Real estate is one of the best investments to make. The value of real properties rises fast, allowing investors to profit from their spending earlier than they would have if they invested in stocks. If you want to try investing in real estate, the Philippines is a good place to start.
The archipelago has many bustling cities and tourist destinations where residential and commercial properties are in demand. But these cities offer the most attractive opportunities for real estate investing:
1. Tagaytay City
Less than two hours away from Manila, Tagaytay City is the go-to destination for spontaneous trips. Locals never get tired of the sweeping views of Taal Lake as they enjoy a cup of coffee or meals in one of the city’s cafes and restaurants.
Even the pandemic hasn’t stopped people from coming to Tagaytay. The unrelenting tourists have caught the attention of Singaporean news outlet Channel News Asia, publishing a clipping with the headline “Good-bye Boracay, Hello Tagaytay.”
For those reasons, buying a vacation house in Tagaytay can yield great profits within a short period. Pick a location that offers a full view of Taal Lake. There are countless properties in the area, so you should find the right one in no time.
You can also buy a condo unit in the city proper, but using it as Airbnb instead of a primary residential property may be wiser. Offices are far from Tagaytay, and the traffic can dissuade many people from choosing Tagaytay as a primary residence.
2. Batangas City
With influential figures like Andi Eigenmann and Nadine Lustre embracing the seaside life, more Filipinos are becoming tempted to live by the beach. Batangas City can be a good place for them to start. It’s only a few hours away from Manila and offers white-sand destinations.
In addition, Batangas is a rated first-class province. It presents attractive investment opportunities, especially those related to tourism. You can buy land and build a private resort to rival The Farm in San Benito.
3. Baguio City
The City of Pines isn’t the Philippines ‘ summer capital for nothing. Baguio’s cool weather never fails to attract tourists from Manila and other cities and provinces. But Baguio isn’t only relevant during summer. The city thrives all year round, making its real properties a profitable investment.
Besides the Summer Capital of the Philippines, Baguio is also dubbed as the Education Center of the North. Hence, many families consider Baguio an ideal place to live for the long term. Moreover, Baguio is named one of the safest cities in Southeast Asia, allowing individuals and families to have a sustainable and enjoyable lifestyle. You can buy a rental property in Baguio and expect a steady stream of tenants. You can also invest in a condo or detached house; Baguio’s characteristics make any property in the city appreciate fast.
4. Pasig City
Pasig City is part of Metro Manila, where the traffic can be grueling and the pollution dreadful. But if you invest in a high-end condo unit near a business center such as Ortigas, you will not regret it.
Expats and digital nomads would love to live in Pasig. The city offers affordable shopping and entertainment places. Estancia is just a few minutes away via private transport or taxi if they want to enjoy a luxurious solo or date night. Moreover, they can visit Makati or Quezon City through the Metro Rail Transit (MRT).
Condos in Pasig make a good investment property because they can be less expensive than a house. What’s more, condo-owners can worry less about maintenance and security. The building’s administration handles those for them. Because of that, many public figures and affluent individuals prefer condos. You can target them as prospective buyers.
5. Bacolod City
Bacolod City was dubbed the Philippines’ best place to live in 2017. No wonder because the city boasts the amenities of a metropolitan location, but better. The environment is cleaner, the living costs are cheaper, and the traffic isn’t as bad as Manila’s.
It might be more advisable to buy a commercial property than a residential one in Bacolod. Top business processing outsourcing (BPO) firms have picked Bacolod because of its skilled workforce. Thus, you can also contribute to the city’s economy by buying office space for companies to rent.
Buying real properties in these five cities will boost your portfolio and earnings effectively. But don’t rush; the election period is affecting the market. Buy a property only when you have a sure buyer. If you have lots of money to spare, you may also start buying now and wait for your investment’s value to blow up when the market stabilizes again.