As cases of coronavirus continue to rise in the Philippines, several industries have been badly affected—and the real estate market is no exception to this. The uncertainty of the pandemic and its impact on the economy has prevented real estate investors from committing to deals.
But unlike the number of foreclosures experienced in the Great Recession, experts believe that the impact of COVID-19 can still end up on a positive note for real estate investors. It’s possible that enterprises push interest rates even lower. As investors start thinking the stock market is too risky, the demand goes up which pushes the price of bonds higher. And the higher the price of bonds, the lower the interest payment is.
This period of uncertainty is also the best time to learn more about passive income investments such as real estate opportunities in Palawan. With the right kind of strategy, you can earn profit by renting out a unit at this world-class tourist destination.
Still not sure about settling in this pristine location? Check out these 4 reasons to invest in Palawan beachfront properties.
4 Reasons to Invest in Palawan Real Estate Properties
1. Palawan Will Continue to See a Boost in Tourism
It’s only a matter of time until tourists (whether local or foreign) would explore and travel around the world again. After all, most were under strict quarantine periods and were not allowed to go anywhere. Thus, more people will be eager to indulge in experiences they’ve missed out on due to the coronavirus outbreak.
One of the top tourist destinations that they can visit is none other than the Philippines’ last frontier, Palawan. Having reached an unsurpassed high in tourist arrivals back in February 2019, the island is expected to see, more or less, the same number of visitors once a cure and vaccine for coronavirus is discovered.
With these in mind, you can start considering investing in Palawan properties as the island is definitely about to become one of the go-to destinations not only in the Philippines but also in Southeast Asia.
2. Palawan Properties are Ideal for Long-Term Investments
Despite the impact of COVID-19, Palawan is expected to quickly pick up where it left in the tourism industry and grow even more exponentially. As such, it’s only ideal to invest in Palawan properties now instead of later as investment rates can be at its all-time high once the island regains the peak of its popularity.
You also don’t have to worry about the long-term as many areas being developed in Palawan are carefully laid out and designed. This means that the island’s natural beauty would not be degraded and instead, be preserved no matter how popular it is set to become. It is named one of UNESCO’s Heritage Sites, after all.
3. Palawan is Relatively Safe for Future Homeowners
For those who are thinking about their safety, you can also be ensured that Palawan offers it.
While it’s always best to be observant of one’s surroundings, you’ll find it comforting that Palawan has a stable peace and order situation with low crime rates. This is ideal for those who want a serene and simple lifestyle in a well-protected area.
In terms of safety during natural disasters, you’ll also be pleased to know that Palawan rarely experiences storms and earthquakes compared to other islands in the Philippines.
4. Palawan is a Piece of Paradise for Your Taking
Palawan is one of the remaining few pieces of paradise left on the global real estate market. Unlike other popular destinations, it has not yet experienced overcrowding and lack of proper maintenance, thanks to the local government’s robust pro-environment regulations.
Today, it still remains to be one of the top locations to visit in the world for adventure seekers and thrill-seekers. Palawan is also listed as one of the best places to retire in the world. That’s why you need to really consider investing in a rental property in Palawan to accommodate this possible demand after the coronavirus outbreak.
Despite COVID-19 severely affecting a number of industries around the world, the real estate in the Philippines is expected to recover quickly and even yield positive outcomes. This is an opportunity investors shouldn’t miss. Now is a reasonable time to explore your real estate options such as rental properties in Palawan.
ALSO READ: Why Buying a Beachfront Property in the Philippines is a Smart Decision
Are you interested in investing but not sure where to start? CitiGlobal, one of the rising real estate developers in the Philippines can guide you through your vacation rental property investments regardless if it’s your first deal or not. We offer condotel investments such as the Diamond Beach Residences, in which you can own a Palawan beachfront property for sale at a relatively modest price.
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