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The average price (2016) of a house and lot for sale in Baguio City is ~PHP 9,469,310.35 or PHP 45,761.53 per square meter. |
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Baguio is composed of 129 barangays—relatively numerous for a city whose total area is only 57.5 square kilometers. |
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There are three major roads and highways that connect Baguio to the lowlands: Kennon Road, which starts from Rosario La Union; Aspiras-Palispis Highway (formerly known as Marcos Highway), which starts from Agoo, La Union; and Naguilian Road, which starts from Bauang, La Union. |
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Baguio City is often considered as the educational center of Northern Luzon. There are 14 institutions of higher education in the city, the most prominent among them include Saint Louis University, the University of the Philippines, Philippine Military Academy, and the University of Baguio. |
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As a popular tourist city, Baguio boasts of a number of parks and attractions, including Burnham Park, Mines View Park, Teachers’ Camp, and the Baguio Cathedral. |
The city of Baguio is located in the Philippine province of Benguet. It is surrounded by the Benguet municipalities of Tuba, La Trinidad, Sablan and Itogon, which makes it a de facto center of the region. As of 2010, the population of the city was approximately 318,000. This number is constantly increasing due to the attractive economic, residential, and educational incentives offered by the city.
Buying a house and lot for sale in Baguio City is a smart move for several reasons. It is a relatively affluent area, and as a result, the standard of living is high. This makes it a very popular place to live and do business. As a result, real estate in the city is highly valuable.
The city is not purely residential; it is also highly urbanized, and getting around is very easy and very convenient. For those who do not have personal access to a car, there are many taxis, jeepneys, and tricycles available for transportation.
Houses for sale in Baguio City are ideal options for use as residences because the city is a very popular vacation spot for locals and tourists alike. Its high elevation gives it a cooler and calmer climate compared to the lowlands and coastal areas. Many Filipinos buy and rent Summer homes here. This is why in addition to buying a house and lot for sale in Baguio for use as a residence, it is also an intelligent and secure way to make income from vacation rentals.
There are many reasons to buy a Baguio City house for sale. These are two of the main reasons to do so:
Commerce and Shopping
Baguio is a shopping destination for several of its surrounding municipalities as well as for the provinces of Cordillera and Ilocos. It has many commercial districts, including the popular Session Road and Abanao Street, and is home to many shopping malls, such as SM City, the Porta Vaga Mall, and Centerpoint Plaza.
People are attracted by the variety and competitive pricing of the goods and services that would otherwise only be found in Metro Manila, which is four or five hours away by car. Baguio is a very convenient place to live in, and is good for businesses that cater goods and services to families and professionals living here.
Schools and Universities
Considered to be a university town, Bagio receives students from all around the province who wish to attend its numerous prestigious schools and universities, such as the University of Baguio, the University of the Cordilleras, and the Brent International School. A large portion of the city’s population is made up of students. It is an ideal city for families with college aged children, and for investors who wish to buy houses to rent out to students.
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The city of Baguio is widely recognized as the Summer Capital of the Philippines. It was officially declared as such in July of 1903 when, during the early years of American occupation in the Philippines, government operations began being annually transferred to Baguio from Manila. This occurred between the months of March and June in order to avoid the summer heat in the capital.
The Home Development Mutual Fund (HDMF) or more popularly known as the Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya, at Gobyerno Fund or the PAG-IBIG Fund is a fund dedicated to the creation and establishment of a national savings program and an affordable shelter financing scheme for Filipinos.
Buying a home isn’t an overnight decision. It’s one of the biggest milestones for a Filipino as it’s a huge financial investment. As a buyer, you have to be cautious, scrutinizing, and careful when looking for houses in the Philippines. It is, after all, where you’ll raiseyour family andfind respite from the daily grind.
