Why Make Real Estate Investment Outside Metro Manila?
16 May 2023Manila is one of the Philippines' most well-known examples of fast urbanization. It used to be a "garden city," but now it's a "concrete jungle" where many people choose to live and work because of its accessibility and ease of use.
Although many of us dream of settling in the country's capital, more and more people who want to one day buy their own house and lot Philippines are giving thought to purchasing their investment in suburban areas or on the outskirts of Metro Manila altogether.
Potential land buyers often wonder about the surrounding area before making a purchase. So, this post will explain why it's smart to buy property outside the country's capital rather than a city and provide instances of each area.
Top 5 Reasons to Invest in Property Outside Metro Manila
The National Capital Region (NCR) is an attractive place to live for several reasons. However, a large number of individuals are opting to relocate to nearby places and here are the top reasons why:
1. Living expenses are lower outside NCR.
While the cost of living is rising throughout the nation, it is especially steep in Manila. In fact, actual monthly expenses for a single individual in Manila or Quezon City are close to Php 29,000 (not including housing costs). Meanwhile, Makati City consumer costs are higher than those of both cities by a significant margin of 24.44%.
In contrast, living expenses (including food and utilities) tend to be lower in the suburbs, like the house and lot in Rizal. If you work from home, the disparity is even more pronounced since your salary will be larger since it can be based on the average income in Manila, but your expenses would be much lower.
Quality education in the suburbs
Those who prefer to enroll their children in schools outside of Metro Manila now have additional opportunities to do so. Even the most prestigious and well-known institutions in the metro area have established branch campuses in outlying regions. Also, with the advent of online education, parents no longer have to settle for the least desirable school for their kids.
2. Property prices outside the metro are often more affordable.
Homeownership is a goal that many millennials feel is out of reach. After all, the majority of us are barely getting by to make ends meet amid fluctuating market prices and growing adult obligations.
Since property prices outside of Metro Manila tend to be cheaper, it is not unreasonable for us to explore investing in such locations, just like a house and lot in Bulacan, which is just one bus-ride away from the key cities of the metro.
Land appreciation
Values in fast-developing regions like Rizal and Bulacan are likely to rise rapidly in the next few years. It won't be long until you can flip these lots for a profit or put up your own house on them.
Due to this, an increase in the demand for residential real estate can be seen as people sought out plots of property in expanding cities. The price of real estate in a developing region is often cheaper today than it will be in a year or two, when there will be more buildings and structures in the immediate vicinity.
3. There are more open spaces and greeneries in the suburbs.
The open nature of life outside of Metro Manila is a major plus. The much lower population density of these locations usually results in less congestion and more pedestrian-friendly streets. "Walkable" neighborhoods are often touted by developers outside of Metro Manila that you can easily see yourself enjoying nature at any time of the day.
Slow-paced lifestyle
People nowadays like to keep things basic. Because of the congestion, pollution, and fast pace of city life, many people are seeking for homes in the suburbs and rural areas. There is less pollution, less traffic, and less noise from nearby businesses, allowing residents to spend more time outside and with their families.
4. The working class now has more access to areas beyond the NCR.
The days when Metro Manila was the only place to get a job are over. According to recent reports, corporations' focus has shifted to other parts of the Philippines. More and more businesses, notably BPOs, are springing up in regions like Rizal and Bulacan.
Additionally, the Philippines is seeing an increase in the use of remote work arrangements. You have greater freedom to relocate if you're one of the workers who has embraced the work-from-home concept.
Growth beyond Metro Manila
Provinces close to Manila, such as Rizal and Bulacan, are flourishing due to the city's rapid growth. More jobs will be available to locals after more shopping centers and industrial parks are completed in these regions.
Moreover, if you show up for work in the NCR, there is hope for improved transportation alternatives in the near future. Considering that the LRT-1 Extension is now 57% complete, getting from Manila to nearby provinces will take just 25 minutes. The LRT-2 East Extension will soon allow travelers to travel between Recto, Manila to Antipolo, Rizal in under 40 minutes.
Future benefits
Future financial stability is an important factor to think about when making real estate investments. If it means having trouble in retirement, you don't want to make an investment now that you'll come to regret. Both immediate and long-term, residents benefit from investing in real estate outside of Manila.
5. A wider selection of available properties.
Fewer residential properties are available in Metro Manila than in other parts of the country. Fortunately, several builders, such as Lumina Homes, have recently begun purchasing properties outside of Metro Manila. More and more developers are giving Filipinos access to a wider variety of housing types such as condominium communities, townhomes, flats, and houses.
Places Outside Metro Manila to Make Your Property Investments
When individuals go home after a long day at work, one of their primary objectives is to relax and make advantage of their own home's comforts before facing yet another day of stress. Consequently, they favored housing searches outside of Metro Manila.
Lumina Homes, one of the leading housing segment in the Philippines, now offer various communities strategically located in Rizal and Bulacan provinces.
Affordable house and lot in Bulacan
Choose from this affordable house and lot in Bulacan, one of the newest provinces to become a city. It is close to the metro and numerous travel hotspots as well as swimming pool resorts:
• Lumina Pandi – Brgy. Pinagkuartelan, Pandi, Bulacan
• Lumina Plaridel – Brgy. Culianin, Plaridel, Bulacan
• Lumina San Miguel – Brgy. Buliran, San Miguel, Bulacan
• Lumina Baliuag – Brgy. Pagala, Baliwag, Bulacan
• Lumina Residences Bulacan – Brgy. Buguion, Calumpit & Brgy. Rueda Plaridel
Affordable house and lot in Rizal
One of the best locations that Lumina Homes have is in the Rizal province. These property options have close proximity to commercial establishments, perfect for young professionals who are seeking more job opportunities. Here are the affordable house and lot in Rizal to choose from:
• Lumina Binangonan – Brgy. Bilibiran, Binangonan, Rizal
• Lumina Pililla – Brgy. Quisao, Pililla, Rizal
• Lumina Baras- Latigo Drive Brgy. Concepcion Baras, Rizal
Get more space and greeneries with our Lumina Homes Rizal and Bulacan communities that include amenities such as a multi-purpose hall, basketball court, mini gardens and playground, gazebo, and 24/7 guarded entrance.
Achieve your dream of having your own home as more investors flock to these cities and municipalities outside the metro!
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