What millennials need to know about real estate investing in 2022
Property research firm Colliers Philippines recently reported about a sustained take-up for house-and-lot and lot-only projects in areas outside the capital region. As people shy away but stay not too far from major cities in the Metro, key urban areas in northern and southern Luzon have become today’s favored areas. These include Pampanga, Tarlac , Bulacan, Cavite, Laguna and Batangas. Here, residential projects are between 86 percent and 97 percent sold as of the end-2021. The pandemic has confirmed that real estate is a self-appreciating asset, no matter what. But aside from waiting for it to appreciate, millennials can explore other ways to realize the earning potential of a home in the suburbs. While down-payment promos and discounts still abound, millennial entrepreneurs can start buying and selling house-and-lots. But even after the pandemic, most developers will always sell units at a discounted price during the pre-selling sta...