7 Reasons Why 2015 Is a Great Time to Invest in Real Estate Cebu, Philippines

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

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