The Philippines is a country that has been growing at an incredible rate for many years, and it shows no signs of slowing down. The population is expected to reach 100 million people by 2050, which means that there will be more demand for housing than ever before.
If you're looking for a way to invest in real estate and make some money simultaneously, buying a condominium in Baguio might be something you're considering!
Baguio City
Baguio City is a popular tourist destination in the Philippines. There are many reasons for this, including the city's beautiful scenery and natural attractions.
The city also has a large ex-pat population, and some locals prefer to live in condominiums with pools, saunas, gyms, and more. As a result, there is an increased demand for housing in Baguio City.
Many people buy homes in Baguio because they want to be close enough to enjoy everything the city offers but far enough away from the hustle and bustle of everyday life. They can enjoy the outdoors without dealing with traffic or crowded streets during their daily commutes.
If you're interested in buying one of these condos as an investment property or renting them out on Airbnb, we've put together seven reasons why you should buy one today!
Here are the top 7 reasons why you should invest in a condominium in Baguio City and turn it into an Airbnb or rental:
1. Climate
If you're eyeing becoming one of the best Airbnb rentals in Baguio City, the climate and environment in Benguet will help you sell your place to starting families.
The climate is perfect for renting out your place! The average temperature in Baguio City is around 24 degrees Celsius (75 degrees Fahrenheit). This means you can rent your home without worrying about excessive heat or cold in the winter. If you don't mind having guests during these months, then it's probably best not to buy an apartment there—that way, they won't have to worry about staying warm or cool in their rooms during those times!
2. Culture
Baguio City has a long history of being home to various ethnic groups. This means that the people there have very different values, beliefs, and ways of life than those in other parts of the Philippines. These differences make Baguio City a great place to invest in.
For example, it's common in Baguio City for families to live together in one house instead of renting an apartment or house separately, like in most other cities. This makes it easier for people who aren't used to sharing space with others at home - such as single parents raising children - to get used to living together again after moving out of their parent's house or apartment when they were younger.
The culture in Baguio City can be good for your condominium investment because many locals are looking for less expensive places to live. There are plenty of opportunities for rentals in the area, so more apartments will be available than homes on the market. This means you'll have more options than if you were trying to buy an apartment from someone living there full-time.
3. Tourist Destination
With the city's status as a tourism hotspot, you can expect an influx of visitors yearly. Not only will they be looking for places to stay overnight, but they'll also be looking for good food. Your condo will be a great place to start investing in real estate if you want some quick cash flow.
If you choose to make your condo into an Airbnb or rental property, you'll be able to monetize your parcel and return on investment (ROI) quickly. You'll have complete control over where guests stay, when they visit, and how much they pay per night—just like any other rental property.
4. Food
Speaking of food in Baguio City, the food is fresh, tasty, and diverse. Many restaurants are affordable and accessible. If you're looking for something more local, you can always find restaurants that serve Filipino dishes. You won't have any trouble finding something interesting or tasty!
One of the best things about eating here is that you can take advantage of unique dishes and cuisines found nowhere else in the world. Many restaurants specialize in local cuisine, meaning you can eat at some of them without leaving the city or traveling far from home.
You can find delicious food in many places, such as bakeshops and coffee shops. You can also find street vendors selling food stalls along major streets throughout the city center. If you want something different than what's offered at these stalls, then you can always visit one of their restaurants where they offer more traditional dishes cooked using fresh ingredients from local farms or markets
5. Expanding Economy
Baguio City, the capital of Benguet province and the first city of Mountain Province, is a thriving metropolis growing exponentially since 2016. The city's economy is expanding due to its strategic location and rich natural resources. It is also home to several multinational corporations looking to expand their regional businesses.
Baguio's economy is expanding at a rapid rate, which means there are more opportunities available than ever before. By purchasing a condo in Baguio that you can rent on Airbnb or as a rental property, you can make money while enjoying some of this beautiful city's most popular attractions.
6. High demand
Baguio City is one of the most popular tourist destinations in the Philippines and has been experiencing high demand for the best Airbnb in Baguio City. This means that many people are looking for accommodations in Baguio City. There are many opportunities for investors who want to buy their property and turn it into an Airbnb or rental property.
The good news is that this trend will only continue as more tourists come to visit Baguio City every year. More tourism means more business opportunities for hotels, restaurants, tour operators, etc., which means more tourists need housing options and Airbnb properties in Baguio City.
This trend is great news for investors because it means that more potential customers are out there looking for accommodation options—and those customers will be spending money on hotels, restaurants, and other businesses that cater directly to them while they travel around Baguio City.
7. Secure Investment
You can get more value for your money because of the demand for both condos and rentals in Baguio, home prices have risen, and it will take longer to sell your property if you want to sell it at its current value. Buying a condo with an attached investment property is an excellent way to use both properties for income purposes without taking much out of each property.
Buying property in Baguio City isn't just a good investment—it's excellent! You'll receive a steady income from your unit year after year, which means that your home will still be there for you even if there's a downturn in the economy or another crisis comes along. Plus, reselling is easy when you decide it's time for something new.
In the end, this is a significant investment. A condo in Baguio is an investment that will pay off in the long run and provide you with a great place to live. If you are looking for an affordable place to live and enjoy being in the Philippines, then a Baguio condo is an option.
Suppose you are looking for the best condo to invest in Baguio City; check out Vistra Residences' ready-for-occupancy Brenthill Baguio situated on 9 Yangco Road, Upper General Luna. Baguio is conveniently located near tourist spots, landmarks such as Camp John Hay, Burnham Park, Botanical Garden, and the public market. Not only does Brenthill Baguio offers top-grade amenities, but it also takes on the style of vintage Baguio architecture.
For more information on Vista Residences, email [email protected], follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.
