IS RIGHT NOW A GOOD TIME TO INVEST IN REAL ESTATE?

Enjoying a high-paying job. Can buy what is needed. Can buy the wants. Have savings. Ready to make investments. If you’re wondering what's next for you, I recommend real estate. Let me share with you when the right time to invest might be. 

Before I get into the specific reasons, let's take a minute to orient ourselves. 

A Look at the Economy and Property Markets in 2023-2024

In an article written by Real Estate News.ph (https://realestatenews.ph/national/real-estate-experts-outlook-philippines-economy-and-property-markets-in-2023-2024)

“The real estate markets in the Philippines were appraised as moderate, scoring 6.9 out of 10, with a forecasted rise to 7.5 in 2024. These assessments suggest that the real estate sector may experience significant growth in the near future.”

“Residential properties, encompassing residential housing and condominiums, stood out as particularly popular within the Philippines' real estate landscape. These residential developments accounted for 38.1% of the market.”

“In summation, the Philippines is poised for economic and real estate growth in the coming years, making it an attractive destination for both local and foreign investments. The insights from these real estate experts shed light on a promising future for the nation's property markets.”

So, going back to the topic, did someone tell you about preselling properties? Yes, explore projects that are offered on their pre-selling stage especially if you're not in a rush to move in. This stage often offers investors the project’s launching or introductory price, attractive discounts, freebies, and flexible and longer payment terms. Long-term investing usually has a much greater return. Find a property that is a good value, or in an upcoming popular location. Hold it long-term. Collect rents. Pay off the mortgage. Let it appreciate. You’re going to do very well.

Consider the end of the month, particularly this year end, for potential good deals. Developers aim to meet monthly or yearly quotas during this time offering advantageous deals to motivated investors. 

Another time is during Open House events. Real estate companies showcase their projects and extend exclusive deals and offer limited-time promos and discounts. Vista's upcoming open house will be on December 17. RSVP here: https://bit.ly/HORIGIN_DEC17 

Consider these additional tips before buying a property:

Budget: Set a practical and achievable budget that aligns with your investment objectives.

Developer Trustworthiness: Choose a reputable developer, such as Vista Land.

Location: Select a strategic location, considering future resale

Value Appreciation: Ask your agent about the potential ROI and value appreciation over 5 to 10 years.

Amenities: Ensure the condo offers top-notch amenities to enhance your and your tenants' living experience.

Future Developments: Look for signs of continuous development in the neighborhood.

Location Considerations: Choose a flood-free area with convenient transportation options for a more comfortable and secure living environment. 

By focusing on these key considerations, you'll be well-prepared to make an informed decision and optimize the potential of your real estate investment.

If there’s one lesson I hope you get from all of this, it’s this: The good deals will be absorbed quickly and the wise investors will always be on the lookout. The demand in the Philippines is consistently growing. With the economy rebounding from the pandemic and ongoing development projects nationwide, now is the ideal time to invest. Don't wait too long; the real estate market is dynamic, and seizing the moment today can lead to a high investment yield in the future. Consider us for your next real estate investment.

Disclaimer: I am not a real estate expert, but I have invested time in understanding the field and conducted personal research. The insights I share reflect my individual perspective, as I strive to enhance my understanding and provide valuable information to the best of my ability. Consult with your preferred professionals for personalized advice.