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Houses Within the Philippines: Real Estate and the Way It Can Help The Overall Economy
The Philippines has weathered the economic disaster of 2008 and 2009 quite well. With the region’s economic system steadily on the rise in 2010, the Philippines real estate industry is growing, too. Nowadays, real-estate developers have been busy constructing houses and apartments. We are seeing an expansion of high-rise condo properties and commercial buildings.
Developers are aware of the value of location, so they would most likely build these houses and apartments near departmental stores and transportation areas. Houses in Manila cost more than houses in the surrounding areas and accumulate in value over time if well-maintained. However, these properties and apartments are usually not limited to Metro Manila only, but they are also in adjacent areas such as Bulacan, Rizal, and Cavite. Rows upon rows of houses are now in place instead of rice fields.
The appeal of Manila is that it is one of the most cosmopolitan places in Asia and there are parts still needing to be developed. The real estate business has targeted OFWs and expatriates living in the Philippines. The OFWs, making use of their remittances and savings, sustain this country’s economy plus they make up the bulk of people today purchasing houses in the metro. A likely scene among OFWs; they would return home and buy a new house for investment then lease to other people. The result will be extra earnings for them and their own families.
Real estate developers pride themselves with the quality of the houses in Manila. They follow rigid construction regulations placed by the government, and potential buyers cantake advantage of loan packages from the government. Real estate developers offer flexible repayment terms and low prices for these properties. The vast majority of great houses and apartments in Manila are typically in villages. These types of villages have round-the-clock security for the safety of property owners.
The cost of living in Manila is relatively more affordable compared to other major Asian cities like Tokyo and Hong Kong. In Manila, possible homeowners can buy a house which costs a million pesos while renting apartments in Manila costs even less. Folks are generally attracted to renting an apartment mainly because it is more affordable than owning a house. It might be as low as 65,000 pesos per month or more.
Renting is also more flexible when compared with owning a house. Renters can also choose if they would want to rent a studio-type apartment, orchoose from one-, two-, or even three-bedroom apartments. A few even have the benefit of being fully-furnished and parking space for tenants who have their own cars.
The Philippines real estate expansion has made the purchase of a house cheaper and easier. People hoping to reside in the area can have their choice of homes or apartments in Manila. This year continues to be a great year for real estate developers and also for home buyers. Everyone is excited for the coming years to be much better for property expansion.
Allen Rodrigo is a real-estate expert who knows a whole lot about Philippines real estate. To find out more, and to get your household or work place options, visit ManilaEstates.com right now.
Lafarge shareholders ok name change
Lafarge shareholders ok name change
MANILA, Philippines – Shareholders of Lafarge Republic Inc. Friday approved the change in name of the company to Republic Cement and Building Materials Inc. The company called a special stockholders' meeting Friday to approve the new name as well …
Read more on Philippine Star
NSW power sale: Philippines utility expels Chinese experts
NSW power sale: Philippines utility expels Chinese experts
Insurance · Infrastructure · Health · Construction · Tourism · Manufacturing · Agriculture · Environmental Services · Sport · Gambling · Markets More. Equity Markets · Debt Markets · Currencies · Commodities · Derivatives · Market Data · Street Talk …
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Novotel Suites to rise in Manila
Novotel Suites to rise in Manila
MANILA, Philippines – Following the success of its first five residential towers at Acqua Private Residences, Century Properties further pushes the envelope in the local real estate scene by introducing a unique development for its sixth tower within …
Read more on Philippine Star
The Importance of a Real Estate Agent
Buying our own house is really the best achievement we could ever had in our lives. But there are things that we need to avoid when we are planning to buy our dream house for we will never have any problem while on the process of buying our future property. The things that you should avoid when buying are mostly mistakes done by first time buyers that is why in this article you will be aware on the things that should not be done.
1. Purchasing other major stuffs. If you are planning to purchase your own house and lot it is advised that you avoid purchasing any other major purchases like car to avoid problem. Be sure that you will not have another major purchase unless you are done in your mortgage. You will have a big problem in paying every purchase you will have especially if you need to pay them from the same date. Purchasing of other major stuffs before and after purchasing your dream home is not advisable.
2. Signing without thorough understanding. There are times that we are just signing documents that we don’t do some review on it or even without reading it. There are a lot of cases that people are surprised on the results made without reading the documents they’ve signed. You will definitely have a big problem as you sign without reading or even without thorough understanding the documents. You need to be aware on all the total fees that you are going to pay which are mostly included on the documents that need your signature. Better understanding is a must in every document that you are going to sign to avoid such problems.
