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Our Overseas Filipino workers (OFWs), who continue to assist our country’s economic growth, are our modern-day heroes. They travel to far-off nations for better employment prospects to support their families. Despite the COVID-19 pandemic’s adverse effects, OFWs could still contribute to the Philippine economy.
With this contribution, some OFWs will wonder what they can invest in. Whether it’s stocks or real estate, these investment opportunities should offer strong returns in the future. Best of all, you can start saving money even while helping your family. That said, OFWs should consider purchasing and investing in different real estate properties.
Here are some reasons to invest in OFW-friendly properties in the Philippines:
Why OFWs Should Invest in Real Estate Properties
Diversification of Holdings
Multiple sources of income are a great way to diversify your sources of investment income. With the aid of real estate investing, it is extremely doable. Real estate offers diversification among your investments because it is a low-volatility investment with good returns. Your other assets, such as real estate, can still support you if unfavorable market conditions arise because it has a low to negative correlation with other asset classes.
Even while real estate has some disadvantages, there are still enough or even more reasons to invest in this type of industry. After all, some risk is associated with all investments, depending on how you plan to manage it.
Consider the features you would want if you were using the property if you were planning to buy one to begin your real estate investment. Always take the location into account, regardless of accessibility. The construction quality of the house comes next. Examine the area around the property and the neighborhood. These are just a few things you need to consider before buying real estate.
Always conduct your due diligence as a real estate investor or soon-to-be investor to ensure that your future property will fulfill its intended function.
Cash Flow
Real estate is a wise choice if you intend to invest in increasing your income.
Over time, the value of real estate typically increases. This explains why the cost of a house and lot in 2019, before the pandemic, is far cheaper than in 2022. And despite the pandemic, real estate is still a top investment choice and continues to appreciate, albeit more slowly. Imagine being able to sell your property for more than what you purchased for it.
Another choice for your real estate is to turn it into a rental space, either commercial or residential, depending on which is more appropriate. You will be able to pay for your property while renting it out without losing any of your hard-earned cash. You can also raise the monthly rent for your tenants as the value of the property increases.
Security
Real estate might give you security if your initial purchase ends up being your future residence. Due to the potential for supplying you and your family with emotional and even financial security through real estate investing, it is crucial for OFWs.
Therefore, as an OFW, set aside money for your dream home before dividing your income among its various uses. Start practicing healthy financial habits for a secure retirement like living frugally and recording your expenses. By the time you return to the Philippines, you’ll be able to enjoy the results of your labor.
Now that you know the reasons to invest in real estate, here are OFW-friendly properties in the Philippines:
Amaia Nuvali Series
Amaia Nuvali Series is located in Nuvali, one of the best places to reside in Sta. Rosa, Laguna. With access to everything they need, the soon-to-rise building aims to provide more fairly priced living spaces for growing families who prefer to live outside the metro. Residents near the Sta. Rosa and Eton exits would benefit significantly from simple access to Nuvali’s educational institutions, recreational places, and commercial centers because they are situated along the South Luzon Expressway and CALAX through Mamplasan.
Valenza CrownAsia
At Valenza CrownAsia, Filipino families have the privilege of residing in a quiet and secure neighborhood while accessing the comforts of the metro. Located in Santa Rosa, Laguna, this 22-hectare development has a variety of exquisite homes with Italian architectural influence. In addition, the neighborhood furnished with statues and fountains creates the right ambiance of a beautiful life in Italy. Some of the community’s amenities include a basketball court, clubhouse, pocket gardens, and a swimming pool.
The Villages at Lipa
Not only does The Villages at Lipa offer OFW-friendly properties in the Philippines, but it is also has RFO houses and lots ideal for OFW retirees. The development is within LIMA Estate, AboitizLand’s new industry city in Lipa and Malvar. LIMA Estate comprises clusters of safe communities and establishments. The Villages at Lipa consists of exquisitely-designed homes and lots with floor areas ranging from 53 to 150 square meters. Meanwhile, lot-only units with sizes ranging from 97 to 366 square meters.
Avida Towers Sucat
At the heart of Paranaque, along Dr. A. Santos Avenue (formerly Sucat Road), is Avida Towers Sucat. The property is across SM Sucat, 30 to 45 minutes from Makati. In addition, it is one of the most OFW-friendly properties in the Philippines since it’s only 10 minutes from Ninoy Aquino International Airport, Coastal Mall, and Duty Free Mall. A wet market is only 5 minutes away, and it’s only 20 minutes to get to Makro Sucat and 15 minutes to get to SM Bicutan.
SMDC Shell Residences
Shell Residences consists of 4 buildings on 2.2 hectares of ground. The average building has 16 floors. As one of the OFW-friendly properties in the Philippines, Shell Residences offers first-rate amenities and utilities to guarantee safety for its residents. Such amenities include elevators, fire exits, automatic fire detection, and an alarm system. Shell Residences is situated at MOA Complex, Road 11, Pasay City. It is 2 kilometers from SLEX and 3 kilometers from the airport, so you can imagine how convenient and accessible this place is. SM Mall of Asia, Ikea Philippines, and Ayala Malls Manila Bay are just a few nearby places from the development.
Camella Cerritos Mintal
For those looking for OFW-friendly properties in Davao, Camella Cerritos Mintal is an ideal option. With shopping centers like Vista Mall Davao and Gaisano Capital Mintal close by, this is a fantastic location. Additionally, a number of different places of worship for various religions are all accessible by foot. Subdivision amenities include concrete roads and gutters, CCTV cameras, subsurface drainage, and an entrance gate with a guard house. There is also a playground for kids, a clubhouse, a pool, a basketball court, and power and water utilities.
Ashana Coast Residences
Ashana Coast Residences is in Liloan, a young, energetic city in Cebu with a rich cultural past. The area has a robust economy and various ongoing infrastructure improvements. Furthermore, Liloan is widely renowned for having numerous enticing eco-tourism destinations that attract both local and foreign visitors. As for the development, Ashana Coast Residences is an advanced community with distinctive innovations. The multi-purpose clubhouse has two stories and an open deck with views of the sky and the ocean. There are grilling stations, a blooming park and edible garden, wellness zones, and running pathways.
For more tips on the Philippine real estate market, check out other related journals on Lamudi here.
Photos via Deposit Photos
