Covid-19 pandemic has put businesses and jobs to a standstill. People faced the sad reality of losing their jobs. Businesses were forced to shut down, some are just surviving through a skeletal workforce. The business sector that has seen an increase in revenue is food and healthcare.
Still, the Real Estate industry in Baguio has strived so far. Even the majority of people weren’t allowed to go out. Many clients are still willing to buy via their representatives or a digital tour. So, why do we still want to buy properties now than ever before?
This should be your top reason why you still need to invest in real estate.
Property Value of Land never decline in value
In my own opinion, real estate focusing on land only. Will increase in value nevertheless is the circumstances and situation. Yes, it is a long-term gain for the future but it never decreases in value it only continually increases in price. Everyone would like to have a property in Baguio.
It is why demand is so high that real estate properties, made Baguio one of the most expensive in the Philippines. That is why land within town proper and a few kilometers within the city center radius. Has market value in the seven-figure number and that is a lot only property.
Presently, residential lots that are affordable are in the suburbs area of Baguio or connection provinces BLISST (Baguio-La Trinidad-Itogon-Sablan-Tuba-Tublay). It can get so far from a twenty-kilometer radius from town proper Baguio. Which are an attractive alternative, already.
You can find my list of property lots by clicking here to or directly contact me if you a specific property type that you would like for me to search and make due diligence for you. Then click contact me.
Big discounts are offered during this period
Cash is really king, right now for those savvy investors and ready buyers. Private individuals and developers are in somewhat dire need of liquid cash. It is why you could see many promos from developers. Big discount offer for cash buyers and flexible payment options are now given.
It is becoming an investor’s haven as of the moment. The savers, ready buyers, and investors are the real winners as of the moment in the real estate industry.
Competition is less
Some investors and buyers are hesitant to invest or buy any property right now. For the reason that money is tight and the ongoing pandemic has derailed lots of businesses and jobs. People are fearful about what had this pandemic has done to the economy. Where they hang on to their savings as of the moment.
Warren Buffett once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.” This can be applied to real estate investing. You can demand a good discount to sellers and demand high when people are again buying.
Conclusion
I have read a Hebrew proverb that says “He is not a full man who does not own a piece of land.” There are a lot of milestones in a person’s life and owning a property is one of them. You can always start slowly as there’s down payments and financing terms that can help you. Start owning now!
Contact me now, if you would like to invest in property lots which has a good payment option within the suburbs of Baguio. I guarantee you that all papers on the property are well and good.