One thing Baguio City is famous for is its numerous, world-renowned tourist destinations, both for the local Philippine population and foreigners looking to find rest and recreation. Situated amidst the mountainous region of the Cordillera, 1,400 meters above the sea, 250 km. north of Manila, Baguio City is one of the few places in the Philippines blessed with a cool climate. Is there any wonder that people choose to flock to the city? If you’re savvy, you’ll see a lot of advantages in real estate investment in Baguio City, but if not, let us explain why it’s smart to invest in a house and lot in Baguio City, or to purchase a condominium in Baguio City.
What’s in a city? In this instance, there’s 22.2 square miles of real estate, surrounded on all sides by mountains and forests, a climate to die for, and numerous tourist attractions sure to please anyone who wants to unwind from the difficulties of living in a city. In fact, let’s list a few.
There’s Camp John Hay, formerly a hill station used for rest and recreation by US Armed Forces stationed in the Philippines. Currently, it’s a privately owned resort, but there are certainly still lots of sights to see.
There’s also Burnham Park, designed by and named after premier American architect and urban planner, Daniel Hudson Burnham, who also designed the original plan for Baguio City. Boasting such amenities like man-made lakes with rowboats for hire, attractions like playgrounds, skating rinks, nature gardens, and many more, Burnham Park is a must-see. Other nature parks include the Mines View Park, where one can get wonderful views of Benguet's gold and copper mines and the Cordillera Mountains, or get dressed in full Cordillera regalia -- bahag, shield and spear for the men, tapis for the ladies, vests and headdresses for both.
Numerous marketplaces and places to buy souvenirs from line up in Session Road, the main thoroughfare of Baguio City and its commercial centre. Session Road is where you will find department stores, bazaars, boutiques, old movie theatres, hotels, cafes and restaurants, bakeries and grocery stores. A majority of banks operating in the Baguio City are found there as well, as well as various offices, drugstores, book stores and newsstands.
We could go on – the numerous historical churches in Baguio, the famed Strawberry Garden, one of the few places in the Philippines where one can sample fresh strawberries, and many more. There’s certainly a lot to see in Baguio, and we certainly hope you see the appeal. But that’s not all we’re here to talk about – we’re here to talk about why it’s smart to commit to real estate investment in Baguio City. Why is it a good idea to get a condominium in Baguio City, or a house and lot in Baguio City?
Consider the following: with the sheer amount of people flocking to the city every year, living space will certainly be a premium. A well-developed city like Baguio, with a certainly booming industry visited by people every year will certainly not be wanting with residents – and there is only so much real estate to invest in. Considering Baguio’s desirability as a place to live in when you retire or wish to take a break, it’s definitely a good idea to go out now and look into real estate investment in Baguio City. You don’t even have to make the choice to live in Baguio City! Buying a condominium in Baguio City, or a house and lot in Baguio City, is still a wise investment, as you can easily rent out your place to transients visiting Baguio City for their vacation. It’s a win-win solution: you get to make money off your investment, and people find convenient places to stay at while touring the city.