19 Nov Here’s Why You Should Invest in Properties in the Philippines
It goes without saying that if you want to achieve a wealthy status, you need to invest your hard-earned cash for an entrepreneurial venture, investment tools, or properties. Among the mentioned investment probabilities, most Filipinos gravitate towards the purchase of properties for future sales and maximize profits.
If you were to ask Filipinos all around the country, they’d say that real estate properties are attractive because of its tangible features. Other investment tools are filled with available resources and impressive analytics that some don’t have the time to assess. But, this doesn’t mean that investing in properties isn’t daunting. In fact, it can be the riskiest decision you’ll make in your life. However, this shouldn’t stop you from investing. If you’re still not convinced as to whether you should consider investing in properties in the Philippines, we compiled reasons that might persuade you to think twice.
Properties are for Long-term Success
Just like wine, properties that mature in time are the best when it comes to investment. If you’re looking for quick cash, investment on properties won’t do you good as you’ll feel compelled to sell it now out of urgency or necessity. If you want to capitalize on your investment, be prepared to hold it for a long time.
Constant Value Appreciation
Since the real estate scene in the Philippines is location-based, the value for properties continues to steadily rise as the years pass by. As experts would describe it, the Philippines’ real estate scene is resilient as ever.
The Rise of Philippine Online Gaming Operations
Unknown to some, the establishment of Philippine Online Gaming Operations (POGO) has affected the properties’ prices throughout its operations. Although the recent trend is concentrated in the areas of Pasay, Paranaque, Makati, Taguig and Las Piñas, there is no telling when this will decline. You can take advantage of this moment now and reap the rewards later on.
Quick Profit Opportunities
Lucky for those who have properties in and around the Central Business Districts, they can sell their property now and still gain a massive profit from the transaction. However, if you don’t want to sell it, you can engage in transient homestays or through Airbnb rentals that offer flexible income opportunities for you.
Low Supply of Properties
In recent research, there is a considerable margin between the demand and the market of properties in Metro Manila that would cater to new families and newly-weds. Before you start purchasing properties for investments, make sure to target a market like the ones mentioned for a consistent high-demand of real estate. You can have one-bedroom or two-bedroom units of condominium, multi-units of the apartment and other options suitable for starting families.
Value of Convenience and Proximity
In the bustling metropolis of Metro Manila, people are always on the lookout for properties that offer proximity and convenience for their work and to avoid the struggles of daily commute like the heat and the traffic. If you have a property that is at the forefront of these strategic locations, you’ll make a hefty sum of sale from your investment.
Affordable Financing Options
If you were to look at bank interest rates or financial institutions’ prevailing interest rates, you’d drop your jaw upon seeing how high it can be. You can opt for an easy-to-own program that your buyer can later utilize for affordable ownership.
It’s not enough to use this article as a basis for your decision. What you need is to go out and see the real estate situation by yourself. You can also read numerous resources online and talk to real estate experts for an objective evaluation. Always remember that investments work when an investor is willing to put in the effort of learning, patience, and time for his property to flourish.