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.