If you’re thinking of investing in real estate, now’s the time to do so. The Philippine real estate market is booming, with condominium units and detached homes sold left and right. The Philippine economy posted a 6.7 percent GDP growth in 2017, paving the way for the real estate sector to flourish.
One other factor that drives the growth of the Philippine real estate market is the housing needs of business process outsourcing employees. As more foreign companies subcontract staff from the country, the demand for employee housing and office space grows. This is a factor you should consider if you’re planning on investing in real estate.
Where should you invest next? Listed below are some of the real estate hotspots in the Philippines today.
Clark City, Pampanga
PropertyAccess Philippines says that from its former not-so-ideal reputation, Clark is now the country’s fastest emerging metropolis. Clark’s condition is far from Metro Manila’s overcrowded highways, but it has seen a rise in shopping malls, hotels, and other establishments. The Clark Freeport and Special Economic Zone’s BPO industry is also booming, making it a prime place for real estate investment.
As the largest city in Metro Manila and the country’s second most prosperous city after Makati, Quezon City is a prime place for real estate investment. The World Bank called it “the center of gravity of all commercial activities in the coming years,” and the city offers countless opportunities.
Bonifacio Global City, Taguig
Bonifacio Global City is a growing competitive financial district. It’s also a favorite place to unwind, with its many open spaces interspersed with commercial centers and residential properties. The city’s well-planned landscape makes it an attractive area for businesses and individuals looking for spaces to rent.
When investing in real estate, it’s important to remember that location is a priority. A bustling business district perfectly balanced with natural spaces makes for good real estate investment.