Real estate investment in the Philippines is a great way for interested property buyers to earn big from condo leases and home rentals. With the rising interest in the condo market comes a need for expert advice and real estate information – which is why DMCI Homes is here to guide you through one of the best ways to find financial success for your upcoming condo investment.
One of the most effective and strategic ways to select a great condo investment option in the Philippines is to choose one based on its location. By pursuing properties that are situated near key destinations, you can reap the excellent financial benefits of high rental demand, property value appreciation, convenience, and more.
Prime condos near key locations like central business hubs, tourist areas, and transport centers can offer solid financial returns for you as a lessor, and convenient lifestyle benefits for your tenants and clients. Discover more of the unique advantages these places and areas can offer you when you check out this guide by DMCI Homes.
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Key destinations in Philippine real estate investing
When it comes to real estate investing, key destinations typically include places and areas located near important lifestyle services like central business districts, tourist attractions, shopping centers, schools, hospitals, and transportation hubs. A good condo investment should be situated near such critical areas for a better living experience for buyers and renters alike.
Some of the best examples of popular cities and provinces in the Philippines for such investments include:
- Metro Manila – With thriving business districts and bustling lifestyle centers like Makati, BGC, Ortigas, and more, Metro Manila is a highly ranked destination for condo investors. You can easily avail of pre-selling and rent-to-own DMCI Homes properties across the many cities contained within this National Capital Region.
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- Tagaytay – A great place for weekend trips and short vacations away from the metro, Tagaytay can easily appeal to short-term renters and guests looking for vacation homes amid cool weather and picturesque views of Taal Lake.
- Baguio – A vacation property can also appeal greatly to potential tenants or guests looking for short-term rentals , allowing them to live as the locals do in this beloved tourist town up north.
- Davao – Given this region’s rapid business and economic growth in Mindanao, Davao has become an attractive destination for potential buyers looking to pursue successful real estate investments in the provinces. Verdon Parc is the perfect property if you’re looking for a worthy investment in this city.
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- Cebu – This Central Visayas province’s status as a booming business hub and tourism hotspot also makes it a great choice for real estate purchases. Many developers are gearing up for Cebu’s economic expansion by offering great housing options for prospective buyers. If you’re looking to invest in a property within the area, our newest property Kalea Heights is the perfect place for you.
- Palawan – If you’ve been dreaming of a stay at one of the country’s most gorgeous island getaways, a short-term vacation rental in Palawan might just be the best place for you to rent a home or invest in your own property.
- Boracay – Want to buy a unit that you can rent out to tourists on a regular basis? Boracay’s popularity means you can easily earn from short-term rentals for frequent guests who are on the lookout for the perfect island home. Our property Alta Vista de Boracay offers condo hotel units that are available for purchase.
With these examples of great locations in mind, you can imagine the wide range of benefits that come with investing in such key destinations. Check out the next section of this guide to see an extensive list of perks to purchasing these kinds of properties in these beloved locations across the Philippines.
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Benefits of investing in real estate near key destinations
There are tons of excellent benefits to investing in real estate near locations with great access to workplaces, malls, public transportation, schools, healthcare centers, and more. For prospective property owners like you, these perks can include:
- Strong rental demand and income potential – With properties located near key destinations like central business districts, schools, hospitals, shopping areas or tourist spots, you’ll experience greater demand for your rental that’ll also lead to you earning more from your condo unit.
- Convenience for residents – Residents will also find your properties way more appealing when they’re conveniently located near malls, entertainment centers, schools, hospitals, and even places of work. Easy access to such locations make for incredibly attractive condo lifestyles for your potential clients.
- Potential for property value appreciation – If you purchase and rent out a condo unit near a key destination, your property’s value will likely appreciate over time. As the area is developed more over the years due to investor interest, your real estate’s value will also increase, allowing you to earn more, succeed financially, and preserve your wealth in the future.
- Higher resale value – By buying a unit at a desirable location in the Philippines with great access to amenities, transport, and tourist attractions, you might be able to resell your unit at a higher value in the future, especially when your chosen area is more developed.
All these benefits increase the desirability of your property for prospective renters and buyers. With upcoming government infrastructure projects that increase accessibility, you’ll also find yourself reaping the benefits of choosing such prime destinations. Keep on reading to discover the new developments you can look forward to in the future.
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Government projects supporting your property investment
There are many government infrastructure projects going on across the country that will support the long-term success of your condo rental. For transportation, one exciting project is the LRT-1 Cavite Extension. This decades-long expansion of the iconic Metro Manila railway will stretch from Cavite to Parañaque, allowing commuters to quickly travel across multiple provinces and cities with ease.
Another exciting initiative is the expansion of the country’s economic zones. With three new zones declared by the Philippine Economic Zone Authority (PEZA), residents of key destinations like Cebu, Makati, and Batangas can expect more job opportunities and economic development in the near future. Investors can also expect an increase in value for properties in those areas as they grow in economic power.
As long as you pursue real estate in such strategic locations across the Philippines, you’ll reap the benefits of greater government support and better value for your investment. Of course, there are some risks you should consider when buying properties – so continue on to the next section to learn more about these potential challenges.
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Risks and considerations when buying properties
One possible investment pitfall you should watch out for when buying properties is the possible oversupply of condo units in popular areas and key destinations. If you end up purchasing a unit in a place with a heavily saturated rental market, you’re going to find it more difficult to find a tenant who is suited to your renter needs.
More popular areas may also equate to higher property costs, as they’re located near prime destinations like central business hubs, public transportation, schools, offices, and more. Remember to compare your real estate with other prospective options at the destination of your choice, to ensure you’re getting the best value for your investment.
Make an informed decision by researching the location, developer, and market trends in your area. This way, you’ll be able to rent out your property with ease and earn the most from your strategically located condo unit.
The best type of real estate: condos near key locations
A great way to pick the best type of real estate for your leasing needs is to choose a condo near key destinations. This property investment hack helps you narrow down the most ideal location for your rental unit, allowing you to reap the financial rewards of leasing out your property to both short-term and long-term tenants in the Philippines.
Let your knowledge of key locations be the answer to your most pressing real estate investment questions. Make sure to take these areas into consideration, and take advantage of the long-term returns these destinations offer for your leasing success.
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Key takeaways
Choose the best possible condo for your real estate investment success by narrowing down your options with key destinations across the country. Also, remember to bring these final tips and reminders away with you as you pursue property ownership opportunities in the Philippines:
- Don’t be afraid to go for properties in the provinces. There are tons of opportunities for real estate in the provinces, especially in locations with popular tourist spots and expansive economic growth. Don’t be afraid to invest in those areas, as they can be just as prosperous as Metro Manila in terms of earnings.
- Anticipate opportunities that’ll result in property appreciation. Keep an eye out for areas with exciting business and infrastructure developments as these may increase the area’s value in the future, leading to greater property appreciation too.
- Consult with real estate professionals to find the perfect condo. Need more advice on choosing the right location for your prospective condo purchase? Consult with the experts at DMCI Homes to make an informed decision for your next exciting investment opportunity.
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