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As we are now entering the new year, many investors are thinking about whether it is prudent to invest in real estate in the year 2024.

When it comes to investing in properties, many investors are looking for ideas on which cities or towns to invest in early in the year. Naturally, real estate investment forecasts are common around this time, as much as market predictions for the upcoming year.

Some investors are eagerly waiting to know about the different market conditions that will prevail in the coming year and what they will mean for them. They are also interested in knowing the best places to buy property in the near future — places that look very exciting and where they can expect a good return on their investment.

Let’s start talking about where to buy real estate in 2024.

Real property is a good investment option because there are many ways to earn from real estate. The investment returns that people get from this type are much better than those in investing in stocks and bonds. Generally speaking, property is considered as an investment that gives you the highest returns.

Why Is It Important to Invest in Real Estate in 2024?

Buying a property in 2024 can help you get a handsome ROI and appreciation. The pandemic has taught people that having a property in very good locations is very valuable. Demand for residential properties in prime addresses are higher than ever.

Renting out your property to make income is another great way to generate ROI. You could also purchase a very stable asset to hedge yourself from the impact of inflation. Long-term investors should consider buying a house in any area that is desirable because it can provide them with a good return on their investment.

If you own a condominium unit in a prime location, it will definitely help you secure your family financially, and it will be a valuable asset to own.

How to choose the right property for your investment in the New Year 2024?

You need to pay attention to several factors when you are considering buying a property for next year.

1. Within the Location for Work and Business – There will be huge demand for housing in areas where there are many new job opportunities. This will translate into a great demand for housing in those areas.
2. Connectivity – Find out the distance from urban areas and conveniences, which are connected to the metro, road, and other major transportation networks. If there is going to be a lot of development or new connectivity projects in an area, it is always a good idea to invest in that area.
3. Infrastructure – Check whether the civic and social infrastructure in an area is properly functioning. It is important that the area has roads, sewerage systems, plants, common amenities, street lighting, and other things that are necessary for the residents to function efficiently. It is important to know how well the locality is connected with the amenities of other localities, such as the schools, hospitals, banks, ATMs, petrol pumps, restaurants, shopping centers, and so on.
4. Security and Public Safety – It is important that you know if a location offers security. You should also evaluate how convenient it is to own property in an area.

ILOILO BUSINESS PARK ticks all the boxes

Philippines’ #1 township developer, Megaworld Corporation, creates real estate properties with the said factors in mind. Investing in real estate properties in any of their townships is a prudent choice and definitely considered to be smart investing.

Right now, Iloilo Business Park is the leading township development outside Luzon and investors, both local and foreign, are taking heed of the financial opportunities.

WATCH LATEST ILOILO BUSINESS PARK SITE UPDATE

 

 

 

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LIVE, WORK, PLAY & LEARN lifestyle — Megaworld’s vision that is now embraced and enjoyed here in Iloilo City.

Families in the Philippines are characterized by having extended families because of our culture of having close family ties. Many young professionals will still stay in the same houses with their parents or with their relatives even though they may have enough money to live independently.

Some young professionals already know that it is wise to invest in property and start living on their own. Young professionals should start investing their hard-earned money in real estate as soon as possible in order that they can live comfortably.

Living on your own: The Advantages

Living alone has its own advantages. One of the advantage is that one can do whatever one wants to do. It gives one the opportunity to learn capabilities as there will be no one else to help with chores or errands. Living alone leads to many new things to learn – even the simplest things. What one learns in life will help the person become stronger, mentally and emotionally, and allow one to take responsibility for his or her own actions.

Being proud of what you have accomplished is arguably the greatest benefit of living on your own. You feel like you have achieved something important in your life, especially if you bought your place with your own money.

Some people choose to rent an apartment to be independent, but some financially able young professionals decide to purchase a studio unit to live independently. Studios are really the perfect place to start an independent life. Whenever you want to start a family, you can always rent your current studio unit as a new source of income to support your growing family while you move into a bigger condominium unit or house.

 

Why Own Condo Units in Iloilo Business Park?

When purchasing a studio condominium unit, one must consider the location and the developer’s track record. Many Ilonggo young professionals decide to buy a studio unit in Iloilo Business Park because, besides the many towers that are available, the developer — Megaworld Corporation — is the leading real estate company in the country. Megaworld, which has a long history of providing only the best products, has successfully transformed Iloilo Airport into the dynamic business district that it is today.

Iloilo Business Park is home to a number of high-tech companies, world class hotels like the Richmonde Hotel and Courtyard by Marriott, as well as iconic convention centers like the Iloilo Convention Center (ICON), a lifestyle mall, a dining and retail strip (Festive Walk Parade), and transport hubs. Living in any of its six residential towers is a highly luxurious and convenient lifestyle.

Among the six condo projects in Iloilo Business Park, the One Madison Place complex has been turned over, followed by Lafayette Park Square. In The Palladium, units are gradually being unveiled to their new owners. The other towers — Saint Honore and Saint Dominique — are slowly being built, and units in the newly launched residential tower, The Pinnacle, are selling like hotcakes despite the pandemic that is gripping the world. There is no doubt that one can find what he wants from a condominium project in Iloilo Business Park, not only in terms of the building itself, but also in terms of the unit type. Apart from studio units, which are popular with young professionals, there are 1-bedroom, 2-bedroom, executive, and loft units available as well.

“I see an opportunity for me to grow and become more profitable.” said John, 28, BPO account manager, owner of a unit at One Madison Place. He plans to continue living independently and renting units in the future when he wants to move to a bigger place.

“Since my place is just a walking distance from where I work, I don’t need to stay at the sleeping quarters once my shift ends in the wee hours of the morning,” he added, further proving that there is, indeed, greatness in living independently, especially if your place is in Iloilo Business Park.

 

DO YOU WANT TO OWN A PROPERTY IN ILOILO CITY?

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+63 928 503 5321

Email: consult@iloilocondominiums.com