Tips on Condo Living and Real Estate Investing

Why Does Condo Still Appreciate Despite Pandemic?

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Real estate is a sound investment that provides steady income that can support a person’s journey to building wealth and in turn, keeping a great lifestyle. It’s puzzling how prices of real estate properties still appreciate. It’s a data-driven question that needs to be answered by a breakdown of factors. 

The global pandemic effects on the unemployment rate should dampen the demand for buying new properties as people need to prioritize their essentials first. However, despite the supposed decrease in value, and decrease in demand due to the pandemic, a survey from 226 cities showed a 1.8% increase in the Philippines’ real estate in 2019-2020 and a 5.6% percent increase in 2020-2021. 

These data show that real estate property investing can withstand major economic changes caused by a major catastrophe such as a global pandemic. Granted that a buyer carefully considered important factors to confidently expect value appreciation

The factors affecting Real Estate Appreciation

Accessibility, convenience, and location

This factor determines the long-term valuation of a real estate property. This is also an apparent reason that fault lines, flood-prone areas need to be spotted before purchase. As well, transport links, major infrastructures, foot traffic, and other economically buoyant factors are determined before house hunting or buying any land to build a house or building.

Central locations are served with a lot of conveniences that are suitable for anyone who needs a base for frequent business travels and possible rental income-generating properties. As an example, parents can ensure safety and ease for their children in college by purchasing a condo in Manila or a condo in Baguio since these locations are frequently chosen by students for quality education.

Metro Manila, as the center of trade, offers a thriving environment for driven professionals to train from the best, and in the long run, find the best careers locally or around the world. Baguio and other progressive cities like Cebu and Cagayan de Oro, just the same, can offer premium properties that match these cities’ top-tier environments. 

Cagayan de Oro (CDO) offers a location where a talented workforce can be found. This city blends suburban and city life which is perfectly suited for work-life balance amongst professionals. The Loop Towers by Vista residences, a ready for occupancy condo, is no doubt a sound investment.

Baguio can never be behind with its cold weather and competitive environment. Living in this city is a statement on its own and is traditionally sought after. Vista Residences prides itself on its very own Brenthill, another preselling condo nearby premium universities such as Brent International School, Saint-Louis University, University of the Cordilleras, and the University of Baguio—allowing the increase of demand, thus, having a property in this city would solidly appreciate over time. A desirable and strategic location is critically important to ensure that an investor can secure tenants easily.

Younger generations are highly educated regarding the time value for money, and condo living sets the bar. Although expensive, it saves a person a lot of time having to find grocery stores, laundromats, and parks nearby. Apart from that, condo unit owners might prefer to save time and money by choosing a developer that makes sure the gym is included in the building amenities.

Residential properties command high value when they allow access to lifestyle, business hubs, academic centers, and even religious places. Being closely located in populated areas, and infrastructures cause values to increase. 

Even agricultural properties’ value increase when the roads are developed, and irrigation is easily accessible. Facilitating efficiency in the food system or simply the ease of trade or transfer of crops and goods can largely increase a property’s value. Just like agricultural properties, the more convenience a condo offers, the more likely it is viewed as a sound investment.

Investors take advantage of the deals that real estate developers offer, prices of condos might have decreased since students and workers had to go back to their homes in other parts of the country. The eventual return of the usual foot traffic will boost the value of a buyer’s investment.

Building and Condo Unit Design

Yes, you read it right. Condo design improvements spur appreciation. A well-furnished space, equipped with state-of-the-art appliances will benefit an owner in case yielding rental income is the main goal. It will be easier to justify the price once the space is maximized, and the furniture is of high quality.

A great design can immediately attract serious buyers as it is easily considered a factor in making sure the place a person considers buying is worth the money. Moreover, when a building has function rooms, gyms, pools, and gardens. Of course, renters and their guests are welcomed by game rooms and lounges for indoor hangout. Well, if not indoors, mid-rise buildings by Vista Residences have manicured rooftops with its patio furniture and barbecue grills. 

In case they’re tired of conversations by the rooftop, pools are heated and well-maintained by the building’s management—dips don’t hurt. A project’s design should aim to deliver comfort at all times.

Remember, if a condo screams beauty and function, while the chosen unit has a balcony that serves as a happy place when the sun rises and sets—real estate appreciation becomes apparent.

Quality of Development

A property’s source of appreciation lies in its potential to be purchased by developers. This is where government projects play a great role. Business and lifestyle hubs emerge once the government or major businesses create an environment that attracts higher foot traffic and creates jobs.

Vista residences’ preselling condominium, Suarez Residences is in Cebu—apparently, this attracts a strong workforce, SMEs, and big businesses to put up their branches. This high-rise tower is near Cebu Provincial Capitol.

