A lot for sale in the Philippines is a great property investment because of the capital appreciation it offers. It increases in value over time, giving excellent returns on investment.
There are various types of land assets in the Philippines. A residential lot can be the site of your dream home. A commercial lot, on the other hand, can be rented out to businesses, providing a steady source of passive income.
When investing in lots for sale, consider the location. The central business districts, as well as the areas near them, are property hotspots worth looking at.
With a lot situated in a strategic location, you can be close to career and business opportunities. You can be close to your workplace, or you can attract different enterprises looking for their next site of operations.
The old adage goes, “the best investment on earth is earth.” A lot for sale is an ideal real estate asset because its value appreciates over time given the limitedness in supply. Moreover, it’s versatile. You can use it to build your next home, rent it out to businesses, or sell it for a much higher price than you bought it for. The best thing about it is that even though you leave it as it is for years, it will still have a promising value in the market by the time you decide what to do with it.
Most of the lots for sale in the country are in strategic locations. The residential lots are in subdivisions close to establishments offering daily essentials. Meanwhile, the commercial lots are near major road networks, promoting easy transport of goods and smooth business operations for locators.
A lot for sale in Metro Manila, for instance, may be a short distance from the capital region’s most popular establishments, including:
The lots for sale in the Philippines come in different types: residential and commercial. Choose based on your financial goals and situation. The prices of these properties largely depend on their size and location.
As of February 2022, a residential lot for sale in Metro Manila with 50 to 70 square meters ranges from P3M to P5M. The price goes higher as the land gets bigger. Those located outside the metro, in suburban areas, are priced relatively cheaper. You can even find land properties at P1.5M.
Meanwhile, a commercial lot for sale in Metro Manila with a size of 200 to 400 square meters is worth P6M to P10M. Outside of the capital region, there are commercial lots with 250 square meters sold below P2M.
Land values, especially in the Central Business Districts (CBD) are increasing on a yearly basis. What you buy now will be worth more later–a lot more. The Makati CBD, Fort Bonifacio, and Ortigas Center are property hotspots worth considering when buying a lot for sale in the Philippines. Prices in these areas, as well as in other major parts of Metro Manila, such as Quezon City, Muntinlupa, Manila, and Parañaque are expected to increase from 6% to 12% in the next coming years.
The Philippines has one of the fastest-growing economies in all of Asia. Based on the International Monetary Fund 2021, the Philippine economy is ranked 27th in terms of nominal gross domestic product. In fact, the country saw an 11.8% increase in GDP in the second quarter of 2021. The last similar growth rate of 11.99% was recorded back in 1988.
The country is known for exporting garments, petroleum products, fruits, and coconut oil. Another major factor that influences the growth of the Philippine economy is tourism. Millions of local and foreign tourists visit natural tourist destinations like beaches, mountains, rainforests, islands, and heritage sites annually. The number of foreign visitors reached its peak in 2018, with over 8 million tourists.
If you invest in a lot for sale in the Philippines, you can benefit from the country’s growing economy. Buying residential land and building your dream home in a progressive location will help you be exposed to promising career opportunities. You get to live your dream job and support your growing family without the compromise of being away from them.
On the other hand, buying commercial land in a property hotspot in the Philippines will yield in excellent passive income and returns. It can expand your professional network as well, as you cater to different types of businesses.
Are there any agricultural lots for sale?
Yes, you can find agricultural lots for sale. The Philippines has some of the most fertile agricultural lands in the world, making these lots an excellent investment.
Are there cheap residential lots for sale?
Yes, depending on your budget, there are a lot of cheap residential lots for sale. These lots can cost less than Php 100,000 and can perfectly accommodate a house.
Are there any beach lots for sale in the Philippines?
Yes, there are so many beach lots for sale. As the Philippines is a tropical country, its beaches are some of the most beautiful in the world. These lots for sale are good for developing private vacation houses or commercial resort developments.