Tourist Influx Amid the Pandemic and the Proposed Land Market Value Increase in Baguio
Baguio Welcomes More Tourists While Land Market Value Is Eyed for Significant Increas
Baguio City is expecting more tourists to be coming in throughout the summer season. After almost two years of lockdown due to the pandemic, people are now enjoying their time around the popular spots in the summer capital. Approved travel registrations continue to increase, especially during peak holidays.
According to the city mayor, there’s no limit for the number of tourists arriving at the city, but the city government still observe the minimum health and safety protocols to prevent COVID infection among visitors. Vaccination is one of the travel requirements, hence people are urged to get the jab before traveling in and out of the country.
Meanwhile, business groups in Baguio City opposed the land market value increase proposed by the city council. The proposed new market values are based on actual conditions and the Bureau of Internal Revenue’s zonal valuation. If the market values will be increased, the city government promised to “lower the assessment levels” and therefore “will not result to confiscatory taxes”.
Whether you’re planning to buy a condominium in Baguio City or invest in a new house and lot in Baguio City, it’s convenient to contact a real estate agent in Baguio City to assist you in every step. Feel free to contact us and we’ll give you the details you need.
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