Condominiums are some of the most popular types of housing in the Philippines today according to many Filipinos. However, though condominiums are considered as some of the most popular, houses are still known as some of the most in-demand according to many experts. Part of the reason is because not all Filipinos can afford to buy a condominium.
A House for Everybody
According to many real estate experts, the primary reason why houses are still in-demand in the Philippines is because of its affordability. Many Filipinos have said that the cost of a single condominium unit in the city is enough to buy a 2-story house in neighboring cities such as those found in Caloocan and Quezon City.
However, in addition to its affordability, condominiums are also known for its family-oriented environment, typically because most houses are found in residential areas or in the suburbs. This makes it more popular among many Filipino families looking for the right home for their family.
Another reason why many Filipinos would still choose to buy a condominium rather than a condominium unit, other than its affordability, is because these houses are still accessible to business and commercial districts. Although not as popular in terms of location compared to condominiums, most of these house for sale Philippines can be easily accessed from business districts such as Makati City. The only disadvantage is that residents would still go through the hassles of rush hour.
New houses for sale
Because of its increasing demand, a number of new house for sale Philippines have become available not only in residential areas or in the suburbs, but in areas around Metro Manila such as in the outskirts. What made these new houses popular is that it can provide a more family-oriented environment compared to those found in houses in the suburbs. However, what made these really popular is its affordability, which can be compared with renting an apartment.
Renting an apartment is one of the cheapest types of housing in the Philippines. However, other than just renting, a number of new house for sale Philippines have become popular because these types of housing can be bought and paid in installment.
Compared to renting an apartment, in which the ownership is still with its landlord, buying one of these new houses can offer a chance for Filipinos to pay for their home, as if renting an apartment, yet allowing them to own that house once all balances are paid.
The disadvantage of most of these new houses is their locations, which are mostly found in the outskirts. This makes it more difficult for its residents to get back to the city, particularly for their work or in other popular locations such as malls and “hang-out” places.
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Catherine Ruiz is a business entrepreneur from Cebu City Philippines. She’s now based in Florida and writes in her spare time for various websites including Atayala.com
Everlast as House of Pain from the self-titled album “House of Pain” © 1992 Tommy Boy Records
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