For most people, the idea of investing in real estate in the Philippines means looking at properties within the National Capital Region (NCR). However, there are many other great options available. There is merit in looking on the fringes and investing in areas right outside of the capital. Getting a hold of property in an undeveloped area can prove advantageous.
Where are these areas? Here are three of them:
Lancaster reviews point out Cavite as the place to be. Its main draw is the rise of mixed-use development in the area over the past years. Many of its areas have been urbanized and it is close to developed areas like Bonifacio Global City and Makati Central Business District. Cavite is affordable, accessible, and attractive, making it an excellent investment choice.
Laguna is like Cavite’s twin brother, albeit with hills and mountains. Situated south of NCR, it is also very close to two major business districts. Many commercial businesses run here, and several factories operate in the area. It is also home to the University of the Philippines Los Baños, one of the country’s best schools.
Situated in the east, Rizal is a promising place to make residential investments. What makes it great is that it is close to Quezon City and other major urban centers in NCR. With that said, there are several public transportation options to get to those places. Unlike Laguna and Cavite, it has easy access to Cubao, one of the leading urban hubs, and the northern area of NCR.
NCR may be the first option most investors have in mind, but it is not the only location worth looking at. These surrounding provinces are great options that you, as an investor, should not overlook.