Smart Things to Know About Philippine Real Estate

Over the years, lots of businesses have taken on the spotlight for being the next big thing in the industry. With the onset of digitalization, this trend has gone on invading not only the first world countries but basically any place around the world with a healthy market potential.

Among the most prolific industries at present is that of real estate. With many people now wanting to own their own properties across major cities, it’s no longer a surprise to see a surge of companies offering land properties at different cost.

Same trend can be observed in the Philippines.

As of 2015, reports of the country’s growing GDP and foreseen good potential has gained the attention of lots of foreign investors from different countries. With this increase in investment comes the growing need to put out establishments for each company branch.

Here, we see a domino effect affecting not only the big company owners but even those regular workers who are encouraged to secure their own space in the city just near the company they work for.

This drastic increase of real estate demand can be considered as good news both for local and foreign investors. By investing some of your assets to the venture, you have a high potential of growing your money in line with the increased sales in land too!

To get an overview of how these land selling is paving, here are few vital information provided by Rappler.

  • 12% of the entire real estate project is devoted to socialized housing. These are properties owned by the government intended for the less privileged citizens of a particular community. Those housing programs you hear about are part of this category.
  • 16% belongs to the low-cost housing category. These are those properties that most of the working Filipinos can afford. A lot of them can be seen in urban areas where the center of the country’s workforce is mostly located.
  • 9% is part of the middle-income housing. These are those houses or properties that are bigger and more conveniently situated than the low-cost properties. People who have higher salaries can afford these properties.
  • 23% are part of the so-called high-rise residential condominium. You see a lot of this in Manila, though Cebu is catching up well. These are those condo units usually sold out to businessmen and even foreigners who wish to stay in the country for a certain period of time. The place doesn’t need to be sold out. Some owners prefer having their properties leased.
  • 40% of the real estate business is those land masses that do not fall under the previous categories. These could include lands that are not yet developed. Those that are vacant and are yet to be sold out could fall on this category too.

Judging from the good performance of the Philippines in terms of its overall economy, we see why there are many business owners who prefer to setup their companies here. For aspiring real estate investors, this could mean a lot of things.

Just make sure that before jumping into any kind of investment, you have first verified the credibility of the company you wish to invest upon. There are several huge real estate magnates in the country and they’re very much open for investors.

However, the challenge comes on how you could get in touch with the right agents to have your money invested on the right project.

Needless to say, you’ll have to learn about the risks and benefits of these projects too. You must understand that at the end of the day, investing is a risk and there’s a huge potential of losing money. Weigh your options well and go for those who can offer a credible opportunity.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s