The Philippines has been experiencing steady economic growth over the past decade, with an average GDP growth rate of 6.4% from 2010 to 2019. This growth is driven by a variety of factors, for real estate properties including the country's strategic location, its young and growing population, and its strong ties with other countries in the Asia-Pacific region. As a result, the demand for both commercial real estate and residential real estate loans, investments in real estate projects and properties in the country' large informal housing sector has been steadily increasing, with both local and foreign investors looking for opportunities to invest in the booming commercial real estate industry and market.
The Philippines' real estate property sector is expected to continue growing in the years to come, with the government investing heavily in infrastructure projects and implementing policies to attract more foreign investors. According to a report by PwC Philippines, the country's real estate property and property investments market is projected to reach PHP 1.9 trillion (USD 38 billion) by 2022, with the residential sector accounting for the majority of the real estate property industry and property and real estate investments'' growth.
With this in mind, it's important for all serious, real estate investors and other real estate industry investors to identify the emerging real estate markets in the Philippines that offer the best investment opportunities. The following are the top 5 emerging real estate markets in the country that are worth considering. These industrial real estate markets offer a combination of strong economic growth, a growing population, and a favorable real estate industry investment climate, making them attractive as real estate industry investment destinations for both local and foreign real estate industry investors alike.
Here are the top 5 emerging real estate markets in the Philippines:
Cebu's status as one of the most promising real estate markets in the Philippines is bolstered by its strategic location in the central Visayas region, making it an attractive destination for investors looking to capitalize on the region's economic growth. As the second-largest city in the Philippines, Cebu has a well-established infrastructure that provides residents with a high standard of living at an affordable cost. The city's growing economy, which is driven by the tourism, manufacturing, and service sectors, has created a robust demand for real estate properties that are expected to continue in the future. Cebu's real estate market is diverse and caters to a wide range of homebuyers, from luxury condominiums to affordable mid-rise developments. One notable real estate developer in Cebu is BRIA Homes, which has established a reputation for providing affordable housing options for the middle-income market. BRIA Homes have several projects in Cebu, including BRIA Flats Mactan, BRIA Homes Compostela, and BRIA Homes Minglanilla. These developments offer a range of house and lot packages that are within the budget of most Filipinos, making homeownership more accessible for those who aspire to have their own homes.
Davao City is a dynamic and progressive metropolis that has caught the attention of both local and foreign investors. As the largest city in the Philippines in terms of land area, Davao is home to a diverse range of businesses and industries, making it a thriving economic hub in the southern part of the country. Its natural beauty, excellent infrastructure, and low cost of living make it an attractive destination for those looking to invest in the real estate market. The city's real estate market has been experiencing steady growth over the past few years, and this trend is expected to continue in the future. The demand for real estate properties in Davao is driven by the city's robust economy, which is supported by the agriculture, tourism, and service sectors. Furthermore, the city's growing BPO industry is attracting more foreign investors, thereby creating more employment opportunities and increasing the demand for real estate properties. The real estate market in Davao offers a wide variety of options, ranging from luxurious high-rise condominiums to affordable mid-rise developments. BRIA Homes, one of the top real estate developers in the Philippines, has several notable projects in Davao, such as BRIA Homes Panabo, BRIA Homes Digos, and BRIA Homes Tagum. BRIA Homes is known for its affordable house and lot packages, making it an ideal choice for middle-income families looking for their dream homes. With its commitment to providing quality homes at an affordable price, BRIA Homes are playing a significant role in shaping the real estate market in Davao.
Iloilo is a highly attractive city for real estate investment due to its highly urbanized and progressive nature, making it a highly promising emerging real estate market in the Philippines. The city's strong economy, excellent infrastructure, and rich cultural heritage make it a highly sought-after location for investors. Iloilo's real estate market is experiencing a boom, with increasing demand for various real estate properties over the past few years. The city's economy is driven by the agriculture, manufacturing, and service sectors. The presence of a growing BPO industry has also been attracting many foreign investors. Investors in Iloilo's real estate market have a wide range of options, from high-end luxury condominiums to affordable mid-rise developments. One of the notable real estate developers in Iloilo is BRIA Homes, which offers affordable house and lot packages for the middle-income market. BRIA Homes have been consistently delivering affordable housing solutions in Iloilo through its various projects, including BRIA Homes Oton, BRIA Homes Pavia, and BRIA Homes Passi. With the increasing demand for affordable housing solutions in Iloilo, the market for real estate investment in the city is highly promising.
Bacolod, also known as the "City of Smiles," is the capital city of the province of Negros Occidental in the Western Visayas region. The city has been experiencing steady economic growth, and its residential and commercial, and real estate sector, industry, and market has been growing steadily over the past few years. Bacolod is known for its vibrant culture and friendly locals, making it a popular destination for tourists and expats alike.
The city has a lot of potential for growth, thanks to its strong economy and excellent infrastructure. Bacolod is considered as one of the top-performing cities in the Philippines in terms of economic growth property investment and competitiveness, ranking 4th in the Most Competitive Highly Urbanized Cities in the Philippines 2021 by the National Competitiveness Council. Additionally, the city has a growing BPO industry, which is attracting a lot of foreign investors. Bacolod has also been recognized for its livability, ranking 8th in the Top Philippine Cities Livability Index 2021 by the Department of Finance (DOF) and the National Competitiveness Council.
One of the leading real estate developers in the country that offers affordable and housing units and options in the business districts of Bacolod is BRIA Homes. With a mission to provide more housing units for every Filipino family the dream of owning a house, BRIA Homes offer quality yet affordable homes housing units, in strategic locations in the business districts of Bacolod, such as residential properties such as BRIA Homes Bacolod Northville and condominium units in BRIA Homes Bacolod City. These communities offer amenities such as parks, playgrounds, and basketball courts within residential properties in business districts, providing a comfortable and convenient lifestyle for its residents.
Apart from BRIA Homes, other real estate developers have also been investing in Bacolod's residential real estate' market, providing a wide range of options for buyers. These residential real estate' investing include Megaworld Corporation, Ayala Land, and SM Prime Holdings, among others. With the city's promising economic outlook and excellent quality of life, Bacolod's residential real estate' market is definitely worth considering for both local and foreign real estate investors and property investors alike.
Pampanga is a province located in the central Luzon region. It is known for its rich history, excellent cuisine, and vibrant culture. The province's economy is driven by the agriculture, service, and manufacturing sectors.
Pampanga's real estate market has been growing steadily over the past few years, thanks to its strong economy and excellent infrastructure. Additionally, the province has a growing BPO industry, which is attracting a lot of foreign investors. Pampanga has also been recognized for its livability, ranking 5th in the Top Philippine Cities Livability Index 2021 by the Department of Finance (DOF) and the National Competitiveness Council.
BRIA Homes also offer affordable housing options in Pampanga, with communities such as BRIA Homes Magalang and BRIA Homes San Fernando. These communities offer amenities such as guarded entrance gates, perimeter fences, and multipurpose halls, ensuring the safety and convenience of its residents.
The Philippines is a country that is ripe with opportunities for real estate investments, particularly in its emerging markets. Among the top emerging real estate markets in the country are Cebu, Davao, Iloilo, Bacolod, and Pampanga. These cities and provinces offer a combination of economic growth, infrastructure development, and increasing demand for housing, making them attractive to both local and foreign investors.
One company that has recognized the potential of these emerging real estate markets is BRIA Homes. As a leading developer of affordable housing in the Philippines, BRIA Homes has been actively expanding its presence in these markets. With BRIA Homes, investing in the real estate industry in the Philippines has never been more accessible and convenient.
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