The Filipino population is growing and growing every year. With the 100 million population milestone having been reached from 2014, it only means that there more individuals which require a roof over their heads now than the years previously.
Although an average Filipino household can easily cramp as many people in the available space of the abode, it does not mean that it’s a comfortable setting for everybody. Newlyweds, especially, choose to live separately from either side of the family with the intent of exercising their autonomy as a newly-established unit of society.
It only gives the idea of how potentially lucrative the real estate business is in a country whose population—as well as its economy—is on a constant growth.
The premise about population spurt may more than enough justify the value of real estate in the county. But there are also other substantial reasons why doing so is logical for most entrepreneurs.
Property investment is steadfast against risks
You had probably already encountered the adage “safe as houses” which implies that something is completely safe and secure.
Taken literally, houses had always been considered a safe investment for money since time immemorial. Not only is there always the demand for a decent housing for each and every person, a house that is well taken care of increases in value over time. The house you built today could potentially be worth more in five or ten years from now.
An always useful and lucrative investment
Whether meant for personal use or as a means for profit, your own property can always be use for something meaningful. If you are a business-minded person who invests in properties for a profit, chance is good that you will end up leasing your real estate or even sell them for a bigger lump sum of money.
If choosing the renting route, you might not necessarily be getting the capital you have invested in acquiring the real estate fast enough in a short period of time. However, in the long-term, it will certainly reach to that point and subsequently produce you even more income which is essentially the primary benefit of renting.
Expats as target market
With factors which are considered generally favorable for most expatriates, the Philippines has become the hotspot for foreigners who are seeking better value for their money.
Not only is the cost of living in the Philippines significantly lower than its more developed counterparts elsewhere—especially in the west—this also implies that renting or owning a space in the land is not be as costly.
As expats themselves are people requiring roofs over their heads, a real estate business catered for these people is remunerative to say the least.
Favorable living conditions
With English as the country’s second language and with a weather condition that is generally fine for all, the Philippines offer favorable living conditions. Although sweltering heat is common, particularly during summer, this issue is now easily offset with the amenities which have become rife in the country.
Put in the context of real estate, good environmental conditions make the country a perfect choice for people who are looking to establish their own sanctuary.