How Tourism Affects the Value of Real Estate in the Philippines

After two long years of suffering from the virus that keeps us from doing what we love to do, it is now our time to bring back the happiness and freedom that were taken away from us for a long time due to this uncertainty. Now that the economy is slowly returning to its original state, most local government units allow visitors to enter their vicinity.

Perhaps it is the right time to discover the wonders we have here in the Philippines and how these wonders will provide business opportunities that will generate income soon.

House and Lot | Condo for Sale | Camella
Camella Properties | Real Estate Developer in the Philippines

Our country, the Philippines, is rich in history, culture, customs, traditions, and agriculture since it is a tropical country. More so, there is hidden beautiful scenery that is yet to be discovered by us. These ethereal sceneries could help the economy of the Philippines through tourism.

Nowadays, tourism is one of the factors that seems to have a significant impact on the economy of our beloved country because we have some of the most beautiful tourist attractions in the world, enticing even foreign visitors and investors. As a result of the high tourism statistics, accommodations and real estate properties are the best investments if you live near tourist attractions.

It is not concealed in our minds that travelers occasionally book accommodations for their vacation, so real estate property is popular during months when people go on trips, like summer days. Through tourism, businesses are alive, and many entrepreneurs are taking advantage of this opportunity. 

How Tourism Can Affect Your Real Estate Value

After two long years of suffering from the virus that refrains us from doing what we love to do, it is now our time to bring back the happiness and freedom that was taken away from us for a long time due to this uncertainty. Now that the economy is slowly returning to its original state, most local government units allow visitors to enter their vicinity. Perhaps it is the right time to discover the wonders we have here in the Philippines and how these wonders will provide business opportunities that will generate income soon.

Our country, the Philippines, is rich in history, culture, customs, traditions, and agriculture since it is a tropical country. More so, there is hidden beautiful scenery that is yet to be discovered by us. These ethereal sceneries could help the economy of the Philippines through tourism.

Nowadays, tourism is one of the factors that seems to have a significant impact on the economy of our beloved country because we have some of the most beautiful tourist attractions in the world, enticing even foreign visitors and investors. As a result of the high tourism statistics, accommodations and real estate properties are the best investments if you live near tourist attractions.

Real Estate Trends 2021
Real Estate Buying Trends from 2021

It is not concealed in our minds that travelers occasionally book accommodations for their vacation, so real estate property is popular during months when people go on trips, like summer days. Through tourism, businesses are alive, and many entrepreneurs are taking advantage of this opportunity. 

It may be a question to you how tourism can affect real estate value. Well, the value of your real estate property varies from its prime location. Let’s say, for example, your condo unit or your house and lot is located in the vicinity of Boracay. In that case, the value of your real estate property is much higher than that of those real estate properties located in areas where tourism is not as rich.

This is because the condo units or houses and lots near tourist attractions are in demand. The higher the demand, the higher the possibility that entrepreneurs and people in business will take advantage of this opportunity to raise the prices of these properties. Moreover, there are many businesses near your property’s places of interest.

Businesses Opportunities Beyond Ethereal Beauty

Buying a Foreclosed House and Lot | Photo from Fit Small Business
Buying a Foreclosed House and Lot | Photo from Fit Small Business

Since the Philippines is a tropical country that holds more than seven thousand islands that give off a vibe as if you are in paradise, it has become a destination for travelers wanting to communicate, connect, and witness the ethereal beauty of nature. Suppose you have a condo unit or a house and lot near the most visited places in the Philippines. In that case, you are provided with great business opportunities, and all you have to do is decide whether to do business. Here are some business ideas you can do if you have a property near the tourist spots in the Philippines.

Staycation

Whenever travelers go on a vacation, one of the things they are looking for is accommodation for their overnight stay. So in case you have a condo unit or a house and lot near the place of these travelers’ itinerary, your home can potentially generate income by renting it out to accommodate visitors looking for a place to rest or a staycation layover for a night or two. There are websites and apps that arrange accommodation bookings.

You can publicize your business in these travel agencies to reach more tourists and let them know that your place is available for rentals. If you don’t want to engage your existing business in these travel booking platforms because some of them acquire expensive commissions, then make your way to popularize the property that you are offering to visitors. You can advertise your unit through social media platforms such as Facebook, Twitter, Instagram, Tiktok, etc. By doing this, you are helping lodgers to find your place much more accessible.

