The Philippines is one of the eight most populated countries in Asia, with around 106 million citizens, according to the 2020 estimate. It is an archipelago with a rich history that dates back to the pre-colonial period. Before the arrival of the Spaniards, bahay kubo was the traditional home of Filipinos, which later developed into bahay na bato. Now, the country is adorned with high-rise condominiums, modern mansions, and countless apartment complexes to accommodate the increasing population.
Real estate is an investment vehicle that offers a healthy return of investment. And houses? Even more so. This is because real estate is a finite resource. This is one of the reasons why the adage “safe as houses” holds very true in real estate.
The Philippines is home to commercial hubs such as Makati, Quezon City, and Mandaluyong. Most of the popular establishments that are recognized worldwide are located within Metro Manila. The renowned educational institutions, shopping malls, and hospitals situated in the Philippines are included in its identity that sets it apart.
Here are the renowned educational institutions located in the Philippines:
University of the Philippines
Ateneo de Manila University
De La Salle University
University of Santo Tomas
University of San Carlos
These are the shopping malls you can visit in the Philippines:
SM Mall of Asia
SM North Edsa
You can receive quality healthcare from the following hospitals:
St. Luke’s Medical Center
Makati Medical Center
Philippine General Hospital
Manila Doctor’s Hospital
Cardinal Santos Medical Center
The Medical Citys
The prices of houses for sale in the Philippines are determined by location, amenities, condition, and accessibility. Generally, houses in the Philippines are priced affordably compared to other Asian countries like Singapore, Japan, and Korea. You can purchase a home in the Philippines priced from PhP 840,000 to PhP 175 million.
You should purchase a house in the Philippines to take advantage of the lower pricing of properties. This allows you to become a homeowner in a country full of beautiful beaches and mountainous areas. You can explore the country better and live through its rich history and culture that stemmed from the Spanish colonial period.
Purchasing a house in the Philippines is an ideal investment because its the property’s market value will surely appreciate over time. Homeowners can convert their space into a vacation home for others to rent or as a transient home to provide a temporary living space for tourists.
Businesses can open up in strategic locations around the country to take advantage of the foot traffic in major cities. Since the Philippines is home to over 100 million citizens, there is always an opportunity to open a restaurant, shopping center, convenience store, and residential building.
If more businesses open, then there will be more career opportunities for workers from different industries. Opening a restaurant will require the owner to hire cooks, maintenance workers, and managers. Residential buildings that will be rented out to tenants will need a manager to accommodate tenants’ needs.
Before buying a property, you should check the location and its surrounding area. You should take a look at the weather conditions, flooding, and property safety to prevent problems in the future.
A condo in the Philippines is priced depending on its location, size, accessibility, amenities, and market value. The price can range from PhP 1 million to PhP 21.5 million.
To buy a land property in the Philippines, you need the following documents:
Notarized Deed of Absolute Sale
A duplicate copy of the Transfer Certificate of Title
Certified copies of your latest Tax Declaration
Tax Identification Number