Buying a Property in the Philippines

The whole country remained alert to the new coronavirus in February. The property market remains resilient, as the property market confronts the popular Tagaytay tourism destination following the eruption of the Taal and the panic at Metro Manila due to the SARS-COV-2 virus.

The effects of the pandemic can be seen in Metro Manila, where most people search property online. However, the interest in real estate is not only demonstrated by seekers from Quezon City, Makati, and Taguig. In terms of where most seekers come from in the first two months of 2020, property seekers in other regions, notably Cebu City and Davao City, are also in the top ten.

The property keeps its value regardless of whether it is a new or used pre-selling property. This is one of the best investments in this pandemic period.

About 3 years ago, we acquired a property in the CALABARZON area. Before buying this property, I carefully researched the location and pricing. My main objective is to buy a house and lot that is close to Manila Airport and to my parents’ house who’s living in Metro Manila.

houses

Things to consider when buying a property:

Budget

Location

Neighborhood

Proximity to hospitals and supermarket

Facilities

I want the location to be flood-free, right within my budget, has a good neighborhood, near the hospitals, and as well as the shopping malls and supermarkets. These are the considerations I always look for when buying a property.

If you want to know more if you can afford to buy a property with the salary you have at the moment, you may check this calculator to better understand your capability in acquiring a property, with this, you will not end up selling your property if you will not able to continue paying your mortgage.

mortgage calculator

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