Baguio city as the Education capital of the North
Much has already been said as to why Baguio City makes for a prime destination in the country, not just during summer, but also at any time of the year. This makes the area once known only to the indigenous groups become a crowded place. But this urban jungle is more than just the climate which boasts an always chiller temperature than anywhere in the country, it is also attracting much people for its education, too—and it is making the real estate a truly profitable business as a result.
Dubbed the “Education Center of the North,” Baguio City has some of the most concentrated educational institutions and facilities in its area within the Philippine. They include 7 universities, 37 vocational schools, 43 secondary schools, 66 primary schools, and 54 pre-elementary schools. At roughly 140,000 students per year, almost half of the population in Baguio City are scholars whose composition is mixed between locals and foreigners.
Property owners, particularly that of house and lot in Baguio City, have been raking in the cash since the urbanization of the region and as further compounded by the subsequent establishment of the city’s many schools, with the students from far-flung places being the target market.
With that as a reality, buying a property within this city has become rather difficult in recent years; yet is a problem that can be quite offset if opting through mainstream means such as by getting in touch with a real estate agent in Baguio.
Meanwhile, if you are thinking of participating in this money-making scheme, you may want to keep a lookout for condo in Baguio for sale which, for just the right capital, gives a perpetual return of investment.