Are you considering buying a condo unit as a long-term investment in the property? And maybe you are waiting to mature before listing your property for sale? Whatever situation you might find yourself in, consider turning your newly acquired condo unit into a rental property. It can be a lucrative enterprise that will make use of your idle property to cover the overhead.
It is clear there is a boom in wealth. With the rise in the country's IT-BPO companies and the growth in the Philippines Offshore Gaming Operators (POGO) industry, the country is experiencing an increase in demand for property, both for office and residential space. The demand is further supported by the Build, Build, Build (BBB) program of the current administration which consists of 75 flagship infrastructures across the country. As of Q3 2018, the national residential property price index rose 4.4 per cent with a 6.8 per cent rise in residential property prices in the National Capital Region.
infographic by: propertyaccess.ph