Makati has one of the highest metropolitan populations on the planet and is the financial capital of the Philippines. This Metro Manila area is the 16th largest city in the country and is home to the Philippine Stock Exchange, the Makati Business Club and excellent research universities. This major commercial and economic hub has a steadily increasing population, which has driven property companies to develop quality affordable homes within the eastern portion of the city. Some of the most popular areas for inexpensive homes include the Makati city region. All over the city of Manila, apartments and condominium units are the preferred housing types. Investors who are capitalising on the potential for capital gain and rental income are now quickly buying up Makati condos and apartments in Manila.
If you are seeking a great property investment in the Philippines, then check out the advantages of purchasing an apartment to rent in Makati. Because Makati is a financial center and houses world-class universities, there are many working class people and students in the region who cannot afford or simply do not currently wish to buy a property. Makati Apartments are in high demand. There are always people looking to rent an apartment near their school or their work. The thriving job market is expected to drive the demand for rental property further in the metropolitan area of Manila over the next three years.
One of the main concerns of domestic and international real estate investors is capital gains. Makati’s reputation, convenience, and flexible options, make property in Manila very appealing. Financial experts in the real estate sector predict a 10% year-on-year capital growth for condominiums and apartments in the Philippines. As more investors realize the potential profit in Makati, a growing number buy property. Increased sales lead to property appreciation. Purchasing now rather than later should generate larger capital appreciation. And some of the new off plan developments offer even higher capital growth potential of around 100% over the build time of the development.
If you are interested in earning 10% per year capital on your investment as well as regular rental income, consider investing in an apartment in Manila and specifically in Makati. Developers are building properties in Makati to keep up with the increased demand. Therefore if you are interested we recommend you buy while prices are still low or go for an off plan development from a trustworthy and well established developer and invest in your future today.