The Philippines is one of the countries in Southeast Asia. It has earned the nickname “Pearl of the Orient” as it is popularly known for natural resources and locations. The pearl has become a symbolism of the country’s rich culture and tradition.
The Philippines is mostly known as home to popular beaches like Boracay, Siargao, and Palawan. Local and foreign tourists also visit famous destinations such as Sagada, Banaue Rice Terraces, and Intramuros.
Purchasing a property in the Philippines is an ideal investment because of the affordability of vacant lots and the cost of living. It’s a bonus that you’ll have easy access to beautiful beaches located around the country.
The archipelagic Philippines is composed of 7,640 islands and encompasses a land area of over 300,000 square kilometers
The Philippines is one of the fastest developing nations in Asia. For over a decade and in the next years to come, it has been and will be experiencing stellar economic growth. Due mostly to the burgeoning service industry, particularly the business process outsourcing (BPO) and information communication technology (ICT) sectors, the economic prosperity of the country has had an immensely positive effect on the real estate market. It’s understandable that, given these fruitful circumstances, you’d be thinking about buying a house and lot for sale.
It is not only the demand for office and retail markets that has increased. The residential sector has been growing as well. As an indirect result of the BPO and ICT industries’ expansion, as well as overseas remittances, the purchasing power of the people has increased. Topped off with low inflation, flexible financial options, and more affordable housing projects, Filipinos are now more than ever eager and capable of buying a house and lot for sale that they can call home.
Although there is still a backlog in middle-income and low-cost housing amounting to an average of 58,000 units per annum, the residential real estate market remains buoyant. Government support on property investments and real estate developers has ensured that supply keeps coming in. The balance between affordability and quality in accommodations will become the priority for the next coming years.
Whether you’re in Metro Manila or beyond, there will always be convenient establishments located near your house and lot for sale. You can expect quality schools and hospitals nearby, which is beneficial if you’re raising children. Shopping malls and markets are also within arm’s reach, so you can stock up on all your necessities.
Being located near these establishments drives up the value of your home because of how accessible it is, which is ideal if you plan to rent or sell your house and lot for sale in the future.
Depending on the location, you can get a house and lot for sale at an affordable price. The pricing is usually influenced by factors like accessibility, market value, demand, and neighborhood. Most of the properties in the Philippines are house-and-lots, condominiums, townhomes, or apartments. When it comes to choosing between the different property types, it all boils down to your family size, lifestyle, and needs. Most people who prefer a quiet neighborhood should settle in a gated community, while those who prioritize close proximity to establishments might want a condominium instead.
Despite the recent trend favoring condominium living, more people still prefer to purchase their very own house and lot. There are plenty of options for a house and lot for sale, from Metro Manila to Cebu City. Most prominent private villages or gated communities are found in Metro Manila. The house-and-lots in these areas are typically priced higher because of the exclusivity that has influenced the market value of the properties. Here are some of the most prominent gated communities in the Philippines:
These subdivisions set the norm when it comes to privacy, convenience, and comfort. Aside from 24/7 security, one cannot simply enter these villages. Your vehicle will either need a sticker that signifies you are a resident, or the guard-on-duty will call the resident you are visiting to verify whether to let you inside or not. As strict as this may seem, this does make these communities one of the safest in the country.
These villages also offer more than security. Each has at least one clubhouse, typically with a swimming pool where residents can hang out. There are also private parks and even golf courses. These subdivisions are also centrally located and some are even close to top educational institutions and shopping malls, making them practical locations as well.
It comes as no surprise why a house and lot in these areas is priced at a premium. Of course, there are more affordable versions of these villages all over the country. They may not have actors, diplomats, and politicians living in them, but they offer the same basic perks for utmost comfort and security. This is why purchasing your own house and lot for sale in the Philippines is truly a dream come true.
Despite this, houses and lots outside gated communities still offer good quality homes where you can build memories with your family. Most of the time, these houses are just a short distance away from commercial establishments and transportation hubs. These houses can be found in residential areas around the country and can be priced for as low as PHP 1.2 million.
Becoming a homeowner is surely a dream for most Filipinos, as it is considered an investment. Putting out a big chunk of money is a huge commitment but is advantageous in the long run. Purchasing can be a better option for families who have the financial capacity for the property and maintenance costs. More than that, you also have to consider your length of stay. If you plan to reside in the property and pass it on to your children, then investing in a house and lot for sale is definitely the right choice. You can expect a return on investment since the market value of your property will surely appreciate over time, especially if you consider its features and location.
Besides this, here are some of the other advantages of purchasing a house and lot:
Whether you want to start your own business or work for a recognized company, you can build the foundations of your career within your new home in the Philippines. Bigger cities will always have a central business district nearby which boasts skyscrapers and sprawling commercial centers, each brimming with potential job opportunities. Meanwhile, smaller areas will typically have a commercial area near the town proper where it’s possible to start a business or work for existing businesses in that location.
Yes, there are tens of thousands of houses and lots for sale around the Philippines as the country is one of the fastest developing nations in Asia. That said, you can find plenty of houses within your area and in nearby cities.
There are many townhouses for sale in the Philippines. Whether you are situated in a busy metropolis or in the more laid-back municipalities, townhomes for sale can be found in any part of the Philippines.
Yes, there are several beach houses for sale around the Philippines. Beachfront properties are among the more common real estate options in the Philippines, as it is after all a tropical country.
Did you think that you only needed a Transfer Certificate of Title to finalize your property purchase? This will list the documents you need to carry out your transaction.
Which Metro Manila cities have the most expensive houses, and which cities have the most number of properties under Php10 million? We analyzed Lamudi price data, mined from its listings of over a 60,000 in 2016 and ranked Metro Manila’s key cities from the cheapest to the most expensive in terms of average house prices.
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.