Can you envisage buying a condo unit as a long-in the property? And would you expect to mature before listing your property for sale? No matter what position you might be in, try converting your recently bought condo unit into a rental home. It can be a profitable company that can take advantage of the idle land to offset the overhead.
It's obvious that wealth is booming. With the rise in IT-BPO companies in the country and the expansion in the Philippines Offshore Gaming Operators (POGO) industry, the country is witnessing an increase in property demand, both for office space and residential space. The demand is further driven by the current administration's Develop, Develop, Build (BBB) program which consists of 75 nationwide flagship infrastructures. As of Q3 2018, the nationwide residential property price index rose by 4.4 percent, with residential property prices increasing by 6.8 percent in the National Capital Region.
infographic by: propertyaccess.ph
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