Cavite Home Prices Around 30% Cheaper Than City Rates

Brand New Luxury HomeAlmost every Filipino will consider the price of a home as their top reason, whether or not to purchase the property, with location likely being the second factor.

In Cavite, home buyers may save around 30% in costs compared to acquiring property in cities, according to Pronove Tai International Property Consultants. Cavite Properties note that the province’s proximity to Metro Manila makes it even more attractive not just for buyers, but also for developers and investors.

Transport Infrastructure

Pronove Tai CEO Monique Pronove said that the emergence of many transport links to Metro Manila allowed easier access to different cities. For instance, the Manila-Cavite Expressway connects the South Super Highway to Daang Hari, which lets residents travel to Muntinlupa or Las Piñas.

These transportation links led to the construction of more township developments. As a result, land values in Cavite have increased by 300% over the past ten years, according to Pronove Tai. This bodes well for investors that made a bet on the region’s property market.

Even as land prices increased, more buyers can still find it cheaper to acquire a spacious home than a small condominium unit in the city, Pronove said.

Competitive Pricing

The different prices offered by developers can be a confusing chore. If you have been considering a house and lot in Lancaster New City, a review online helps you reach a decision.

Enrique Soriano, executive director at Wong + Bernstein Advisory Group, said that house-and-lot packages still account for the biggest share of transactions in the residential property market with an almost 76% share.

For this reason, you may expect to see competitive prices from developers as they try to outsmart each other in luring clients.

While it may be cheaper to buy a house in Cavite, you need to consider all options and review prices before signing along the dotted line in any contract.