Choosing a home should be beyond aesthetics, and more towards its contribution to one’s overall being
The Philippines’ high-end residential market is dynamic. If there is anything that has changed, it is that the pandemic situation has massively affected the buyer’s choice and portfolio. Health and wellbeing are now in the front seat in purchase considerations and I believe the health and wellbeing factor is here to stay for a long period of time. For instance, there is an increase in appetite for green and open spaces, suburban homes, and beach homes miles away from Metro Manila, as reflected in the global and Asia-Pacific market at large. There is now a heightened need for open spaces, improved infrastructure, and sustainable architecture built around the “perfect conditions”.
Now, I would like to share these “perfect conditions” that should be in your consideration when purchasing your new home:
Advice for buyers and investors
Summarizing this comes down to one word: better. Better living, better circumstances, better timing that starts now. The demand for well-conditioned properties has grown significantly because of the pandemic. If you already have the capacity and the desire, consider your options now while landlords and developers are still flexible with their terms, and infrastructures and thoroughfare are fairly new.
Get to know the potential of a location of your next or second home. Does it carry those perfect conditions? It could be being located by beautiful beach, delightful views, and the exclusivity it gives them and their family.
Consider also the development potential of the area. Think three to five years from now. If you are located in a semi-remote area, will it give rise to essential commercial and recreational facilities? And if you are in a busy area, will future developments pave the way for better accessibility?
Ultimately, the home you should consider now is a place where you can have the best of both worlds; where business and pleasure can coexist harmoniously.
The pandemic has inevitably influenced the decisions of high-income earners in the Philippines with regards to their homes for the next 12 months. such as pent-up demand for new and second homes and a preference for low-density environments and wellness-related features such as air quality and green spaces.
Beach properties or the suburbs are top locations high-net-worth individuals are looking to acquire second-home investment. Here are 5 that are on the market right now.
The most common question during the pandemic is about timing. When is the best time to buy? The question must be: Where?