Capitalizing on Baguio City’s Economic Boom: A Magnet for Real Estate Investors
Baguio City has been experiencing steady economic growth, driven by various sectors such as tourism, education, and healthcare. The city’s expanding economy can lead to an increase in property values and rental fees, offering potential for long-term appreciation on real estate investments.
With a positive outlook on the property market in the Philippines this year, new developments are being established outside Mega Manila. The goal is to decentralize key city centers in order to create new asset opportunities for communities with equitable living environments such as Baguio. The master plan is to build walkable communities with efficient road networks for faster and more convenient travel.
As of May 2023, there are 884 properties listed for sale in OnePropertee including condo in Baguio City. The Leonila Hill is considered as the safest residential area for investors looking to enjoy both beauty and safety in the mountain side. With approximately 392, 262 people living in Baguio according to the latest population survey, more people will look for real estate investments this year in the city.
If you’re looking for a house and lot in Baguio City, it’s best to consult a real estate agent in Baguio City to get the best options in the market.