Why you should invest in real estate in Baguio City

Why real estate is a good investment in Baguio City

House and lot in Baguio city

 
It is a well-established fact that Baguio City is one of the most sought-after tourist destinations in the Philippines. And with the increasing tourist demand since the ease of COVID-19 restrictions, the city also grew its popularity in the real estate sector with many investors wanting to put their hard-earned money with the hopes of high return of investments.
 
Why should you then invest in real estate in the summer capital of the Philippines? Here are the reasons why a house and lot in Baguio city or a condominium in Baguio City is a good investment.

1. Distinct geographical location

Now that travel protocols are more lax compared to when the pandemic started, Baguio City is definitely one of the hotspots in the country – a safe haven for both local and international tourists.
 
Escaping the hectic lifestyle of the city, Baguio offers its visitors and investors with strategic location, weather, and rich history and culture that you wouldn’t find anywhere else in the Philippines. There aren’t many cold places in the country, making the city a sweet spot for investors.

1. Cost-effective interest rates

Apart from its geographic location, if you were to invest in a real estate property in Baguio, financial institutions such as banks will offer you with cost-effective interest rates.
 
Further, since there are numerous small and medium enterprises that sell their properties due to the unprecedented effects of the pandemic, one can definitely acquire a property at an economical price.

1. Easy accessibility

What’s even more inviting about the city is its accessibility – it’s connected to main roads and reachable by private and public transportations. It’s also easy to travel around the city and see its popular areas.

1. Sufficient facilities

Definitely, you’d like to invest in a property that has a good reception and communications facilities. May it be visiting or living in Baguio, it’s complete with communication facilities you’ll need during the course of your stay.
 
Further, through the Benguet Electric Cooperative (BENECO), all barangays in the city has stable energy source so you won’t have to worry that you’ll experience shortage in electricity or blackout which can definitely disappoint a future customers if you were to build a house or condominium in the area.

1. Fast investment turn-over

Despite the economic challenges for the past couple of years, since the Baguio is conveniently connected, its properties is guaranteed to provide its investors with fast investment turn-over due to its tourist demands.
 
 

1. Recognized as the only creative city in the Philippines

Due to the vibrant history and culture of Baguio City – from crafts, folk arts, heritage sites, UNESCO granted the city as one the creative cities in the world. This goes to show that the city is an ideal long-term investment as tourists will always be on the lookout for places and cities that offer rich background.

1. A retail center capital in the region

Apart from its breathtaking sceneries, the city is also knowns as the country’s shopping capital due to its cost-effective yet superb quality of commercial products.

1. Homegrown real estate developers

Due to the demand of real estate in the area, you can find native real estate developers who’ll guide you in your journey of looking the perfect property.
 
Final thoughts
It’s ideal that before you proceed into looking to prospect properties in the city, you’ll consider to consult a real estate agent in Baguio City. Not only it will save you time and effort, but these professionals have vast knowledge on the properties and can definitely offer you list of properties that will suit your needs and budget.