The Endless Possibilities When Investing in Baguio’s Real Estate
- Baguio is classified as a highly-urbanized city based on the categories provided under Republic Act No. 7160 or simply the Local Government Code of 1991 as certified by the National Statistics Office. This means that Baguio has a growing business sector that includes industries, trade, commerce, and tourism.
- The latest 2010 census reveals that it is a home to 318, 676 people. If you check the trend of Baguio City’s population rate, it is growing rapidly due to the many local and international visitors every year. So it is expected that the need for real estate, especially condominiums and house and lot in Baguio City, is growing.
- It is the country’s Summer Capital. Ever since the country has been inhabited by Filipinos, Baguio is the only city that offers a cool climate throughout the year, a great escape from the hot and humid weather from the rest of the country. It is the only source for that cool, winter-like atmosphere. That is why Baguio will never run out of visitors.
- The city has a rich culture and history. It will never lose its substance. In fact, this is one of the top reasons why many foreign tourists go to Baguio. They do not only get to enjoy a cool climate but they also witness awesome relics from the past, showing Baguio’s transformation, from the American colonial period up to now.
- Almost half (around 140,000) of the people residing in Baguio City are students. So if you are planning to have a dormitory business, for instance, you can definitely get that return of investment fast and continuous. The city features top five performing schools in the Philippines: University of the Philippines Baguio (UP Baguio), Saint Louis University (SLU), University of the Cordilleras (UC), University of Baguio (UB), and Philippine Military Academy (PMA).
So what are waiting for? Start to look for the best real estate to invest in Baguio City now.