3. Major repairs. It is always advisable that whenever a person wants to buy a property thorough inspection is needed before purchasing that way you can avoid major repairs. Every single detail and part of the house should be inspected before turning over happened. You will avoid such problem and major expenses if there is inspection done in the place. Once the place is not yet turned over to the owner everything that needs to be repaired in the place will be in the cost of the management and not to the owner that is why it is really advised that you will inspect the place first before you move in.
4. Job changes. It is not advised that you are going to change your job while in the process of buying a property. There are times that employment history is needed as one of the requirements of buying house and lot and other properties, most of the time they are after for a long-term employment working histories. You need to avoid changing your job especially if it will badly affect your financial situation so that you will not experience any terrible situation.
Problems will be avoided once you avoid doing such mistakes like the things mentioned above. You will never have any problem whenever you are going to buy your own place to live in. You need to make sure that you are not going to do any of the following while on the process of buying the property.
Frank Rizal is from DMCI Homes who mainly sells homes in the Philippines and real estate properties. Frank is now currently part of DMCI Homes Leasing Services team who offers apartment for rent and condo for rent in the Philippines.
Trump hits Carson over stabbing story, talks about hosting 'SNL'
Trump hits Carson over stabbing story, talks about hosting 'SNL'
Washington (CNN) — Donald Trump said Sunday (Monday, November 9 PHT) that he remains alarmed by Ben Carson's claims of having a violent temper as a youth, but the real estate mogul said he doesn't know if his Republican presidential rival has been …
Read more on CNN
Learning More About Condominiums in the Philippines
Condominiums are considered today as some of the best types of modern housings in the Philippines. Although widely spread all over the country, there are still a number of things that many Filipinos still doesn’t know about condominiums, such as the agreement of its type of ownership and other important information about condominiums.
What is a Condominium?
Condominiums are any type of housing, may it be an apartment or a house, in which an individual or group of people owns a unit or a house while other facilities found in the condominium are jointly owned. Other than just a name of a type of housing, condominium is also a type of housing tenure, or a type of ownership.
According to Philippine real estate experts, condominiums and apartment buildings are similar with each other in terms of physical form. Like apartment buildings, condominiums are mostly found in business and commercial districts. And like apartment buildings, condominiums are also made up of a high-rising building. The difference, however, is with its housing tenure or ownership in which apartment units are normally rented while condominiums are owned individually.
Condo Fees
Another difference of condominiums from any other types of housings in the Philippines is the condo fees. These fees are separate from the monthly bills that residents have to pay, in which they fees are used internally. According to Filipinos, these condo fees are used for the maintenance of their condominium, as well as wages for its maintenance and security personnel.
Although considered as a disadvantage, particularly because most condo fees are expensive, these are necessary to maintain the integrity of their condominium, such as its cleanliness, as well as its security.
Amenities
What made condominiums stand out in the market, compared to other similar types of modern housings in the Philippines, is its collection of amenities. Compared to apartment buildings and townhouses, condominiums are the only types of modern housings that offer amenities to their residents.
Most condominiums are known to offer their residents with amenities that they can freely and exclusively enjoy. Many Philippine real estate experts have said that most of the older condominiums offer gyms as their amenities, while some of the new condominiums are known to offer amenities such as an indoor swimming pool as well as a full-size sports complex.
Diversity
Another reason why condominiums became popular is because of its diversity. Similar to townhouses, condominiums are not only found in business and commercial districts, there are also a number of condominiums found in the outskirts or even in the provinces.
These types of residential Philippine real estate are known as condominium complexes and these types of condominiums normally aims to offer housing for modern Filipino families because of its family-oriented environment as well as facilities that accommodates the needs of a growing child such as recreational parks and playgrounds.For more information visit to our site at http://www.avidaland.com
Samuel Caballero is a business entrepreneur from Davao City Philippines.He’s now based in California and writes in his spare time for various articles including avidaland.com
Why Makati remains a prime real estate spot
Why Makati remains a prime real estate spot
MANILA, Philippines – For real estate investors, the appeal of Makati's Central Business District needs no explanation. “It's the address if you want to establish yourself,” says Jan Custodio, Head of CBRE Philippines' Global Research & Consultancy Group.
