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The Philippines has been continuously enjoying record growth across a variety of industries, including the real estate sector. The nation has one of the fastest-growing economies in Asia and has seen a steady rise in investment from domestic and international players.
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Despite the disparity between demand and supply, there are a lot of opportunities for potential buyers, from new developments to low-interest rates on housing loans. Aspiring homeowners can take their pick from a variety of properties and offer types, from a house for rent to an apartment for sale.
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The National Capital Region, more commonly known as Metro Manila, is not only the capital of the Philippines but also its center of trade and commerce. With a population of around twelve million, it comes as no surprise that many real estate developments are centered here, especially in the employment areas of the Makati Central Business District, Bonifacio Global City, Eastwood City, and Ortigas Center.
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There are a total of 33 highly urbanized areas in the Philippines, and 17 of them are outside Metro Manila: Baguio City, Cebu City, Davao City, Zamboanga City, General Santos City, Lapu-Lapu City, Cagayan de Oro City, Bacolod City, Mandaue City, Olongapo City, Lucena City, Puerto Princesa, Iloilo City, Tacloban City, Iligan City, Tarlac City, and Angeles City.
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The Philippines Is Perfect for Buyers
The Philippines has been continuously enjoying record growth across a variety of industries, including the real estate sector. The nation has one of the fastest-growing economies in Asia and has seen a steady rise in investment from domestic and international players. Much of this investment has been focused on the development of infrastructure, which has also had a positive impact on real estate.
Whether as an end-user or as an investor, now is the time to buy properties in the Philippines because of the stable economic climate. In spite of politics, which has never been the country’s strongest suit, the past couple of years have seen much emphasis on transparency, and support for local and foreign investments has been unwavering. The real estate business, in particular, has also been consistent since 2011, with top developers successfully launching projects from mass housing to luxury properties.
Despite the disparity between demand and supply, there are a lot of opportunities for potential buyers, from new developments to low-interest rates on housing loans. Aspiring homeowners can take their pick from a variety of properties and offer types, from a house for rent to an apartment for sale. Internationally inspired in terms of design and standards, property types, especially condominiums and apartments, are reaching a new level of quality and value for money. All these create a lucrative environment for property investments that are expected to only appreciate in the next coming years.
Apartments for Sale in the Capital Region
The National Capital Region, more commonly known as Metro Manila, is not only the capital of the Philippines but also its center of trade and commerce. With a population of around twelve million, it comes as no surprise that many real estate developments are centered here, especially in the employment areas of the Makati Central Business District, Bonifacio Global City, Eastwood City, and Ortigas Center. The average price of an apartment for sale in the most popular areas based on data from Lamudi price trends are as follows:
Naturally, the more popular the neighborhood, the higher the price. However, prices are still highly dependent on the total size of the apartment for sale, as well as the facilities and amenities available to the residents. The same variation in price can be seen when it comes to flats for rent.
Other Important Locations in the Philippines
With the continuous progress in the country, as well as the growth in population, urban centers are expanding beyond the capital. There are a total of 33 highly urbanized areas in the Philippines, and 17 of them are outside Metro Manila: Baguio City, Cebu City, Davao City, Zamboanga City, General Santos City, Lapu-Lapu City, Cagayan de Oro City, Bacolod City, Mandaue City, Olongapo City, Lucena City, Puerto Princesa, Iloilo City, Tacloban City, Iligan City, Tarlac City, and Angeles City.
Modern infrastructure, better roads, improved urban planning, and an increase in commercial and retail facilities are paving the way for investors to refocus their sights outside the capital. Both the government and private developers are also helping areas outside Metro Manila become more livable environments by building and providing more residential options. For example, in Cavite, the most popular cities are Tagaytay, Imus, and Bacoor where apartments range from PHP 1,900,000 all the way up to PHP 70,000,000 In Visayan cities, such as Cebu and Mandaue, the price range for apartment starts at approximately PHP 2,700,000 and goes up to PHP 160,000,000.
There will always be many options when it comes to an apartment for sale in the Philippines. Whether one chooses to buy a unit in the capital or in other progressive and developing cities, the opportunities for finding your new home are endless. You won’t ever experience a shortage of choices when it comes to an apartment for sale, especially in the years to come.
