you want additional investments in the country.