Cebu is one of the 81 provinces of the Philippines. It is made up of the island of Cebu and 167 smaller islands. Its coast is surrounded by beaches and fishing areas, and inland are many mountains and hills, the tallest of which, Osmena Peak, stands more than 1,000 meters high. Majority of the mountainous island is covered in forests, which provides a natural beauty to life here, especially for those who want to escape the concrete confines of Metro Manila. Even Metro Cebu, twice the size of the capital, is green and close in proximity to many beaches.
The province is divided into six cities and 44 municipalities. Most of these cities are relatively close to Cebu City, the capital of the province. There are only two cities in the province that are not considered to be a part of the Metro area: Toledo and Bogo. Toledo is most known for its mining industry. However, there are still several good beaches in the city, such as Louie Beach and Golden Sunset that may not have the same soft sand as other Cebu beaches, but still maintains the laid-back atmosphere that many people seek. Bogo on the other hand, is an agricultural city in the northern part of Cebu Province and 101 kilometers away from Cebu City. With a 27 kilometer coastline, the city’s tourism potential has yet to be tapped.
It is easiest to find a Cebu house for rent in the metropolitan areas of the province, which are Cebu City, Danao City, Lapu-Lapu City, Talisay City, Mandaue City, plus eight other municipalities. The province has a fast growing economy that rivals the capital, yet it remains close to nature due to its geographical location and topography.
This makes the province a more tranquil alternative to living in the capital. The cost of living is lower as well. Rent is almost 50% lower in Cebu and Gasoline is 5% cheaper. You would need about PHP5,000 less in Cebu to maintain the same standards of living than you would in Metro Manila. Lower costs, but the same benefits you have in the capital. This is part of the beauty of the Queen City of the South.
For those looking for more than a house to rent, but cannot yet afford a house for sale, a “rent to own” house in Cebu is a smart and secure way to save money, while simultaneously starting out on the path to homeownership. Houses for rent in Cebu offers the same promise, but without the equity. When someone rents to own instead, they agree on a sale price with the current owner and they pay a higher than market rental price per month for an agreed upon period of time. When the period reaches its end, the renter has the option to pay of the rest of the sale price which will then be lower and more affordable.