Why Filipinos should buy land today
Buying land in the Philippines is one of the best investments you can make. Whether you’re looking for a space to build your home or for a lot where you can build your dream business, there are tons of land across the country ripe for the picking. Real estate and buying land is one of the safest investments you can make as it’s rarely affected by fluctuating markets.
With the steady progress the Philippines has been experiencing recently, you can be quite confident that your lot’s value will appreciate over time. If you want to secure a slice of the country that’s truly your own, then buying land in the Philippines should be your next move.
Best areas to buy land in the Philippines
It’s not surprising that Metro Manila remains to be one of the top choices for those who want to buy land. Within the metro, land in the cities of Makati, Taguig, Quezon, and Pasig should be your top considerations. These cities house the country’s largest business districts as well as some great residential zones. Parañaque is also fast becoming a prime location because of its renowned residential villages and rising industrial area in Bicutan.
Other metropolitan areas in the country such as those in Cebu, Davao, and Iloilo are also great options. Major companies are setting up bases in these areas, generating trade and employment. These areas are also less densely populated than Metro Manila, perfect for families looking for a place to settle.
Some people who are buying land in the Philippines want to go outside of metros, too. There are properties in popular places like Tagaytay, Baguio, and Angeles which are up-and-coming, attracting many investors and new residents.
The different types of land for sale
There are all sorts of land for sale in the Philippines. There are residential lots and commercial lots peppered throughout the country. These are ideal for city dwellers and urbanites. Outside of urban zones, you can find agricultural lands where you can cultivate farms and generate income. And since the Philippines is made up of several islands, there are also numerous beachfront lots to choose from, great for beach homes or beach resorts.
How much would buying land in the Philippines cost you?
Prices across the Philippines may vary greatly. City centers and business districts are considered high-value areas. The average price per square meter in these busy zones is around PhP 180,000 per square meter. But if you’re looking at buying land in the Philippines, in more rural areas, then lots could cost as low as PhP 6,000 per square meter.
Paying for land in the Philippines
Despite what many people think, buying land in the Philippines is very attainable. There are lots of banks and financing institutions that offer favorable terms to landowners. Generally, you’ll be required to pay 10% to 20% of the total selling price as a down payment. The remaining balance can be settled through more manageable monthly payments that could stretch up to 20 years.