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Where are the reasonably priced homes in the PH?

While the Philippines country continues to face the challenge of a growing backlog in affordable housing, or homes priced P3 million or less, there remains an excess supply of medium-cost (P3 million to P4 million), and open-market or high-cost (P4 million or more) homes in the country.

In a recent joint report by the Subdivision and Housing Developers Association and the Center for Research and Communication of the University of Asia and the Pacific, residential properties priced P3million to P6 million remain the most available on the market.

Lamudi Philippines analyzed its residential listings for the first quarter of 2018 to share which areas it has observed to feature the most homes being sold for P6 million or less.

Cebu City

Accounting for as much as 20% of the over four million homes priced P6 million or less listed on Lamudi for the first three months of the year, Cebu City also received the second most views for such properties on the website.

General Trias, Cavite

The location of over 8% of the residences listed on Lamudi priced P6 million or less, General Trias continues to be among the locations most considered by property seekers interested in reasonably priced homes that are within a manageable distance of the National Capital Region.

San Mateo, Rizal

The locale observed to have the third most number of options in terms of residences for sale priced P6 million or less is the municipality of San Mateo in the province of Rizal. 

Lapu-Lapu, Cebu

Taking on just under 5% of the listings of homes priced P6 million or less, Lapu-Lapu City in Cebu maintains its place as the most ideal place to search for residence in the Visayas outside of capital Cebu City itself. 

Lipa City, Batangas

While also on the pricier side at an average of P5.8 million, Lipa City homes continue to receive a great deal of interest, given that it is in a province that is not only within a relatively manageable distance of Metro Manila, but is also a popular tourist and vacation destination in Luzon.

Topics: Subdivision and Housing Developers Association , Center for Research and Communication , University of Asia and the Pacific
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