Why it is irrefutable than ever
Through time, so many factors have driven more and more people to make real estate one of the major investments in their lifetime. Considering these matters, what still rings true today is the supported fact that property values appreciate over time. With the unpredictability of the economy, you might ask, how so?
Real estate is a tangible asset, which quite simply put, it cannot be stolen nor lose value. According to an article by Thomas Black for Forbes, land does not decrease in market value. This makes it the perfect investment. If you are unsure of where to put your hard-earned money, this could be the place you should start looking at.
If owning a property on a land that does not lose its value is not enough to get you on homebuying, how does passive income sound to you? With people’s perpetual need for a place to live in, properties become sources of passive income. Earnings from passive income are the money you get without putting in real effort or regular work, unlike what employees do. This is a common strategy done by most homeowners and works for single-detached units and townhouses. By renting out a property, you get steady cash without putting in much effort and there will be people who will look after your place. Sounds like a win-win situation.
Now to appreciation. Like most consumer products, appreciation in real estate is the increase in market value over time, depending on factors such as demand, population, location and the economy in general. All factors mentioned above contribute as well to the overall appreciation of real estate. Moreover, with the rapid developments not just in the metro but in the emerging cities, you best believe that the economy in these areas would thrive along with it. Some of the fast-growing cities near Metro Manila are Clark, San Fernando (both Pampanga) and Batangas, among others. Visit www.nortpineland.com to discover house and lots in Pampanga available for you.
Impressive appreciation and a robust progress in economy are particularly true for the Philippines today. As reported by Global Property Guide, the country is now “in the 8th year of house price boom” and “continues to perform very well amidst strong economic growth.” With facts speaking for themselves, it is undeniable how owning a property could most likely be the smartest investment move you ever will make.
With such news of the real estate industry staying bullish amidst aggressive developments and more places opening opportunities for families and individuals, now is the perfect time to invest. Whether you are in it for appreciation or depending on increasing value for opportunities of marketing, earning cash through passive income or simply to find a personal space as you go about your day to day business, your very own property is something that will give you financial freedom more than anything.