Cebu is the only province among the 20 most-searched areas in the Philippines. Its economy and infrastructure are the largest in the south making it also as one of the top choices for homebuyers and property-hunters.
The ongoing trend in high-rise condominium developments has reached the area as well, and many local property investors and buyers alike are looking into embracing the condo living lifestyle.
But what really makes people buy a property in Cebu?
The “Queen City of the South”
Many tourists and expatriates appreciate the friendliness, humility, and hospitality of the Cebuanos. It is a popular destination for its white-sand beaches and islands offering many activities like diving and parasailing. And its main attractions, like the Bantayan and Malapascua Islands, never fail to wow the visitors.
This entices visitors to stay long or even live in the province for good, that even expatriates consider it as a good place to retire. Cebu’s cost of living is 3.11% lower than Manila, making it a more affordable alternative than the country’s capital.
On top of that, Cebu brings people closer to nature and provides a laidback lifestyle to whoever decides to visit or stay. The convenience of living in the metropolitan areas of Cebu, 32 Sanson by Rockwell shares, harmonizes with the calmness of its natural surroundings.
Cebu’s rapid urbanization
The Local Government Code of 1991 cites that a city can be declared highly-urbanized if it has a population of 200,000 and an income of P50 million. Several cities in Cebu are already highly-urbanized, and their economy continues to develop with ongoing investments in business process outsourcing, tourism, and real estate development.
Today, many local and international residents and tourists find Cebu as one of the best places to look for properties, both as an investment or a home. As Cebu shows a strong economy, many investors are confident in developing commercial and residential projects, including condominiums and mall chains. Also, Cebu is home to world-class universities offering in-demand courses, like Medicine, Engineering, Nautical courses, Nursing, Law, Commerce, Education, and IT.
Recently, Cebu ranked 7th worldwide as a top destination for outsourcing. There are over 130 Information Technology (IT) and Business Process Outsourcing (BPO) firms located in the province, with over 95,000 employees.
Cebu, as a province, continues to entertain tourists with its beautiful islands. And as people can’t help but fall in love with it, it can expect more new settlers and even more developments in the future. The province keeps up with the economic pace and lifestyle that people have in the North.