Top 5 Reasons why Metro Manila is Best to Start Your Real Estate Portfolio
Investing in real estate is the perfect way to stabilise your portfolio, and where else to best start building it but Metro Manila. Ever since the Duterte administration took place, massive infrastructure plans was announced to the public. All the Build Build Build projects can be seen at http://www.build.gov.ph/Home/Project.
While these are still under construction, the public is clamoring for a more efficient and smoother day-to-day commute. An investor’s mind has only one word for these: OPPORTUNITY. Read on to see why.
#1 House for Sale Hot Spots
Metro Manila is home to the country’s many universities, schools, government offices, business districts, commercial districts, and more, making home ownership scarcer and scarcer by the year. As population grow each year, while land doesn’t, simple common sense will conclude price will undoubtedly increase.
#2 Up and Coming Condos For Rent
Buying a condo in any busy area is a smart move whether you are looking to live there or to rent it out. Condos within Metro Manila yields a good return compare to condos outside of it because either you are going to resale it or have it rented out, demand is not that much. With the amount of high-rise condominium developments popping up in Metro Manila, you can always join the wagon and jump right into it.
#3 Urban Development
Metro Manila is developing rapidly, especially in the southern cities. Real estate is booming as businesses, shopping districts, schools, and hospitals are developed. Condominium developments are looking to be huge in this area. It is the perfect spot to look for or set up a condo for rent. Furthermore thanks to the big time developers, crime-prone areas are continually decreasing. Several ghettoes have been totally modernized. One good example is the Agham road in Quezon City where it used to be infested by illegal settlers. Today it is called Vertis North and will be Quezon City’s as what Bonifacio Global city in Taguig.
#4 Travel & Infrastructure
With development for new expressways underway, Metro Manila is a great place to buy a house or rent a condo. Currently, the South Luzon Expressway goes through Muntinlupa and provides easy access to Parañaque, and the Manila-Cavite Expressway goes along the coast of Manila bay from Parañaque down to Cavite, with access to Las Piñas. Development for the Muntinlupa-Cavite Expressway is underway, connecting the Daang Hari Road with the South Luzon Expressway. The Laguna Lakeshore Expressway, running from Taguig to Calamba along the western shores of Laguna de Bay, and the Cavite–Laguna Expressway Project are also in progress. This will reduce congestion in the area, making commutes and travel easier.
Interest rate is at all time low, so take advantage of it! Two views on this: First as savings account, it is public knowledge that nobody earns good money putting it in the bank. Hence put it into good use. Second as loan, banks can lend you money for about 5% to 8% per annum. In today’s market you can earn 20% and beyond by flipping a property. Can this really be done? Absolutely! A popular Filipino who does this is known to be Manuel “El Subastahero” Alleje who engages in public speaking and sharing his wisdom to people who are interested to venture in flipping real properties.
In closing, there may be more reasons why Metro Manila is the place to start, but practically these cover almost the big picture every neophyte should know.