As a tropical set of islands with exciting and growing cities, the Philippines is undoubtedly one of the best vacation spots on the globe. This has led to the development of a huge number of luxurious flats and condominiums for holidaymakers. Here are just a few reasons why you should think about getting one for your next trip.
There’s plenty to do in its Cities
Most holidaymakers view the Philippines as a tropical paradise with white sand beaches and stunning landscapes. And while it’s certainly not lacking in any of these things, its cities are arguably equally as vibrant. The economy of the Philippines is growing at a rapid pace, and the cities are developing along with it. This makes the country a great choice of destination for beach-dwellers and urban explorers alike. The most famous of the Philippines’ cities is Manila, the country’s capital, which is bursting with history and culture, while Cebu City, the nation’s unofficial “second city”, offers many of the same cultural and entertainment options, while also giving you easy access to many of the Philippines’ stunning areas of natural beauty. In fact, malls, nightlife, and a rich culinary culture are easy to find in any number of the Philippines’ rapidly growing cities.
Housing Costs are Very Reasonable
No matter how much you love the location, buying a holiday home somewhere is undoubtedly a large commitment. It should therefore reassure you to know that not only are the costs of accommodation in the Philippines incredibly low relative to the west, but the purchase may also end up gaining you a return on your investment. Despite seeing a dramatic decline in housing prices due to COVID-19, the prior 8 years saw a nearly 125% increase in housing prices in certain areas of the Philippines. And while there are no guarantees this trend continues, the increase in the rate of residential construction projects is a sign that the real estate market may be beginning to recover from the current slump. Renting is also an option if you don’t want to buy a vacation home outright, as this is surprisingly good value for money as well. As an example, an apartment for rent in Paranaque would cost roughly PHP 15,000 – PHP 30,000 a month. To underscore how cheap this is, not only is Paranaque one of the major cities in the Philippines, but PHP 30,000 converts to slightly under $600.
Its Coasts are Some of the Best in the World
As an archipelago (a nation made up of many small islands) with a tropical climate, it is not surprising that the country boasts one of the finest coastlines in the world. Specifically, its white sand beaches have a great reputation, and its clear waters means the area is also a great place for snorkelling or scuba diving. This makes it an appealing location to many people. The island of Boracay, in particular, has been consistently rated one of the best holiday destinations in the world because of its stunning beaches filled with powder soft sand. Boracay’s White Beach is known as one of the most beautiful coastal spots in the world and is also a great place to try out some beach activities or water sports.