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Buying a house and investing in one can be two completely different things. One is for your own use and the other is using it to generate an income for you. Whatever your purpose is, this article will discuss why choosing a property in the CBD areas is a good investment.
A good housing investment is something that will pay you more than what you paid for it. Whether you’ve paid your property in full or not, you’re still bound to pay for the maintenance, repairs, taxes, and insurance. This means the expenses never stop, especially when you are considering investing in a property in a Central Business District (CBD) area where prices are the highest.
Despite this, why should it still be considered a good investment?
It is Always in Demand
CBDs have almost everything you want in a place to live. Properties in CBDs are always in the most convenient location. One has easy access to public transportation, commercial places, basic services, and different startups and multinational companies.
People come and go to this area and if they have the chance to stay, especially during the work week to avoid experiencing the Philippine traffic, they’d grab the opportunity.
This is a great thing if you want to live somewhere with quick access to almost everything you need. However, in case you’d put your property on the market for lease or rent, it still is a good move.
High demanded places would cost you immensely in terms of property purchase, but this high demand also suggests that having tenants is a huge possibility. And when you have tenants, they will now pay your other housing expenses on your behalf.
You Get the Right Return
The Philippines in 2019 alone is expected to reach double-digit growth according to a published article by Philippine News Agency. Real estate firm LPC’s Chief Executive Officer David Leechiu said that a double-digit return across assets and classes is foreseen.
This is a positive sign that the boom in the country’s real estate industry is not going away anytime soon.
New businesses, properties, and investors come into play each year. More buildings and more investors are equal to more jobs and opportunities for people. As they grow and expand, so does the value of your property. And as the property value grows, the faster you can get back what you invested.
There is Continuous Progress
Anyone living in CBD areas will enjoy the lifestyle and the continued development of these districts. CBDs have been the place for both work and relaxation. Besides being the business districts, these zones are home to recreational hubs from wellness, to food, to parks, and shopping malls.
And expect more kind of developments in the years to come as more investors and companies enter the CBD scene to keep the place on top.
Should You Invest in One Now?
Whatever decision and purpose you come up with for buying a property within the CBD area, it should reflect the best financial decision you can make in the current year. A ‘good investment’ depends on what goals you are trying to achieve. But in case you’re having doubts about the timing, there is no other best time to invest but now.
If you’re on the look for affordable housing to invest on, drop by Lamudi’s Affordable Housing Fair 2019. Join brokers, real estate agents, developers, and other property buyers in a two-day event happening on July 20 and 21, 2019 at Glorietta Activity Center. Enjoy exclusive property discounts and take part in a live auction on foreclosed properties. You can expect booths from SMDC, the Premium Sponsor, and Major Sponsors such as Lancaster New City by ProFriends and Federal Land. DMCI Homes, BPI Family Housing Loan, and Aboitiz Land, which are Minor Sponsors, will also be present.
The event’s Media Partners are Business World, Business Mirror, Malaya, Philippine Daily Inquirer Property, and Philippine Star and the event partner is Subdivision and Housing Developers Association (SHDA).
Visit the website to register and know more.
Source: Philippine News Agency