The newly built Cebu-Cordova Link Expressway boosts the already-astounding tourist and investment magnet city it already is. As the oldest city in the Philippines, Cebu offers more domestic air and sea linkages—being the main travel gateway, it is indeed business-friendly, especially for investment savvy people.

The likelihood of property depreciation is highly unlikely because neighborhood decay is impossible in major cities of the Philippines as these are affordable places to travel and even retire to. In fact, foreign people might fall in love with the beaches, mountains, and of course, its hospitable people. Condo living is suitable for young professionals, students, retirees, or even an empty nester seeking refuge in a place of convenience. 

Condominium projects are usually desirable as they are often built near retail centers, schools, and commercial offices. It’s demanding even more sales for the industry when these properties are near major banks, hospitals, and of course, airports or piers. Because many people buy condos as a working investment, with Vista Leasing Group, buyers no longer need to worry about employing people to manage leases. Buyers can feel at ease by investing and letting the company manage the marketing and administrative side.

Real estate developer’s track record and reputation

The steady increase in the value of a condominium property is supported by excellent quality produced by reliable real estate developersWith the facilities mentioned comes a trusted developer that would ensure association fees are well-spent on building maintenance—yielding property appreciation even within decades of ownership. Looking into excellent developers equates to a higher likelihood of fair resale value.

Buyers make wise decisions by digging into a developer’s record to find out any undelivered promise, late project turnover, and reviews from current homeowners—giving information about telltale signs that property appreciation is not so likely.

Vista Residences offers top-tier properties around the Philippines to assure past, current, and future buyers that the vertical dwellings are breathing investments and aides to wealth creation.

Supply and Demand

Apparently, this economic principle affects real estate as well. High demand for a good such as a condominium property causes the rise of prices, whilst a large supply with not enough demand from buyers makes the prices plummet. An investment survives a downturn when a buyer considers this factor towards deciding.

Analysis of demand and supply allows buyers to understand whether an investment can withstand downturns in the long run. High demand is a consequence of lots of attractive factors that are not only brought by marketing strategies but also, quality of projects and services.

The Overall Economy

The state of a country’s economy influences the real estate market at a given period. High demand for property investments happens in a country with healthy economic growth as people can afford to make big purchases just like real estate.

On the other hand, a major economic downturn affects the labor market, and thus people’s purchasing power. The pandemic did not only bring panic to people but also flooded the market with foreclosed properties—causing real estate property prices to fall. A country like the Philippines will always rise above these downturns just as the pandemic. The government projects focused on building major infrastructures that attract more investors to eye at other parts of the country.

These are answers to why real state properties still appreciate. Assurance of property appreciation is apparent due to strategic locations with a reputable company that has been offering. The buildings’ amenities are designed to cater to the multifaceted interests of clients around the world. They are skillfully engineered next to premium universities and multinational companies.

The team is available round-the-clock for questions, crises, repairs, and maintenance. This feature allows the ease of leasing without having to connect with skilled workers, cleaners, and make calls about questions on contracts. At the same time, despite the wide array of choices, this service stands out from the rest of the developers around the country.

Luckily, Vista Residences allows buyers the ease of having access to virtual tours, e-catalogs, and social media channels. These additional features to the website show the value of time efficiency and safety. Property reservations can also be done online by buyers from the comforts of their homes. 

If an investor is not big on putting money on stocks, foreign exchange, etc., low volatility of real estate is an advantage while its steady increase in value is undoubtedly astonishing. If remote management of a tangible investment is being looked into, choosing the right developer is a must. Wealth creation is easier when properties are strategically chosen despite an economy-crippling pandemic just like COVID-19. Pretty soon all wise investors who tagged along with Vista Residences will nod their heads for making the right choice.

The website is available for clients’ convenience, with highly-trained professionals to answer queries. Real estate agents are also reachable to help clients weigh their investment options.

If you are thinking of investing in a condominium, check out the top-tier condominium properties of 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.   

At Vista Residences, unit owners can take advantage of the property’s centrality. The properties of Vista Residences are strategically located near the country’s premium universities and CBDs, making them an attractive investment for both local and foreign investors.

Living in Vista Residences enables you to enjoy convenience, where everything is pretty much within walking distance or a few minutes away from the property; comfort because the project features and amenities are designed to deliver comfort at all times, which makes condo living a worthy investment; security that is 24/7 and CCTV monitoring, which makes the residents safe and secure within the property.

In line with Vista Residences’ thrust to offer convenience among its residents, it also features an AllDay Convenience Store and Coffee Project in all its projects.

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.

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