Okay, most Filipinos probably view Baguio City as a vacation hub or a getaway destination where we can escape and reflect for a few days. The city’s cool weather, awe-inspiring mountain views, laid-back lifestyle, and local indigenous identity have been fixtures in mainstream pop culture for a while now. At one point or another, we may have even thought that we just might want to reside in Baguio.
When you want to buy a home in the Philippines for property investment, you look to our urbanities for a condo for sale. They seem foolproof, sure. But the pandemic has changed all that. Now, you can buy real estate in provinces without the fear of missing out on economic opportunities.
So why reside in Baguio? Well, to invest in Baguio means to buy a home or condo for sale in one of the most famous tourist sites in the country. There will always be someone who wants to travel to Baguio. Every tourist will always be looking for a place to stay. And the thought of buying property to rent out or package as a vacation home doesn’t sound too shabby from an investment perspective.
If for instance, you’re an Overseas Filipino Worker (OFW) looking to relocate the family, the city has plenty to offer for your children. The price of goods and services is lower, too. According to Numbeo.com, the daily recommended minimum amount of money for food per person in Baguio is ₱8,177.55. In comparison, the minimum in Quezon City is ₱11,538.88.
Top schools like the Baguio National High School, the University of Baguio, and the University of the Philippines-Baguio are all in close proximity to one another, too. Of course, we don’t have to sell you on the weather, culture, parks, and sights. Baguio is just a good place to buy real estate on paper.
However, before moving here, there are external factors that need to be considered. First, it is recommended that you try to live here for at least a month or two to just see if the lifestyle suits you. It’s best to do your own homework about the local culture, as well.
When buying property, ask about the water supply. There’s a good chance that some houses may have an independent water source. Consider the Torrens Title of the property. There are certain homes that have a Certificate of Ancestral Domain Title. This refers to the title that recognizes the rights of possession and ownership of indigenous peoples over their ancestral land. That isn’t transferable and is covered under R.A. 8371.
Nevertheless, there are plenty of great options to invest in homes for sale in the area. Ohmyhome even has a few of them on our platform.
Property Investing in and Around Baguio
At Canyon Hill, you get to buy property near top landmarks and business centers. Here, occupants get to wake up to the scenic Cordillera mountain range. It also has easy access to Notre Dame De Chartres Hospital. Schools like the University of the Philippines-Baguio is just around the corner, too. Property prices range from ₱5,405,000 to ₱10,765,000.
If you want to buy a home along Marcos Highway, Moldex Residences Baguio might work best for you. The condo itself is inspired by the European alps, mimicking a timeless, worldly charm here in Benguet. Turning your space into an Airbnb wouldn’t be such a bad idea either. You can purchase a unit here for ₱4,589,760 to ₱5,069,120.
Situated in front of the Coyeesan, Sofia Terraces is right in the middle of our favorite Baguio hotspots. These include the Bencab Museum, Lourdes Grotto, Diplomat Hotel, and Pinewoods Golf Course. SM City Baguio and Baguio City Market are less than one kilometer away, as well. Here, you can purchase a condo unit of your own for ₱5,030,760 to ₱9,979,600.
The Mist, on the other hand, essentially offers the same property appeal as Sofia Terraces. The only difference is the pricing. It ranges from ₱3,800,000 to ₱7,800,000.
Bottom line, Baguio offers property seekers the opportunity to diversify their investment portfolio. You can only expect good returns from a property in the country’s summer capital.
If you’re looking to get a great deal for a home or condo for sale in Baguio City, you can book a free consultation with an Ohmyhome Property Agent today to get started. You might also want to look into promos to save more. Ohmyhome’s new Cashback program can do just that. With this exclusive offering, you can buy that second home and even earn money while you’re at it.
Ohmyhome was launched in the Philippines in September 2020, following the company’s establishment of a tech team in the country in 2017. Ohmyhome was originally founded in 2016, and subsequently rose in Singapore as a leading PropTech solution and licensed real estate agency.
Ohmyhome expanded into the Philippines so that Filipino home seekers can have a real estate partner that they can trust to have their best interests at heart and can be relied upon to provide exceptional services throughout the entire property journey.
Featuring thousands of properties across many of the Philippines’ major real estate brands, Ohmyhome differs from other local platforms by going the extra mile and extensively helping buyers narrow down their choices and find the property that best suits their budgets, home needs, and lifestyle preferences.
The company’s Real Estate Agents not only help in the shortlisting of options but also provide professional services through the entire purchasing process. These include assistance in property inspections, negotiations, the finalization of the Conditions of Sale, deposit collection, the submission of property documents, as well as providing buyers regular updates.
Ohmyhome helps Filipinos find their dream homes, all while making sure each real estate transaction is complete and is an efficient and enjoyable experience.