The Philippines is a beautiful country known among the best travel destinations for having lovely beaches, historic places, an abundance of delicious fruits and many other amazing places to visit.
Three of the world’s largest shopping malls are located in the Philippines, and it is one of the world’s largest producers of coconuts. Although the Philippines is a cheap travel destination, the people looking for lavish life can buy expensive property in some cities of this country. Here is a list of the five most expensive places to buy property in the Philippines.
- Quezon City
Quezon once was the capital city. Now it is the second richest city in the Philippines, with a net worth of Php31.920billion.
This city is home to the two most popular universities in the Philippines, the University of the Philippines and Ateneo de Manila University. You can buy a house if you want to sell your house quickly, in the center of the city at an average price of PHP8,640,000, or 179,063 US dollars.
- Cebu
Cebu is a famous city in the Philippines. It is the home to oil companies and financial headquarters. This place is perfect for those who want to put money into real estate but don’t want to settle just yet. The price of a house for sale in Cebu city on average is PHP 13,000,000.
- Pasig City
It gains a third place among the top wealthy cities of the Philippines. It has a net value of Php20.002 billion. Like Makati, this city also has a commercial business center in the core of Ortigas center, just at a small distance from a popular mall.
Buying a condominium here is easy as compared to houses and apartments. The prices of apartments have gone 39% UP over the last year. If you sell your home fast, you can buy a beautiful apartment here at an average price of PHP 19,521,328.
- Manila
It is astonishing that despite being one of the largest cities in the Philippines, it still secures 4rth place with a net value of Php 13.100 billion. Manila is the capital of the Philippines, and this city is famous for many tourist attractions.
The residential properties have high security here. You can enjoy an amazing lifestyle here. Manila is a very expensive city in terms of real estate. People looking for a luxury apartment can buy one at an average price of PHP 29,600,721.
- Makati City
Makati City is among the most expensive cities in the Philippines. It is the economic center of the Philippines, and it is the richest town with a net worth of Php34.465 billion.
According to a 2017 report, this city has 83,000 establishments, 62 malls, and 569 banks in Makati City. There are many houses, rooms, and apartments for renting and buying for the people looking for a property in this city.
The most expensive houses are located in the center of the city. The average price of a house for sale in Makati is PHP 107,190,000, equal to 2,221,506 US dollars. The price to a property cash buyer can vary depending upon the size and location of the house.
