Affordable Properties in the Picturesque Island of Cebu
Cebu is one of the most populated provinces in Central Visayas--home to millions of Cebuanos and breathtaking seas, mountains, and coves. Surrounded by over 150 islands and inlets, Cebu province is indeed a dream home for those fond of traveling and have a thirst for water adventures.
Aside from being a popular tourist destination, the province is continuously getting attention because of its improving residential landscape. In the following cities, you’ll find houses and lots suitable for working individuals, couples, and even small families:
Best of all, units in these cities are highly affordable. So if you’re searching for a house and lot for sale in Cebu for below 1 million, you won’t actually have a hard time finding one.
One of the best parts of owning a Cebu property is that you get easy access to the province’s most beautiful tourist spots. Here are some of them:
Fort San Pedro
A house and lot for sale in Cebu for below 1 million won’t just bring you close to the province’s pristine islands and historic sites. When you invest in this property, basics and more will also be a few minutes or steps away.
For instance, properties in Cebu City are conveniently near various educational facilities such as the University of San Carlos, Cebu Normal University, Cebu Institute of Technology, and Southwestern University, to name a few.
Meanwhile, when you look at houses for sale in Mandaue, you’ll find that business centers like Norkis Cyber Park and Oakridge Business Park are only a few minutes away. Museums, parks, and sports facilities also abound in this area.
What You’ll Get When Buying a House in Cebu That Costs Below 1 Million
The most affordable house and lot for sale you’ll find in Cebu costs P450,000. Also known as socialized housing, this kind of unit is often delivered in bare type, with provisions for two bedrooms and two bathrooms.
Meanwhile, well-designed rowhouses and townhomes with two floors usually cost P570,000 to P860,000. These options are located within subdivisions, with access to recreational amenities like swimming pools, clubhouses, parks, and playgrounds.
Why Purchase a House and Lot for Sale in Cebu for Below 1 Million
Perhaps the number one reason to invest in a house and lot for sale in Cebu for below 1 million is affordability. In such a progressive and popular area, many think that acquiring a property would require a huge chunk of money. Fortunately, with less than 1 million houses available, even the affordable market segment or low-income earners can have a shot at owning a comfortable home in Cebu.
The payment modes for a house and lot for sale in Cebu for below 1 million are relatively flexible. Buying the property through the Pag-IBIG housing loan program is often preferred because of the low-cost monthly repayments. Other options include bank financing and rent-to-own schemes.
Finally, buying a home in Cebu and living here will connect you to the many work opportunities in the province. In Metro Cebu alone, you’ll find a host of tourism-related businesses, information technology (IT) and business process outsourcing (BPO) companies, and industrial estates. All these establishments can offer career advancement and a stable job to support your needs and those of your loved ones.
Are there foreclosed houses and lots in Cebu?
Yes. There are foreclosures in Cebu priced below 1 million, with a land size of over 100 sqm.
How much is a one-bedroom house in Cebu?
You can find a one-bedroom unit in Cebu for as low as P500,000.
Where can I find an affordable house in Cebu with pool access?
Units in Minglanilla are worth considering if you want access to recreational amenities. The subdivisions here have a clubhouse, swimming pool, and play areas.