Read more on Rappler
Modern and Traditional Housing in the Philippines
One of the most popular types of housing in the Philippines today are condominiums. However, according to many Philippine real estate experts, though condominiums are some of the most popular types of housing in the Philippines, houses are still considered as one of the most in-demand types of housing in the Philippines. So what made condominiums popular and houses still in-demand in the Philippines?
Condominiums: Modern Housing for the Modern Filipino
According to many Philippine real estate experts, the main reason why condominiums became a very popular type of housing in the Philippines is because of its many benefits in which Filipinos have taken advantage of in today’s modern and fast-paced lifestyle. One of these benefits is with its accessibility to workplaces and entertainment districts.
Most condominiums are found in business and commercial districts. Because of its location, residents are given the luxury of living within walking distance and mass transit distance from their workplaces, which are rare in other types of housing, particularly with houses. It was because of this that condominiums rapidly gained its popularity in the market.
However, other than its location, condominiums are also known for its other benefits, such as its maintainability and security in which many of its residents have truly benefited from. Because of its own maintenance personnel, condominiums always maintain its luxurious look inside and out, from its hallways, lobbies, and stairways, to elevators, parking lots, and its cooling systems.
As for its security personnel, condominiums are known for its tight security, particularly because most of its residents are of high stature such as wealthy families as well as company executives. With its security, residents are assured of their safety.
These are some of the reasons why condominiums have become one of the most popular types of housing in the Philippines. However, most Filipinos are not as keen as others in living in condominiums, particularly because not all Filipinos can afford to buy a new condominium unit in these locations, which is why houses are still known as one of the most in-demand types of housing in the Philippines.
Houses: Traditional Houses for Traditional Filipinos
Though not as popular as condominiums, houses are still known as one of the most in-demand types of housing in the Philippines. This is because of its affordability compared to other types of housing, particularly condominiums.
Because not all Filipinos can afford to buy a condominium unit, many Filipinos opts to live in a house, even if they wanted to live in a condominium. However, not all houses are as disadvantageous as others may think. Though not found in similar locations such as condominium, these houses can still offer the accessibility in which Filipinos are looking for, particularly with the finishing of the LRT 1 and MRT extension.
According to many Philippine real estate experts, what truly made houses in-demand is because many Filipinos still believe that houses are the only types of housing suitable for a growing Filipino family, which is why houses are still in-demand in the market. For more information visit to our site at http://www.ayalalandpremier.com
Harry Dobell is a business entrepreneur from Florida.He’s now based in Cebu City and writes in her spare time for various articles including Ayalalandpremier.com.
Banks tighten standards for real estate loans
Banks tighten standards for real estate loans
MANILA, Philippines – Banks further tightened their lending standards for commercial real estate loans in the second quarter, a year after the Bangko Sentral ng Pilipinas (BSP) introduced stricter rules on bank's real estate exposure. Results of the …
Read more on Philippine Star
Real Estate Properties In Dubai
Dubai these days is mainly known for its property market and the mega construction projects that it hosts. Construction projects in Dubai have out classed construction any in the world, as not only these mega projects are unmatched and huge but also require massive man power, time and tremendous amount of funds to be completed. Some of the mega projects in Dubai include Burj Khalifa Palm Dubai, downtown Dubai, Dubai Marina, Arabian ranches and JLT Dubai. The Palm Dubai is one of the worlds most lavish, extravagant, and fabulous hotel and is located on the wonderland of Palm Jumeirah, a man-made island so big that it surprises its creator as well. Palm Dubai consists of around fourteen hundred spacious guest rooms, and more than One hundred and sixty suites. Every room and suite is a unique sophisticated and stylish design that gives the impression of subtle oceanic and Arabic influences, along with amazing scenes of the warm waters of the Arabian Gulf. Except for rooms and suites, The Palm Dubai offers a exceptional collection of super suites. Every super suite is equipped with extraordinary luxuries and modern features a combination of generous spaces, out class interiors and immaculate service.
The worlds largest constructed and fabricated marina, Dubai Marina is a district in the epic center of new Dubai, in Dubai, United Arab Emirates. Dubai Marina is perfectly positioned in the heart of latest Dubai close to the blurb centers of Sheikh Zayed Road and also the Business Bay. This self containing, metropolitan city on the surface of water is purposefully placed very close to some of the key landmarks of Dubai, like The Dubai Internet City, Knowledge Village and the Dubai Media City etc, and consists of number of tall rising buildings, well furnished apartments, villas and exceptional malls. Dubai Marina Apartments are a wonderful choice for people who are interested in a rental apartment for a few days, weeks or even months. These luxuriously furnished apartments blends the best of both sides, the exiting views of the sparkling marina as well as a high society atmosphere where you can accommodate guests, have business partnerships or just enjoy pleasant and comforting moments with your love ones as each Dubai Marina apartment is exclusive and unique in its design and architecture.
