Makati is one of the centers of economic activity in the Philippines. It is a hub booming with economic growth, and house and lot for sale at various prices.
Metro Manila, one of the defined metropolitan areas in the Philippines, comprises 16 key cities (and the municipality of Pateros) and serves as the seat of the Philippine government.
Magallanes is perhaps the most in-demand area when it comes to real estate, particularly house and lot for sale. The regions' confluence of business districts, lifestyle hubs, and government establishments has brought an influx of seekers interested in living in Magallanes to upgrade to a more cosmopolitan and dynamic lifestyle. The increase in demand for houses has also attracted developers and investors to cultivate and expand their reach in Magallanes and all over Metro Manila.
Originally a province from 1571 to 1859, Makati has been a center for trade and commerce during the Spanish Colonial Period. The Manila Galleon was the first known commercially trailed route that brought luxury goods and cultural exchanges to Spain for over 250 years.
Metro Manila was officially established on November 7, 1975, through Presidential Decree No. 824. The Metropolitan Manila Commission was created to manage the region now known as the National Capital Region. Metro Manila is composed of 16 cities and one municipality and is the epicenter of urban activity, educational institutions, entertainment hubs, and economic growth.
Being a center of investment, Magallanes, Makati remains to be a popular area for Houses. MyProperty's 2019 data revealed that nine out of ten most searched cities are from Metro Manila, namely Quezon City, Makati, the City of Manila, Pasig, Parañaque, Las Piñas, Taguig, Caloocan, and Muntinlupa.
Quezon City is the top searched city for 2019, showing that the city has a booming interest in homeownership. The city is home to many house and lot for sale that are close to shopping centers and business districts, and prime thoroughfares leading to investment and entertainment hubs close to Magallanes and to other cities in Metro Manila. Likewise, Quezon City is ideal for young professionals and starting families who want a house that fits their budget and lifestyle better.
Makati is also a hotspot for homes for sale due to its multitude of villages and gated communities that offer house and lot priced from the most budget-friendly to the most high-end. The city is most notable for housing the prime Makati Central Business District, a lifestyle and investment hub that offers all the modern conveniences of a metropolis. Although the Makati CBD is thronged with vertical developments, there are neighboring gated communities that offer premier houses for seekers wanting to upgrade to more spacious accommodations and to an upscale and dynamic lifestyle in Metro Manila.
Even southern cities such as Muntinlupa, Parañaque, and Las Piñas have a growing interest in Houses for sale in Magallanes, Makati. This could be due to the Magallanes's close proximity to investment hubs and commercial centers such as Pasay and Makati; future homeowners would like to live within a comfortable distance to Metro Manila and prime central business districts.
The growing interest in Magallanes may be due to the booming industrial and commercial sector in some of the next metro hotspots. The demand for house and lot for sale in Magallanes has encouraged investors and developers to cultivate Makati into livable communities that encompass comfort, leisure, sustainability, and the convenience of the metropolis.
There are houses for sale in Magallanes that range from the most budget-friendly to the most luxurious.
According to MyProperty's 2019 Average Price Data, the cheapest price for a house and lot in Metro Manila is Php 3 million and the most expensive would be around Php 250 million. This data shows that key cities in the metro such as Makati offer housing options that suit the most cost-efficient and the most expensive of budgets.
If you are looking for cost-efficient yet spacious and comfortable homes in Magallanes, there is a wide selection of subdivisions located in Makati that offer affordable house for sale.
Premier and more luxurious houses for sale are also available in high-end gated communities near Magallanes. These upscale neighborhoods have easy access to prime centers such as the Ortigas Center, Makati CBD, BGC, and other popular places in Metro Manila.