Pump Up Your Summer With These Playlists | House and Lot in the Philippines
Pump Up Your Summer With These Playlists | House and Lot in the Philippines

It is a promising industry because you don’t have to give much of your time monitoring it, unlike other businesses that need inventory every day to check the situation and the company’s progress. All you have to do is to make sure that the place is always neat, clean, welcoming, safe, and secure so that the visitors will not get disappointed with the quality of the service you are offering. Consider the ambiance of your unit; this will make visitors give your place a good review and recommend you to their family and friends.

The interior design of your room matters most of the time, so make sure to decorate it in a way that tourists will get attracted to the setting of your site. Nowadays, most people like to stay in an eco-friendly unit where they can connect with nature, but some would like to be in a room with artistic interior design. We all have our design preferences, but to boost your business, it is much better if you go with the trend. 

Café

Are you a fan of coffee and pastry? Do you love to bake cakes and cupcakes and make different beverages with or without caffeine? If the answer is yes, and you have a property just a few steps away from one of the popular tourist attractions in the Philippines, then establishing a coffee shop would give you good fortune. Opening a coffee shop for vacationers to break from a long drive is good, especially in cold places like Baguio, Tagaytay, and Antipolo. As a traveler, a cup of coffee would be great before starting the long, tiring, but worthy trip. The fluffy and sweet pastries are the perfect combination for the pungent aroma of coffee. This is ideal for visitors who want to stop over for a few minutes before visiting their destinations.

Coffee Project
Coffee Project

Of course, the ambiance of your shop will make a good impression on customers who will decide to witness and experience what your shop could offer. Perhaps it’s much better to design your shop in a unique way that will attract customers, and you might as well make your trademark that tourists will remember as a place where coffee and pastry taste like no other. Some visitors are bringing their pets with them, and it won’t be too much to make your shop a pet-friendly café that allows pets to go inside. Just give a specific place where pet lovers can sit and relax because some customers don’t like to be near cats and dogs or are allergic to them. Since we are already in the modern world, folks tend to visit instagrammable coffee shops where they can take good-quality photos of aesthetic surroundings to post on their social media accounts. Tasty coffee and pastries plus aesthetic surroundings and peaceful ambiance are the things that will make your business successful. 

Souvenir Shop

No one could ever forget to buy souvenirs as a remembrance. Travelers will always bring something from the place they visit so that they can remember their memorable happy trip. They sometimes buy a lot of these souvenirs as gifts for their relatives and friends. Suppose you have a property strategically located where tourist spots are near. In this case, you can establish a business that will generate income and increase the value of real estate property. Souvenir shops are ideal for real estate owners, especially if the site is at the exact location where attractions are located. Aside from the main attractions, some places where people can buy t-shirts, key chains, or locally made products are also the most visited areas.

Gold Cup Specialty Coffee in Puerto Princesa Palawan
Gold Cup Specialty Coffee in Puerto Princesa Palawan

There are many souvenir shops in all tourist sites here in the Philippines, so make sure to make yours unique. Relate your products to the main attractions where you are located. If you are near beaches, sell something related to the sea or beach. If you are near hills and mountains, sell products related to nature. However, don’t limit yourself to key chains and t-shirts. Art is massive. You can also establish a tattoo shop or henna shop. Also, it is okay to sell other wearable products such as bracelets, anklets, and more. Some tourists are also looking for paintings and sculptures, so if you have the talent, why not let the arts get you some fortune? On the bright side, advise your customers that the best souvenir they could bring to their homes is their experiences and happy memories at the place. 

Restaurants

Fast food Meals Photo from Campaign Asia
Fast food Meals Photo from Campaign Asia

Most important than other things: Food. Who can ever resist delicious food? Many folks would love to taste delicious delicacies and dishes from different provinces and cities as they travel, which only means that restaurant is a good kind of business in places where tourist spots can be seen. If you purchase or own a condo unit or a house and lot in the same areas where famous tourist attractions in the Philippines lie, and it is your passion to cook, we suggest you build a restaurant because we all know that people love food!

