Learn how to invest: Real Estate in the Philippines
Do not save what is left after spending, but spend what is left after saving.
Warren Buffet, CEO — Berkshire Hathaway
Believe me when I say
We all dream of one day retiring with our hard earned money from years and years of working, sipping on Pina Colada’s in the beach while basking in the beauty of a sunset.
But we need to start somewhere.
If you want to retire with $1M in assets, you need to start saving up, or better yet, you need to start investing. Make your money work for you.
How do we do it though?
Well, there are a million ways to invest your hard earned cash. You can just open up Forbes Top 100 and take some ideas from the 1%. But on a personal note, especially in an emerging market like the Philippines, Real Estate investments are the way to go.
Real estate prices continue to increase, a lot.
In Makati’s CBD (central business district) alone, real estate prices rose a total of 49% from Q1 of 2011 to date. That’s 6 years of continued inflation, if you’ve invested early on, then you would’ve made a lot of money by now.
But wait! There’s more!
The development of new residential units have been spreading out of CBD’s. Research show that out of the 28 new residential buildings built in the first half of 2017, 25 of those or 89% were built in alternative locations. A recent study by Colliers International reveal that this will impact the selling and renting prices in major CBD’s as it gives us, the buyers, more choices and options.
As developments move away from the crowded and often traffic filled CBD’s, it ushers new opportunities for investments as capital appreciates with developing locations.
It is only but natural to have new developments move outside of NCR as land to develop become more and more scarce while neighboring towns, cities and provinces offer much larger lands with lesser and lesser costs.
This drove the mid-level housing sales skyrocket. 77% of the new sales from the 1st half of this year came from low to mid-level condominium units. Making owning a unit whether for a home or an investment all that more affordable.
The last 5–6 years have been a great time to invest in real estate, whether it may be in a high rise condo unit or on horizontal housing. Ultimately, where and what to invest our hard earned cash should be studied tremendously first. Don’t get caught up with the hype, always take calculated risks.
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