The growth of Baguio's Real Estate market is booming and still growing up today. This meteoric rise was not limited to the city of pines. It has also trickled down to its connecting provinces. Today, I will discuss promising regions and which specific areas you should invest in.
Disclaimer: This is only an opinionated blog. It should not be based on financial advice in real estate investing. I am just sharing my knowledge and experience in real estate.
Baguio City is one of the only two recognized cities within the region of CAR (Cordillera Administrative Region) in the Philippines. It was nestled within the center part of Benguet province. The province of Benguet has different places called BLISTT, meaning Baguio-La Trinidad-Itogon-Tuba-Tublay. And most of these provinces are surrounding Baguio City. So, think that Baguio is within the center area and the connecting provinces, which covers Baguio.
Baguio City admittedly is becoming one of the most expensive real estates in the Phillippines. How can now Baguio cater to the median or, as we say, middle-income earners? Who wants to have a property in Baguio. Then the answer is to invest in the outskirts city of Baguio. So, why? You might ask.
These are my Top 3 Reasons, Why to Invest in these Provinces.
- They have similar weather as Baguio.
It is all known that Baguio's weather is cool all year round, even in summer. That is why it is dubbed as the Summer Capital of the Philippines. The Philippines, as all again may know, is a tropical country that is hot and humid and Filipinos and foreigners love to travel up to Baguio to enjoy its cool weather.
The weather is not all that different if you go out to Baguio. Even you go further north, the weather is even much colder. Some parts of Sablan and Tuba are already around 500 to 800 meters above sea level, and the climate is a bit warm. This is natural because the warm sea breeze air and the cold mountain air meets, but the weather is tolerable because it is not humid.
Benguet province has a good weather climate, not only Baguio has it. So there is no reason investing in these connecting provinces will affect enjoying the cool weather it provides.