Bacolod tops Phl cities in search traffic for properties
MANILA, Philippines - Recent investments made by the country’s top real estate players have spurred the interest of many to look for homes in Bacolod, according to global online property portal Lamudi.
In its recent report, Lamudi said the city of Bacolod in Negros Occidental topped the list of Philippine cities that experienced a spike in search traffic in the first quarter of 2015.
Lamudi said search traffic for Bacolod increased by 279 percent from the fourth quarter of 2014 to the first quarter of 2015 due mainly to new projects launched by big developers in the city.
“Bacolod is one of the Visayas region’s most buoyant property markets. Recognized as one of the top 100 outsourcing destinations worldwide, the city has also proven itself as a leading business hub,” it said.
Lamudi said Bacolod City is currently experiencing its best real estate market condition in 20 years.
Based on its research, Lamudi said the number of property listings in Bacolod as of end of May stood at 1,674 while average house prices are at P7.1 million.
Construction is flourishing and property prices have gone up by as much as nearly 50 percent, particularly in the downtown areas. A bidding war between property giants Ayala Land and SM Prime Holdings is believed to have pushed prices up further,” Lamudi said.
Aside from Bacolod, Antipolo also remains a popular city outside Metro Manila among online house-hunters.
“Antipolo has long been a preferred residential area of people working in Metro Manila. The city has approximately 870 properties listed, while the average price of a home here stands at P3.93 million,” Lamudi said.
On a global scale, meanwhile, Lamudi said the Philippines remains a top investment residential choice among foreigners.
No comments:
Post a Comment