Another one of the fascinating real estate development is the JLT Dubai, the Jumeirah Lake Towers is considered to be the next generation of real estate properties in Dubai. Located between interchange five and six, close to the Sheikh Zayad road, opposite to Dubai Marina, JLT Dubai is a place with pleasant, peaceful, and harmonious lifestyle, away from the hectic routines of the daily life. The Jumeirah Lake Towers Dubai consists of eighty seven tall buildings; these tall, luxurious towers are designed in a spacious manner keeping all the necessary requirements in mind combining the cultural look and feel of the Arab world with the modern life style of the west. As it is located in the most spectacular Area of new Dubai, JLT Dubai is in close distance to some of the coolest spots in town.
Dubai real estate with Hamptons International. Rent, Buy or Sale UAE property (Dubai & Abu Dhabi) with us. Choose our finest rental property listings to meet your Dubai rent needs. Palm Dubai | Dubai Marina | JLT Dubai
Anya Resort and Residences seen as best option for upscale living
Anya Resort and Residences seen as best option for upscale living
Real estate developments remain a preferred investment option among Filipinos, reflecting the sustained vitality of the Philippine economy, and the stronger purchasing power among consumers. Residential projects located in leisure destinations outside …
Read more on Inquirer.net
Various Manila Real Estate Choices
Manila real estate surely will continue to expand. You can find many building projects in Makati and additional areas of the metropolis. The outsourced work sector in the Philippines is partially the reason for this development. Some customer call center companies want to have their own building because they can suit its specs to their particular reasons. Some other companies want to rent an office in Manila, mainly because this is more affordable than the construction of a property. It likewise implies satisfying a lesser number of conditions, as a business is not going to have to obtain a building license. You can find many places in metropolitan Manila that offer excellent workplaces.
The most important companies in the nation are situated in the city of Makati. In fact, you can find a few who actually have developed their own building here, contributing to the list of excellent Manila real estate. The main offices of many key corporations are established here. Without a doubt, its popularity as the Wall Street of the Philippines has made a huge impact on investors, and the existence of the Philippine Stock Exchange only boosts the profile of Makati. Any kind of office in Manila located in this particular area is still thought to be stylish and prestigious.
Nevertheless, Makati is not the single source of business in the Philippines these days. You can find many surrounding locations catching up to its revered standing as the fiscal center of the country. In reality, all around the primary metropolitan vicinity of Manila, you can find a number of areas that can stake a claim for this standing.
Firms who are aiming to rent in Manila real estate will see the Fort Bonifacio Global City to be a great option for their needs. The primary business community of the area includes a variety of Class A and Class B business office buildings, which are great for BPO and IT companies. It is an increasing upscale area, and it is set to become the upcoming financial center of the nation.
Yet another very good option for an office in Manila is the Alabang area. Like Fort Bonifacio, Alabang provides some fantastic office space. It is also home to many of the premier models of Manila real estate, with upper-class villages such as Hillsborough, Ayala Alabang, and Alabang Hills. You can find many schools and professional institutions in the location, which makes it the perfect place to work and to raise a family at the same time.
Eastwood City in Libis likewise provides many of the finest business office buildings in Manila real estate. Many of the most notable Manila office buildings, like Citibank Square, Cyber One, and the IBM Plaza, are located here. These buildings have the most contemporary technical commercial infrastructure offered, and companies who wish to rent in Manila must have a look at this location. Contributing to the attractiveness of this place is the land’s first IT park, the Eastwood City Cyber Park, which is perfect for companies specializing in BPO and other IT-relevant endeavors.
Many of the very best office buildings are located in Ortigas. You can find many choices for office space in the community, and any firm planning to enhance its market reputation can be assured of a few of the finest Manila real estate for offices here. The Ortigas Center is an ideal place for your business to be, and it has the most desirable features offered. The professional institutions in the area can include the EDSA Shangri-La Plaza, SM Megamall, the Podium, and Robinson’s Galleria. This specific area holds plenty of potential as the upcoming premier spot for an office in Manila. A Manila office is not too challenging to come across. You can find many areas in the metropolis which can serve your wants. Starting your company in any one of these areas helps generate earnings, showing you much more choices and much more opportunities for development.
