Why You Should Invest in Cebu Real Estate
Location is a top determinant of the profitability of a property, making it one of the most important factors to consider when investing in real estate. If you’re planning to make this kind of investment, you need to choose the location carefully.
In the Philippines, Cebu is a fantastic location for investing in real estate. Located in the heart of the country, this island city showcases plenty of opportunities that attract many investors.
So what makes Cebu a great place for property investment?
Cebu City is the second largest city in the Philippines and the center for business in the south. With its low operation costs, Cebu has become a major business hub. Its major economy drivers include tourism, the heavy industry, furniture making and business processing services. In 2013, it placed 8th in the worldwide Top 100 BPO Destinations Report by Tholons, a global advisory firm. Today, Cebu is continuously on the rise.
Over the years, the different industries in Cebu have employed thousands of workers. At present, more residential and commercial buildings are being developed in various areas. A number of commercial condominiums are also under construction, making real estate the fastest growing industry. With numerous businesses on the rise and developments in the works, investors are becoming more confident in Cebu’s economy.
In addition to being a business center, Cebu is also a popular tourist destination. With the perfect fusion of modernity and the laid-back island life, it’s no wonder Cebu is a top choice for visitors from around the world. The island is frequently visited by tourists for its pristine beaches, spectacular diving spots, heritage sites and the world-famous Sinulog festival. Cebu tourism is booming with tourist arrivals significantly growing every year.
Access to other places in the country
With its central geographic location, Cebu has easy access to other places in the country. Boat rides to neighboring islands like Bantayan, Bohol, Negros and Leyte are available. The Mactan International Airport has flights to and from different major cities in the Philippines as well as other countries around the globe.
Looking for an investment opportunity?
Best Properties in Cebu are definitely worth a look.