Diversifying your investment portfolio is a key to making it big in the real estate business. Buying a property for sale in Cebu can be a good move if you want to own something outside Manila.
Cebu’s thriving economy means a bustling real estate market. You can take advantage of a lot of opportunities in the second largest region in the Philippines. Check out a property for sale in Cebu that will give you the highest returns on your investment. From condos to luxury lots in gated subdivisions complete with majestic views, there is something for every investment goal and budget.
According to Colliers International, there has been a constant increase in the number of people who buy residential units in Cebu since the start of 2016. Condominium properties continue to be built, and more properties are becoming available in the coming years in anticipation of the continued real estate boom.
Beachfront properties remain extremely popular. After all, Cebu is known for its beautiful beaches and warm waters. You can buy a beachfront property for sale in Cebu to build a resort on it. Another option is to make minimum improvements on the land and sell it to the highest bidder for a profit. You can also simply hold on to the property wait for the best time to resell it at a much higher price.
There are also plenty of opportunities in the Cebu main business district. As you go nearer to the main financial arteries, prices go higher, too. Make sure to evaluate the surrounding environment and check the average cost of land per unit area. You should also assess the pricing of permits, real estate taxes, and potential tenants or buyers for the particular house or condo that you want to invest in.
About the Author:
This article is written by Aakanksha Sangtani, working as an International Business Analyst at Housal Inc., is an online platform for real estate, addresses the unfulfilled needs by harnessing technology and bringing all-related solutions under one roof. For buyers, tenants, sellers, brokers, agencies or developers, it encompasses all their answers from property matching, listings, management, analytics and much more. Housal Inc. is the evolution of the real estate process – empowering the real estate industry for the future.