QC, Cebu are PH’s property hotspots—Lamudi
In its report “Hotspots unwrapped: 2020’s most popular locations”, Lamudi said Quezon City remains the most in-demand location in Metro Manila for property seekers, taking 12.76 percent of overall pageviews in 2020. It was followed by Makati with 7.16 percent; Pasig, 4.56 percent; Taguig, 4.4 percent; and Manila, 4.02 percent. Lamudi said these cities hosting central business districts attract a lot of renters near their workplaces. The same trend was also seen in provinces, with Cebu City hogging most of the interest with 26.56 percent, mostly renters. This is a big difference from the next hotspot Davao, which only had 8.29 percent of overall page views for provincial cities. Top choice for setting up shop “The popularity of Cebu as a location may be credited to the fact that it’s among the top choices of businesses setting up shop in provinces. For this reason, properties become more attractive to different kinds of homebuyers,” Lamudi said. Compared to Cebu and Davao in Visayas and Mindanao, other top provincial hotspots are near the National Capital Region and attracted more buyers of permanent residences than renters.
These include Bacoor, Cavite with 6.71 percent, Antipolo, Rizal with 6.66 percent, and Angeles, Pampanga with 6.19 percent.
Lamudi noted the most active seekers from the overseas markets are the millennials aged 25 to 34, yet the “most motivated” are the 45 to 54-year-olds looking for local properties for retirement.