Just be sure that you make your menu unique but have a variety of choices and that all the food being served is worthy of the price. Also, it is recommended for you to try local food, as well, that can be tasted around your area. People are fans of the unknown, so they will love to try new things and new food for the cost of a unique experience.

Investment

Real Estate Investments (Filipino Millennials)
Real estate investment for Filipino millennials

 It is also a wise decision to own a home or a unit near tourist attractions. Why? Simply because it will generate a good amount of profit in the long run. Let’s say, for example, you purchased a real estate property this year. In 5 to 10 years, the value of your asset will increase since real estate property can or is more likely to increase. Its location would also matter, primarily when your unit is located in the booming tourism industry. 

You can do a lot of businesses through your real estate property, which means that its value is higher, not only because it will appreciate as time goes by, but also because of its characteristics and capability that can generate income. But the catch is, what are the best places to invest a real estate property?

What Area in the Philippines is Best for Real Estate Investment?

There are lots of places in the Philippines where opportunities are present. In the northern part of the Philippines, which is Luzon, lie the thriving cities and provinces of Dasmarinas Cavite, Pangasinan, San Jose Del Monte Bulacan, Pampanga, Tarlac, Sorsogon, San Ildefonso Bulacan, Tarlac, Lipa Batangas, Rizal, Laoag, and Antipolo. These municipalities and provinces have proven their capability to generate a good amount of revenue, so if you are located in one of these places in Luzon, especially in one of the communities of Camella, then it means you are being served business opportunities that you can take advantage of.

Just in case you are residing in the heart of the Philippines: the Visayas, you are just near the prospering cities and provinces. The Visayas boast about what these provinces could offer: Bacolod, Iloilo, and most of all, Cebu. These booming places and their growing tourist industry have helped the country’s economic growth. That’s why establishing a business here at these places will somehow give you a large amount of profit.

Real Estate Websites in the Philippines
Real Estate Websites in the Philippines

Who could ever forget about the flourishing land of Mindanao? You might as well purchase a house and lot in Butuan City or Davao. A real estate property in General Santos City would be great as well. It would help if you didn’t miss these advantages, so we suggest you wisely invest now.

Have you ever heard about Camella already? If you haven’t heard about this property developer yet, you better read this article to learn more about Camella. The pioneer real estate developer, Camella Homes, also has a lot of communities all around the thriving places in our country, like the ones mentioned above. Aside from the city’s parks, Camella has a lot to offer, too, and what perks you will get once you own a house and lot or a condo unit in one of the places near tourist attractions. Do you want to know what’s in for you to have a home in one of the communities of Camella? If the answer is yes, then let’s go ahead and know Camella.

Perks of Having a Home at Camella

One of the things that Camella boasts about, aside from its quality homes and peaceful communities, is that it still follows its five pillars for the benefit of the homeowners. Convenience is one of these five pillars. Camella wants its home buyers not to experience hassle anymore. That’s why in all communities that it builds is the presence of convenience. Everything is within your reach. From the convenience stores, shopping malls, entertainment facilities, government facilities, and hospitals to the tourist attractions, all of them are just near Camella sites.

Homeowners are now having a sound sleep in a safe community because security is the priority of Camella. Trained guards are present 24 hours a day; they are roving around the area to check and monitor each corner. CCTV cameras are installed, and everyone who enters the room is identified. The maaliwalas atmosphere is always present. Rest assured that every night is a silent night!

Camella Tarlac | House and Lot for sale in Tarlac
Camella Tarlac | House and Lot for sale in Tarlac

More so, the amenities are fantastic enough to make you think you live in a resort. Swimming pools, Playgrounds, Shuttles, Clubhouses, Basketball courts, and more are the things that Camella believes you deserve. What exactly are you waiting for?! Even though you are short in cash, you can still own a house and a lot at Camella. They have flexible payment options! It is also a wise investment since you can sell it out for a higher price or rent it out to tenants, and it will generate income for you!

We know you already heard the quote about how being just an employee wouldn’t make you rich. Somehow it is true, somehow, it is not, but there is nothing wrong with taking risks in life. Maybe that’s how we challenge ourselves and see our limits and capabilities. Don’t be worried! Life is short, to not take risks! If you want to do business, do it. Now! 

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