Things To Know Before Investing in Condos this 2021

 

With the number of business closures and livelihoods negatively affected by the global pandemic, some people have put their investments on pause. For others, it’s back to square one. It can be terrifying, but we did learn one thing about it - we may not be as secure as we think. Thousands of Filipinos have to overcome the adverse effects of sweeping lockdowns, including job layoffs and mental and physical exhaustion. 

 

One thing is clear, right now is the best time to take action for the future. 

 

This proves to be true since, according to Colliers International, 86% of luxury and mid-market property developments to be completed between 2021 and 2022 are already sold.

 

Without a doubt, real estate investment remains one of the guaranteed ways to earn benefits, be it from profit to ownership, among others, over time. You’re not losing anything from paying your monthly payment for properties. Instead, you’re funding the home of your dreams and securing your family’s future.  

 

So, why should you invest in real estate this 2021?

 

During the last quarter of 2020, there was a high demand for pre-selling properties, according to JLL Philippines. Some of the luxury properties are even doing relatively well, considering the state of the economy then. 

 

This can be explained by the shift in consumer’s priorities along with the new normal. Since the work-for-home setting is required for most working Filipinos, they’re more likely to invest in their own space now, whether that’s through purchasing a condo unit or redecorating their room. 

 

First Metro Investment Corporation projects the Philippines will record 6- to 7-percent GDP growth and attain USD4,000 per capita by 2023. Meanwhile, Bangko Sentral ng Pilipinas says that they’ve envisioned a scenario where GDP growth could reach as high as 10 percent in 2022.

 

This means regardless of the COVID-19 virus, the economy is expected to recover and will steadily grow beyond this year.

 

Additionally, real estate investments’ value appreciates over time. If you consider investing in it, you will be rewarded with high returns and opportunities and reap the benefits of your property in a few years through continuous improvements within its vicinity.

 

If you’re having second thoughts on investing, the demand is still high for all kinds of property, so while selected discounted condo units last under Empire East’s SUPER OKS Promo, where you can get up to a 15% discount, take advantage of it. Today, to make sound decisions, take a risk at what future recovery will look like, where you can expect market items will go back to the way they were, or more.

 

Did you find this helpful? Follow us on social media for more investment tips! We’d also love to hear from you there.

 

Great news! The SUPER OKS Promo is EXTENDED until June 30, 2021. Grab the 15% discount on Empire East’s newest and biggest project to date -- the Empire East Highland City in Pasig-Cainta area while you still can! 

 

You may also send an email to inquiry@empire-east.com or call 0917-8-EMPIRE (367473) or (02) 8810-3333.