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Showing posts with the label investment

The difference between Luzon and Mindanao Tamarind

Things to Consider when Buying a Condo Unit

1. Location, location, location When buying real estate, condo units included, a major factor a potential buyer should consider is location, location, location. The location of the condo greatly affects, one, the potential of price appreciation and, two, access to conveniences. The Makati area, for instance, being the business center of the Philippines, has always proven to be a good investment area. At The Fort BGC, meanwhile, prices of real estate have skyrocketed in the last few years. Here’s an actual example. A friend paid P2.5 million for a condo located at McKinley Street inside The Fort BGC back in 2007. Just one year later, the going rate for the same unit is P3.5 million — a huge 40% price appreciation. Now, in 2017, similar units are being sold for P5 million. That’s a whopping 100% price increase! The location also determines accessibility to needed comforts and conveniences. If you value convenience, get a condo unit that has easy access to restaurants, schools, b