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A General Review of Real Estate in Cebu Philippines

Posted by yash on November 11, 2024
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Real estate remains the safest investment out of any other type of venture you may consider entering. Even in the midst of the global financial crisis posing bleak prospects for different countries, experts agree that the Philippine economy has an excellent chance of weathering uncertainties brought about by the worldwide economic slowdown. This is thanks in large part to fiscal reforms and measures that the government has undertaken over the last few years. Philippine real estate is one of the sectors poised to benefit from the worldwide credit crunch, as more and more property investors, including foreign ones, are turning away from European markets and turning to Asia, with great interest in countries like the Philippines. One of the local real estate markets experiencing great growth over the last decade is Cebu in the Visayan Islands, which has been showing continuous development and potential for even greater growth.

Should you consider investing in Cebu real estate? Below are only some of the most obvious reasons why:

  • Infrastructure development in the city is very well balanced, with all the ingredients necessary for competitive and sustainable investments. Its increasingly cosmopolitan environment and culture is driving the development of amenities and facilities that support the ideal lifestyle.
  • Cebu has one of the cleanest criminal records in the country. Peace and order is the standard in the city and the entire island.
  • Neither in the typhoon belt nor an earthquake zone, there are few environmental disaster threats to developments in Cebu.
  • The city is considered a gateway for tourism in Central and Southern Philippines. It is also the most accessible city in the country, with more domestic sea and air linkages than Manila.
  • It is an industrial leader in terms of export items like fashion accessories, furniture, toys, gifts, and houseware. In fact, Cebu’s annual export growth rate averages close to 20 percent, which is a lot higher than that of any other province and even the entire country.
  • The 2nd largest city in the Philippines, Cebu also has one of the fastest growing economies, with an excellent track record, which demonstrates not only promise or potential for growth, but capability for success in many fronts.

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