Michelle Rodriquez is a real estate professional with plenty of knowledge in Philippines Real Estate. To learn more, check out ManilaEstates.com to get more now regarding the workplace possibilities for sale in Manila.
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Consumer loans up 19% in June
Consumer loans up 19% in June
MANILA, Philippines – Consumer loans extended by Philippine banks jumped 19.3 percent in the first six months on the back of the strong demand for auto and real estate loans, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Data released by …
Read more on Philippine Star
Condominiums and Apartments in the Philippines
There are two popular types of modern housings found in business and commercial districts today, these are condominiums and apartment buildings. Although condominiums were only recently introduced, it had quickly gained a lot of popularity which had later outpaced apartment buildings in terms of demand.
However, apartments in today’s modern trends had started to gain more popular compared to condominiums due to the many new benefits that these types of modern residential real estate in the Philippines can offer. So which of these types of housings can be considered as the best type of modern housing in today’s modern competitions?
Rising Condominium
Although there are many other types of condominiums available in the market today, such as condominium complexes which are mostly found in the outskirts of Metro Manila, condominiums were first established in the Philippines as a type of modern housing for Filipinos seeking to live in a home within walking distance from their workplaces.
Because of its location, many Filipinos steadily moved from living in an apartment unit to a condominium unit. However, other than condominiums, apartments are also known to offer the same luxury of accessibility that these modern types of housings are known for.
According to many experts, other than its accessibility, there are also other reasons why condominiums had gained a lot of popularity in the Philippine market, even shadowing that of apartment buildings. This is because condominiums are the only types of residential Philippine properties in business and commercial districts that can offer facilities such as swimming pools, gyms, and sports complexes.
It was because of these amenities that made condominiums as some of the most popular types of housings in the Philippines today. However, even though condominiums had gained a lot of popularity in the Philippine market, apartment buildings are still known for its popularity as well as its demand in the market, particularly because these types of housings are known for its affordability compared to condominiums.
Return of Apartments
Since condominiums had dominated the modern market, apartment buildings had gradually lost its popularity and demand in the market. Today, however, apartment buildings had now become even more popular compared to what it was in the past, this is when new apartment units were introduced in the market.
Part of what made apartment buildings popular in the Philippine market is because of its affordability compared to other types of modern housings in the country. It was because of this that allowed apartment buildings to strive in the market. However, other than that, there are also other reasons why apartment buildings had gained a lot of popularity in the Philippine market. This is because of their new apartment units known as the one/two/three bedroom apartments which allowed more Filipinos to live in an apartment with their growing family. For more information visit to our site at http://www.alveoland.com.ph/
Elizabeth Williams is a business entrepreneur from Massachusetts.She’s now based in Manila and writes in her spare time for various articles including alveoland.com.ph
Discover a World-Class Destination Through a World-Class Brand
Discover a World-Class Destination Through a World-Class Brand
International travelers and investors alike are beginning to discover Boracay Island in the Philippines, an idyllic jewel of an island with white powder beaches and gorgeous scenery that is home to the world's best wind and kite-surfing. … renovation …
Read more on Property Wire
Advantages of Condominiums in the Philippines
One of the most popular types of housing today according to many Filipinos are condominiums. There are many reasons as to why this is, but many Filipinos have said that the main reason why condominiums became popular, as well as modern for many Filipinos in today’s modern trends, is because of its location.
Condominiums in the Philippines
These types of residential Philippine real estate are normally found in businesses and commercial districts which are unlike other types of housing in the Philippines like the typical houses. Because of its location, many Filipinos found these types of housing suitable for their needs.
In today’s modern trends, many Filipinos have been looking for a type of housing which they can easily and conveniently access from their work. This fast-paced lifestyle is usually because of the nature of their work, which requires them to work around the clock. This is the reason why a type of housing in which they can easily retreat to is suitable for their needs. This is why condominiums gained a lot of popularity in the market.
Because most condominiums are found in businesses and commercial districts, residents were given the luxury not only for its living space, but also the luxury of living within walking distance or mass transit distance from the workplaces, which is an advantage rarely found in other types of housing in the country. And because of these benefits, condominiums rapidly became popular and were eventually considered a modern type of residential Philippine real estate.
