Top Cities Where Millennials Can Invest in Real Estate

Top Cities Where Millennials Can Invest in Real Estate

Filipinos aren’t new to investing in real estate properties in key locations in the Philippines. The growth of many businesses–such as IT-related industries, multinational corporations, and international restaurant chains–has also resulted in the increase of people looking for residences close to these areas.

Place, being one of the four Ps people consider when looking for real estate, is crucial. The location of one’s home will determine the convenience and comfort a homeowner will experience. Here are the top cities where you should consider investing in real estate.

In Metro Manila

Cities around the National Capital Region (NCR) remain to be the preferred location for property seekers due to the many business districts, shopping centers, and lifestyle centers outlining the cities.

[1] Quezon City

Quezon City is known as the “City of Stars” due to it being home to two of the biggest TV Networks. The city is also known for its booming central business districts–namely Araneta City in Cubao, UP-Ayala TechnoHub, and Eastwood City. It is also a shopping haven, home to many SM, Ayala, and Robinsons malls.

According to Lamudi’s data for 2019, Quezon City is the most sought-after place in Metro Manila. Quezon City’s business and commercial centers, and the accessibility to other parts of Metro Manila, are factors that make this continuously growing city an ideal place to invest in a condominium or house.

[2] Makati

Known as the premier financial center of the Philippines, Makati City is undisputed in terms of convenience, comfort, and lifestyle.

The Makati Central Business District (CBD) is home to many multinational corporations, BPO and IT industries, restaurants, hotels, shopping malls, and department stores. Makati also offers budget-friendly up to upscale priced real estate properties located within and close to the CBD. Its accessibility and prime business district make it an ideal place to invest in real estate.

[3] City of Manila

The City of Manila is widely known for its historical sites, museums, universities, and government offices. Manila is ideal for students and young professionals who want to invest in cost-efficient condominiums, apartments, or houses close to schools and offices.

Manila is also a portal to other key cities such as Makati and Pasay, among others, which makes this location ideal for homeowners to travel from one city to another.

[4] Muntinlupa

Muntinlupa City is mostly known for its two burgeoning barangays, namely Alabang and Ayala-Alabang, which makes this city the southern lifestyle and business center in Metro Manila. Notable in the thriving Filinvest City, Festival Mall, and the Ayala Alabang Center, Muntinlupa incorporates sustainability in their business districts, making them ideal for nature lovers.

Muntinlupa is also an ideal location for those coming from the south who want to move into Metro Manila, where most urban activity happens. According to Knight Frank Philippines, Barangay Alabang is set to be Metro Manila’s next hotspot by 2020.

In Provincial Cities in Luzon

Cities in Metro Manila aren’t the only ones with a growing interest for real estate. Lamudi’s data for 2019 show that cities outside the metro are becoming hotbeds for developers to expand their projects, and for seekers to invest.

[5] Bacoor

Lamudi’s 2019 data showed that Bacoor is the top city in Region IV-A in terms of interest in real estate. This historic city has become a hub for retail, commercial, and other industries to start and grow.

Those looking for homes close to the coast will enjoy Bacoor’s idyllic coastal area along the Manila bay. Bacoor is also a comfortable distance from Metro Manila, making it an excellent choice for future homeowners to access the city.

[6] Baguio

Baguio City earned its nickname as the “Summer Capital of the Philippines” due to its cold weather and natural surroundings that attract many tourists every summer. The cold weather and peaceful surroundings are two key points for seekers looking into buying or renting real estate in Baguio City.

The Summer Capital is also known for its many tourist spots. The increase of tourists has resulted in the rise of condominiums and apartments within the heart of Baguio City. If you want to live surrounded by nature but enjoying urban conveniences, Baguio City is the perfect choice for you.

In Visayas

These cities in Visayas have shown to be the next real estate and investment hot spots outside of Metro Manila.

[7] Cebu City

Cebu City remains to be the top-searched city in Visayas, accounting for over 80% of the total searches on Lamudi in 2019. It is dubbed as the Queen City of the South because of its Cebu Business Park that is home to many shopping malls, booming IT and BPO centers, and residential developments.

Cebu City is also favored due to its famous historical sites, local cuisine, festivals, and airports and seaports that allow accessibility to many parts of Visayas and Mindanao.

[8] Iloilo City

Like Cebu, Iloilo City is also a continuously growing center for IT and BPO industries, which has resulted in an increase in vertical and horizontal residential developments within and close to the Iloilo Business Park.

Other than Iloilo’s urban conveniences, Iloilo’s festivals, food, and colorful culture make it an ideal place for seekers to invest in real estate.

In Mindanao

Mindanao is also home to spots worthy of investment. These cities offer booming industries accompanied by nature, cuisine, and culture.

[9] Davao City

Davao City has been an epicenter of industries, commerce, education and leisure as many foreign investors have cultivated the land during the American Colonial Period. Now, Davao City is home to many of Mindanao’s banks, schools, hospitals, government offices, and shopping malls.

Davao also has its own international airport that makes it easier to access Luzon and Visayas, as well as Hong Kong, Singapore, Mainland China, and Indonesia.

[10] Zamboanga City

Zamboanga City is gearing towards being a “Smart City” in 2020, with the local government utilizing ICT in improving government service, revenue and tax collection, and transparency in public service.

The growth of IT-related industries has also led to more opportunities for real estate developers to build new residential developments within the metropolitan area, cementing Zamboanga as one of the cities to watch in 2020.

Overall, these cities offer a diverse selection of residential communities close to financial and lifestyle centers that offer convenience, comfort, and leisure. The investment-worthy properties in these prime locations make urban living a pleasant experience.