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Make the best possible considerations when selecting a place for real estate by knowing which cities and municipalities in the Philippines are presently deemed the most competitive
Different considerations need to be taken when selecting a location to live in or do business. These range from family and friends living in the area, the career or business opportunities it offers, or simply offering surroundings and/or a way of life that is deemed ideal ideal. However, as real estate is often a large and long-term investment, the competitiveness of its location proves to be just as important.
The National Competitiveness Council (NCC) states being more competitive is essentially what makes a locale more attractive for investment and new business generation. As most anyone can tell, increased investment means further development, which in turn means even more investment potential, as well as raised standards of living.
With that, we take a look at some of the Philippines’ most competitive cities and municipalities, based on the NCC’s Cities and Municipalities Competitiveness Index (CMCI) for 2016.
Quezon City
Most Competitive HUC (Highly Urbanized City)
The largest city in Metro Manila is considered most competitive among highly urbanized cities in the Philippines in 2016, followed by Makati and the capital city of Manila. QC reportedly ranked among the top three of the three pillars of the CMCI- infrastructure, government efficiency and economic dynamism.
It also continues to prove to be one of the most competitive locales in the Philippines by also being the most searched city in the country for real estate. QC received the most page views overall, be it for residential or commercial real estate for sale or for rent, from users searching on Lamudi in 2016.
Naga City, Camarines Sur
Most Competitive Component City
Edging out San Fernando, Pampanga, and Legazpi City, Albay, Naga City is considered the most competitive among the Philippines’ component cities for the third consecutive year. The Bicol Region city also ranked 14th overall among all cities in the country which participated in the 2016 CMCI, ranking ahead of other popular cities like Baguio (15), Iloilo (16), and Pasay (17).
Naga City is also one of the few cities included in the IT and Business Process Association of the Philippines (IBPAP)’s 2016 list of next wave cities, or NWCs, which is a distinction for locales where the information technology and business process outsourcing industries are expected to thrive.
Cainta, Rizal
Most Competitive Among 1st and 2nd Class Municipalities
Finishing with just about two points ahead of co-Rizal municipality Taytay, Cainta is considered the most competitive among all municipalities in the Philippines, be it among those categorized as first or second class, or those that are from the third to sixth classes. The secondary gateway to the rest of the province from Metro Manila, Cainta is considered as part of the National Capital Region’s conurbation.
Other distinctions earned by the highly urbanized municipality include first place in infrastructure as well as government efficiency, and second place in economic dynamism. Its proximity to Metro Manila and overall development continues to make it a place of interest for major property developers.
Infanta, Quezon
Most Competitive Among 3rd to 6th Class Municipalities
Advancing from third place in 2015, Infanta in the province of Quezon is presently considered the most competitive among third to sixth class municipalities, and is also the top ranked in terms of its infrastructure. Part of the REINA (Real, Infanta, Nakar) trio of areas in Quezon with a significant deal of undeveloped land, Infanta’s steadily expanding accessibility has gaining increased real estate interest.
The largest manufacturer of lambanog or home-brewed alcoholic beverages in the province, as well as having numerous beachside locations, Infanta continues to become increasingly attractive as both a retreat and as a residential location for those living in the NCR and CALABARZON.
Main image via Shutterstock
