real estate in Baguio city
Baguio Real Estate
Baguio City is dubbed as the “Summer Capital of the Philippines”. Many travelers are seeking the unforgettable, savoring, accommodating and fresh experience in the city. In fact, according to USA Today, Baguio is one of the top 10 most visited destinations by the foreigners in the county. The city has the natural breathtaking views due to its mountainous topography which offers a wide range of scenic vistas to include the famous Burnham and Mines View Park, People’s Park, Wright Park, the historical Camp John Hay and elite Baguio County Club.
Baguio is categorized 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 proves that Baguio has a growing business sector, which includes industries, trade, commerce, tourism and most especially real estate. The land area of the city is just 57.49 square kilometers, so real estate here has become pretty much a seller's market as there are very few good areas to choose from. Baguio city appears to be an attractive city to live in, which made real estate in demand again. Many local and international people find their way to invest in real estate in the city like condominiums, house and lots, apartments and lots alone. It is also considered as the education and commerce hub of the North. Almost half of the population are students so apartments, transients houses and condominiums are very much in demand. Many investors are running after the real estate of the city due to the fact the amount they will be investing will be returned much greater from the amount they invested. The returns are high. Often people will see condominium in Baguio City for sale, house and lot in Baguio City for sale, and lots for sale in very high amount because the sellers know that the people will buy it no matter how much the amount is because of the current status and image of the city. As of the moment, the city has six major condominiums within it. Some of these are Goshen Land Capital, The Residences at Brent, Royal Residence Condominium, Pine Ridge Condominium, Europa Condominium Villas, and Innsbruck Condominium. Condominiums are the most recommended to the people due to the characteristic of the land in which property will be maximized. House and lot packages are also in demand. For those who wants to settle for good and plans their retirement place in Baguio City it is the best option. It is more private compared to condominiums.
Real estate in Baguio City is evidently and undoubtedly a fast growing industry of the city. House and lot are very much sought by the investors while condominiums are the most in demand to the people. Many people don’t count the price they will commit to staying there, instead they think of the quality of life they will get in living there because beautiful environment, fresh air, stunning sceneries, delicious foods, fresh fruits and vegetables are indeed priceless.
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