PROPERTY SEEKERS consider Quezon City as the top location when looking for houses, apartments, land and foreclosed properties, according to online property marketplace Lamudi.
In its report “The Digital Property Seeker Series 2019: 2018 Real Estate Market Overview,” Quezon City emerged as the most searched location in the following categories: house, foreclosed properties, land, and apartment.
For the house category, Quezon City accounted for 21% of the visits on Lamudi, more than double Parañaque City, which was in second place with 10%. They were followed by Las Piñas City (6.41%), Pasig City (3.83%), and Cebu City (3.07%).
“Those choosing to set up their residence in these areas could easily access the vastly improved public transportation network promised by the BBB (Build, Build, Build),” Lamudi said.
Among the major infrastructure projects in Quezon City are the first phase of the Metro Manila Subway Project at Mindanao Avenue, Tandang Sora and North Avenue, in Quezon City, and the Manila Metro Rail Transit System Line 7 (MRT-7) that would run from San Jose Del Monte, Bulacan to North Avenue in Quezon City.
For foreclosed property, Quezon City also topped the search category with 7% of the sessions, followed by Dasmariñas City (5.57%), Bacoor City (4.18%), Las Piñas City (3.30%), and Imus (3.16%).
Lamudi said the interest in foreclosed properties in several cities in Cavite “shows that investors are considering locations in different parts of the country.”
For lots, Quezon City was still the most searched location on Lamudi, followed by Tagaytay City, Antipolo City, Santa Rosa City, and Davao.
Lamudi noted apart from Quezon City, many property seekers are looking at investing in land outside of Metro Manila.
“While it is not conclusive, these searches could be in response to the government’s initiatives to decongest Metro Manila,” it added.
Quezon City also dominated the sessions made for apartments accounting for 24.71%, followed by Makati City (11.95%), Manila (7.53%), Cebu City (5.42%), and Pasig City (6.01%).
“It generally implies that apartment living in metropolitan areas would naturally rank high in this category. Apartments are a less costly alternative to houses and in some cases, condos. It is a logical choice for those who are living and working in major metropolitan areas,” Lamudi said.
For condominiums, Makati took the top spot, accounting for 17.8% of the sessions made on Lamudi. It edged Quezon City (15.37%), Taguig City (10.91%), Manila (11.68%), and Mandaluyong City (10.68%).
“It is no surprise that Makati occupies the number one spot. The city is home to the country’s premiere business district. Office workers could simply walk to their workplace from their condo. What is revealing about this data is the placement of Quezon City at number two. The increased conveniences of public transport has made it easier to come from this location with the MRT and LRT lines intersecting in Cubao, a main junction,” Lamudi said. — Vincent Mariel P. Galang