Other Popular and Modern Condominiums
However, other than those condominiums found in the city, a number of new types of condominiums were also introduced in the Philippines. The difference of these new types of condominiums compared to those found in business and commercial districts is its location, which is mostly found in the outskirts or even in the provinces. These new types of condominiums are known as condominium complexes.
Although not as beneficial compared to condominiums in the city in terms of accessibility to workplaces as well as popular entertainment districts such as malls and parks, condominium complexes do possess a number of advantages compared to living in a condo unit in the city. And this is also because of its location.
Because condominium complexes are mostly found in the outskirts or the provinces, away from the city, many residents may find these types of residential Philippine real estate to be suitable for their needs in terms of peace and quiet. Because of its environment, many Filipinos have also found these types of condominiums suitable for their growing family, particularly for their growing children.
However, what made these types of housing more popular and modern is because of its amenities such as swimming pools, gyms, recreational parks, playgrounds, as well as a full-sized sports complex complete with basketball courts, volleyball courts, tennis and badminton courts.For more information visit to our site at http://www.ayalalandpremier.com
Harry Dobell is a business entrepreneur from Florida.He’s now based in Cebu City and writes in her spare time for various articles including Ayalalandpremier.com.
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JA Solar finalises 92.5-MW module delivery for Philippine project
JA Solar finalises 92.5-MW module delivery for Philippine project
It was reported in June that local real estate firm Gregorio Araneta Inc was initiating construction of a 100-MW solar farm in Cadiz City. "The module shipments for the solar project in Cadiz City mark JA Solar's first entry into the Philippine market …
Read more on SeeNews Renewables
First Gen, Lopez Group rebuilding more schools
First Gen, Lopez Group rebuilding more schools
Rockwell Land is acknowledged as the country's foremost developer of luxurious real estate projects. First Balfour is the Lopez Group company … FPH subsidiary First Philippine Industrial Park Inc., owner of the premiere 457-hectare industrial estate …
Read more on The Standard (press release)
Helpful Ideas for Renting or Acquiring Residential properties in the Philippines Real Estate Market
One has unlimited options when seeking residential properties in Philippines real estate listings. Metro Manila is such a huge place jam-packed with apartments, houses, and condominiums, surrounded with commercial and entertainment centers. Getting a house to reside in can occasionally be confusing, especially when you aren’t accustomed with the place. That’s exactly why it really is necessary to consider your options meticulously before making that huge decision.
There are several factors that needs to be taken into consideration when searching for household properties in Manila. Primarily, one has to think of his preferred location or area. This will enormously be based upon where you conduct your business or go to work. You will also want easy access to areas like hospitals, schools, and public transport terminals. You will need to hunt for houses in Manila that are nearby all these basic areas so you can avoid potential inconveniences. You should also consider your livelihood pursuits. If your job or company is centered on Quezon City, leasing or buying an apartment in Makati is simply unreasonable and will be very inconvenient as well. As in any other country, location is really the ultimate deciding aspect when it comes to the world of Philippines real estate.
Only upon choosing a city should you make up your mind whether to rent in Manila or acquire your own household property. It is usually costly to possess a property that’s located in top cities like Makati and Ortigas. The large demand for houses in Manila found within these areas renders it just about improbable to acquire one. This is mostly the factor why lots of young employees and middle-class families believe that it is realistic to rent a house or apartment instead. Still, you will find less expensive choices in the Philippines real estate market. High-rise residence units are actually a feasible option for many young employees and people in the middle-class. Obtaining a condominium is much cheaper and property developers ensure it is an even more appealing option for buyers by presenting quite flexible monthly payment terms.
Deciding to live in the many different houses in Manila also has some benefits as compared to condo or apartment living. The spatial freedom and comfort a real house provides may not be attained in smaller high-rise residential apartments. A house, primarily one that’s confined inside a private village or subdivision, is usually extremely expensive to own or rent in Manila. Nevertheless, the numerous rewards of being in private subdivisions like Bel Air and Dasmarinas Village in Makati and Green Meadows and Valle Verde in Pasig are obvious. These private villages have first class facilities, something which some other areas do not have.
With plenty of options in the Philippines real estate market, your final decision will most probably be influenced by two major conditions: budget and location. Regardless if it’s a house in Manila or an apartment for rent on its outskirts, ensure that you are making the correct decision structured on your own individual requirements and needs.
Jeremiah Carter is an expert analyst of the Philippines real estate industry. For additional information and guidance, visit ManilaEstates.com.