If you want to invest in real estate, look for areas that are growing and have a clear path to becoming full-fledged destinations.
San Vicente is still not fully built up, which means that property values haven’t reached their peak yet.
In fact, there are still a lot of cheaper properties outside of Long Beach.
You can still get the missing pieces.
Now, here’s the sad truth: your savings or deposits at a bank earn less than 1% interest per year. That’s less than ₱10,000 per year, and if you have at least ₱1,000,000 in the bank, you still have to pay taxes on it.
That’s what we call banking!
Do you know that beachfront properties in San Vicente were selling for ₱200,000 per hectare about 20 years ago?
Now, it costs between ₱20,000 and ₱27,000 per square meter in Long Beach, depending on where you look.
So, if you could buy a hectare (10,000 square meters) of selling for ₱200,000 in the past, it would cost between ₱200,000,000 and ₱270,000,000 to buy it now!!!
That is called investing in real estate.
A few decades ago, beachfront properties in Boracay sold for between ₱2,500 and ₱5,000 per square meter. Now, each square meter costs more than ₱100,000!
Real estate has been shown to be a low-risk, high-yield investment whose value goes up even during inflation and pandemics.
Ten years ago, properties with rice fields sold for ₱200,000 per hectare.
At the back of Long Beach, it now costs anywhere from ₱500 to ₱1,000 per square meter, depending on where it is.
If you could buy a 10,000-square-meter rice field for ₱200,000 in the past, it would cost between ₱5,000,000 and ₱10,000,000 today, depending on where it is located.
Trivia!
Do you know that Megaworld sold all of its first batch of commercial lots in Paragua Coastown for more than ₱40,000 per square meter in the year 2022?
That’s during pre-selling, and that’s a “lot only”!
Here’s some more trivia!
Before Megaworld opened Paragua Coastown, some nearby properties were selling for ₱2,500 to ₱3,000 per square meter per year.
After the said launching, the prices of many lots in Kemdeng immediately went up to ₱5,000 per square meter, depending on where they were.
Think about the future of your San Vicente investment!
It’s full of investors, so sooner or later, their projects and developments will start.
And San Vicente is full of possibilities and chances!