7 Reasons Why 2015 Is a Great Time to Invest in Real Estate Cebu, Philippines
As we all know, Cebu, Philippines one of the
fastest growing economies in the Philippines and in Asia. In fact it is the
second City next to Manila where you can see great developments everywhere.
In 2013, despite of many calamities that came to
the country, the economy still increased in number. And on 2014 which is last
year only, developments became more aggressive. We can see many Commercial
Buildings begins to construct everywhere, Residential which are House and lot
Subdivisions, and Condominium also starts to rise. Other projects are already
finished and Real Estate Agents became large in number.
As one of the Real Estate Agent here in Cebu, I
witnessed the eagerness of the Investors, Companies, and people who can afford,
to invest in what we called Real Estate Business. They are hungry to buy
properties here because of the Return of Investment that they can get. In 2014
alone, we sold almost 1 Billion projects from different developers, both local
and international. These projects composed of House and lot and Condominiums
alone not including the Industrial, Agricultural, Commercial, Beach Resorts,
and other types of properties that we also sold.
I know that you've heard this already that now is best time to buy a
property in Cebu. Just to support the proposition, I will tell you 7 Reasons Why 2015 Is a Great
Time to Invest in Real Estate Cebu, Philippines so that you will not be left
behind in this wonderful opportunity that you can come up to.
1. Mortgage Interest Rates Are Still Low
As this Industry grows, Financial Industry also
benefited because people usually have a housing loan rather than paying it in
spot cash. So the result is that Banks and other Financial firms who offer housing
loans had a high competition and offer the lowest mortgage interest rates so
that the clients will prefer them. Please see Top 7 Banks who offer low interest rateson housing loans. So I hope that you will catch up these
wonderful timing to make a loan and own a property while you still can.
2. The Location Competition Gets Tougher
Developments are everywhere specially near the
City of Cebu. People prefer a location near the City because they can easily
travel to work, to school, to their businesses, and get their other needs and
wants in just couple of minutes. So the status right now is that House and lot
Subdivisions, and also Condominium projects in the City are the ones that get
bought easily “like a pancake” as they say. This is what happened and even more
competition on the Commercial Properties as well where the main buyers are
Investors, Businessman, and Companies or Corporation and City location is their
target. Some of them will create and Apartment, For Lease Buildings, Banks,
Hospitals, Pension House or Hotels, and many other more. We encountered many of
these people looking for a property like these but we weren't able to gave them
what they want simply because of lacking of these Commercial Properties.
Somehow,
on the residential types, there's still for you. So we advice everyone to think of this one and
see the great return on this. After this, I will discuss the great advantage
why buying a property in the City or near the City.
3.
High Demand On Rentals
Because of the growing economy, people from
provinces usually go to the big City primarily because of studies, work, and
businesses. In Cebu, our people here are from the other parts of Visayas like
Samar, Leyte, Bohol, and many others. Places in Mindanao also like Davao, and
many other came here for these reasons. The majority of them are students and employees
so they don't have yet the capacity to buy a property. So the main thing that
they do is to rent a room or an apartment maybe and they choose near the City
because of the reason that I already discussed to you a while ago.
So do you already see the opportunity waiting for
you? After this Real Estate Growth, rentals will be the main thing. So don't
wait for the day that there will no still available property for in in the
City.
4.
Real Estate
Prices Are Still Low
Because of the payment terms and the low-
interest rates that Financial firms gave, Real Estate Prices are still low. A
working couple can really afford to own a property. In fact House and lot and
Condominium projects are still low. As we said a while ago, developments are everywhere The good thing about that is that many developers are competing
with each other so the benefit of that is they gave low price as possible or a
very good payment terms to the clients in order to have an edge on the bloody
competition.
5. Good Re-Sale Market
Many people know that rentals is the only way to
create a profit in this industry, but that's not true. In fact buying and
selling of different types of properties is also good because we all know that
the price of the property will probably increase as the time goes by. For
example, you bought a Condo unit at a pre-selling stage, when the construction
is done, you automatically get around 20% increase in the whole price of the
unit. In that case alone, the profit is already there without doing anything. So
in that case, the target market for re-selling that property in foreigners. We
all know that Cebu is one of the Tourist Destination of many people around the
globe. Just to give you a hint, foreign people mostly bought a constructed
House or a Condo unit simply because they don't trust the developers if the
project will be finished if they bought in in a pre-selling stage. I can say
not all, but in my case, most of our foreign clients did that.
Other types of properties have also the same
game as those residential.
6.
Real Estate
is a Great Long-Term Investment
Real estate business is good, long-term investment as we all know. If you look forward 5
to 10 years, real estate will be valued much
higher than it was. And if you have tenants paying your mortgage, it makes the
investment that much more profitable.
7. Cebu Is A Livable Place
From tourist spots like beaches and falls, to great festival like Sinulog, to the friendly and fluent in English speaking Cebuanos, Cebu is likely to be the best City in the Visayas to live and retire. Plus the fresh air and tropical fruits that no one can resist, it is really a paradise that anyone will like to live.
Final Word
Thank you
very much for reading. I do hope that you enjoy it. If you already decided to
invest or have questions about it, we are happy and willing to give you the best answer we can give and
assist you with our full knowledge without hiding anything. We also value
relationship so it doesn't matter if you want to buy real estate to us or not,
we just want to hear you something and create friendship because we believe
that it is one of the best thing in life more than sales and property.
Want to buy or sell property?
We can help you with that.
We are selling all kinds of properties in Cebu and all over the Philippines.
We sell all kinds of properties worldwide.
Please do contact us at:
Manuel R. Gonzales Jr.
Property Consultant
Land Asia Realty and Development Corporation
Under License: 0001759
Email: realestateuniversal.cebuph@gmail.com
Direct: +639103721352 / +639155088440
Visit us at: http://realestatecebuph.weebly.com/
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