Residential real estate investors should consider Cavite as their next housing venture, as land values in the province have increased 300% over the last ten years, according to Pronove Tai International Property Consultants.
Pronove Tai International CEO Monique Pronove said that the province ranked second based on the National Competitive Council of the Philippines’ analysis of provinces, especially when it came to economic competitiveness.
In 2007, land prices for an exclusive residential village in Cavite amounted to P10,000. Today, however, it has now increased to P40,000. This significant increase in real estate values has attracted investors and even homebuyers to find properties in Cavite, such as Lancaster New City. Pronove said that infrastructure around and within the province serves as one attractive feature.
For instance, the Lancaster New City development in Cavite offers the same amenities that you can find in urban living without the traffic and pollution. The master-planned project is one of many communities, which promise to provide the modern convenience that is similar to living in Metro Manila at a cheaper rate. A home purchase in Cavite lets you save around 30% on costs when compared to prices in the city, Pronove said.
The recently completed Manila-Cavite Expressway paved the way for the construction of more residential townships in the province, according to Pronove. While it remains near the metropolitan areas, the area is still accessible to nearby vacation spots.
Cavite’s nearness to Batangas allows residents to escape the fast-paced lifestyle in the city. It also lets you travel to popular weekend destinations such as Tagaytay. You could say that the province provides the best of both worlds.
It is unsurprising that Cavite has emerged as one of the fastest growing provinces in the Philippines, due to its proximity to Metro Manila and the development of several modern housing options. Make your next real estate option in Cavite.