Thinking about buying your own house and lot in the Summer Capital of the Philipines? Well, Baguio’s is actually one of the few cities in the country that has an efficient system in real estate transactions. So buying a house and lot for sale in Baguio City for sale is absolutely hassle free. What can be challenging, however, is finding the best real estate investment for you. Consider that there are now many property developers all over Baguio aside from the most trusted Goshen Land Capital, Incorporated, consistently awarded as Developer of the Year.
Overview of Baguio’s Real Property
Baguio City is rich not just in culture but history. It was then a town founded by American colonizers back in the nineteenth century, which only had around 30 thousand occupants. It was originally designed to accommodate stressed out American armies. In other words, Baguio was meant to be their ultimate place for comfort and relaxation outside Metro Manila. This is primarily because of it’s cool climate and untouched natural wonders.
Today, there are 300 thousand plus residents in Baguio, foreign and natives combined. Together, they are occupying 57.49 square kilometers of land in the city. With such smaller land area compared to other real estate destinations in the Philippines, there are only limited good places to choose from. Despite of this, however, the real estate sector has always been booming. This just shows that Baguio is indeed a premier destination for many, a very attractive city to reside or retire. And the most recommended are those in Session Road, Leonila Hill, Mary Heights, Trancoville, Kisad Road, Lombard Hills, La Trinidad, and Irisan.
Attributes of Baguio’s Real Estate
There are vast tract of lands in Baguio that are still undeveloped. You can see mountainous areas covered with green trees and bushes. As you go along, you’ll see uninhabited lands with cell or electric towers being their landmark. However, many people are competing to find a place in established residential and commercial neighborhoods. The reason of which is that these places already have the necessities they need for a comfortable life including shopping malls, schools, and more.
Every year, there is an increase of people in Baguio. There are people from the lowland areas who come and reside in the city, students who are studying in any of the prestigious colleges and universities, and foreigners who chose to retire or pursue further education. Take note that majority of the foreign nationals are studying English in Baguio, a large percentage of them are Koreans. These foreigners are looking for condominium for sale in Baguio City or apartment for sale in Baguio City, and more.
Many of these foreigners buy a property because the price is very reasonable and that they can always sell it after they graduate. The cost of condo units, apartments, and house and lot is very affordable compared to their country of origin. And, it’s easy to find a professional, multi-awarded, and licensd real estate agent in Baguio City.