Leading real estate platform Lamudi has added a new city guide to its resources, this time focusing on Cebu City. The Cebu City Guide is posted following the conclusion of their Cebu Housing Fair this September 22.
In line with the recently concluded Cebu Housing Fair in SM Cebu Trade Hall, Lamudi has revealed its city guide for the Queen City of the South. With the Philippine Statistics Authority data showing a 94.3% increase in employment rate from 2017 to 2018, Cebu proves itself worthy of the modern urban skyline that is a testament to its economic development.
The popularity of Cebu stems from its strategic location, making it equally close to islands and beaches, hotels and resorts, and heritage sites. It has natural wonders to offer tourists and residents, and a rich history to build upon. It is also accessible to all forms of transportation, with the Port of Cebu being the second largest port in the country, only second to Manila.
Interest in Cebu Real Estate
With the addition of Cebu, Lamudi brings tourists, property seekers, investors, and Cebuanos on a trip down South, highlighting the popularity of the city as a tourist destination as well as a hub for real estate development.
In the past decade, interest in Cebu has skyrocketed, and its horizon has gradually been dotted by some of the most notable developments residents can see today. Cebu is home to over 900,000 residents, as stated in the 2015 census, and celebrates the Sinulog festival, one of the most popular festivals in the Philippines. It draws thousands of tourists during the peak season, and throughout the year. It is also one of the cities in the Philippines with residents actively looking for condo units.
According to Lamudi’s data, Cebuenos have a healthy interest in house and lots, which remain the number one property type in the city contributing to 47.91% of page views. Notably, in 2019 alone, 22.22% were looking into condo units.
House and lots generated almost 39% of leads, while condo units generated almost 21%. Cebu City got the majority of searches for properties in Cebu, followed by Lapu-Lapu City, Mandaue, Talisay, Consolacion, Minglanilla, Liloan, Balamban, Cordova, and Naga.
Exploring Cebu, the Oldest City in the Philippines
The City Guide explores the popular neighborhoods and destinations in Cebu, with a comprehensive guide to some of the recommended things to do for tourists visiting the island, investors looking to diversify their portfolio in Visayas, and residents looking for real estate property in the area.
As the oldest city in the Philippines, Cebu is steeped in history that Cebuanos, Filipino tourists, investors, and foreign visitors all want to experience for themselves. A testament to this is the successful Lamudi Cebu Housing Fair, which generated a significant amount of interest from property seekers and investors in attendance. Lamudi brought the housing fair to Cebu for the second time in a row this 2019 following its success in the region in 2018.
Lamudi, which lists some of the most attractive properties around Cebu City and all over the Philippines, came up with the City Guide Insider to encourage tourists and property seekers alike to explore their options and find the property of their dreams in a destination they will enjoy.
Lamudi will expand to more cities outside the metro, providing Philippine property seekers with resources on everything real estate around the country.