When you hear the words "pandemic" and Philippines," the feeling that you could get is one of dread. With the current state of the national economy and employment and the uncertainty of what is yet to come, it’s natural to feel anxious about money. So to wisely utilize your money, make it work for you.
But is buying a condo a good investment in the Philippines during the pandemic? Definitely.
Preparing for the next stage of life and fleshing out safety and security through long-term investments through buying a condo that you may get profit from would be quite beneficial to anyone.
Real estate investment is a good option to consider, especially if most of the savings are just in the bank account. For many people, the main objective of investing in real estate is to have a safe and stable place for their money. But because of this, some investors are unsure about how to own a condo, or which properties or areas are best for them.
It can be quite difficult to figure out where the best places are to buy a condo. With so many condos to choose from it’s very hard to decide which locations are the most suitable. Some people want a resort feel, with lots of fun activities for their family, and others simply want a place that’s in a great location and also affordable. One person might care if there’s a Starbucks nearby, while someone else might be looking for restaurants. Some might want to live close to work and others want a quiet leafy neighborhood. After all, different people have different priorities. Below are some of the best locations where you can invest in real estate:
Manila
As the capital of the Philippines, Manila is undoubtedly a great place to live and where you should consider buying a condo. It is ideal for those who prefer living amidst bustling streets and a dynamic population that has a fast-paced lifestyle. Buying a condo unit in Manila can also be an exciting proposition. You can choose from many residential condominiums or high-rise apartments that are equipped with the latest amenities and facilities. The condominium you have considered may even sport tennis courts, swimming pools, gyms, and playgrounds for families with kids.
Quezon City
Quezon City is the most populous and one of the important cities in the Philippines. It is also the one with a flourishing real estate industry. You can find various kinds of condominium units in the area and you will be free to choose from your preferred choices. It is home to different central business districts and several universities. Condo properties in Quezon City have excellent cash flow margins because of their lower pricing. This has made Quezon City one of the prime locations for students and professionals, who are more likely to own a condominium property unit compared to those living in other cities and provinces because they can rent it out while they live in it.
Pasay
Buying a condo for sale in Pasay is a wonderful investment not just because it is a dynamic and exciting entertainment city, but also because it is close to pretty much everything you will need for a well-rounded lifestyle: education, leisure, health, and travel. The majority of condos for sale in Pasay come with resort-style facilities, which is one of the reasons for the comparatively high costs. These condominiums, on the other hand, are a good investment for OFWs and balikbayans since they may get the most bang for their buck with their desired condo property.
Makati
This is the perfect place to buy a condo if you have funds that you can acquire to own residential property investment. The market for condo units is huge in this city since this is a hub of local professionals. Business processing outsourcing and information technology have probably been two of the most important drivers to foreign investment in the Philippines, and Makati is no exception, with over a thousand BPO firms.
Pasig
Pasig City is one of the best places to invest in real estate. It has a variety of core business districts. Many professionals and recent graduates come to begin their careers here. Whether you're a novice or a seasoned investor, Pasig has a broad range of condominium alternatives to suit your needs and budget.
Taguig
If you can afford a more luxurious urban lifestyle, Taguig City is a good place to live in. The locality is characterized by state-of-the-art architectural design, hopping malls, dining options, and a rapidly thriving economy. Taguig City features a bustling neighborhood that’s home to corporate offices and residential buildings. It houses many international and local companies, which could give more work opportunities.
Cebu
Tagged as one of the top tourist destinations in the Philippines, Cebu City is one of the best places to buy a condo. Thus, there is a surge in the development of real estate in the hospitality sector.
The rich opportunities to lease and sell properties in this area also attract an investor to buy a condo in Cebu. It is also a vital hub for business and commerce in the region.
Baguio City
Just like Cebu City, Baguio is also a leading travel destination tourist. The Baguio weather is not something anyone can resist. This is a perfect place to buy a condo if you want a work-life balance. Aside from these, Baguio is considered as the “Education Center of the North, thus, the city’s economic growth speaks for a wise investment.
If you acquired a unit from a condominium in a good location, the value of the unit would grow faster over time than those in less desirable places. Apart from that, the location of your condo property will have an impact on your lifestyle and convenience. When purchasing a condo, one of the most important considerations is the location. Not only will it influence your lifestyle once you've moved in, but it will also have an impact on the unit's future resale value.
Buying a condo in the Philippines will be risky, so researching the best place for your next home or investment will save you time, effort, and of course, money.
If you are thinking of moving into a new condominium, check out Vista Residences!
Vista Residences is the condominium arm of the country’s largest homebuilder, Vista Land & Lifescapes, Inc. that offers ready for occupancy and pre-selling condominium projects in Manila, Makati, Mandaluyong, Quezon City, Ortigas, Baguio, Cebu, and CDO that are strategically located within major cities, in close proximity to premium universities, transit-oriented locations, and developed business districts.
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.
