As the economy of the Philippines continues to grow, the real estate market in the country is also booming. In particular, the province of Batangas, located in the Southern Tagalog Region, has become an attractive investment destination for Overseas Filipino Workers (OFWs). With its strategic location, cool climate, beautiful beaches, and affordable cost of living, Batangas offers a great opportunity for OFWs to invest in real estate.
In this article, we will explore the best cities to invest in real estate for OFWs in Batangas and provide some tips for investing in this promising market.
Batangas Province as an Investment Destination
Batangas is a province in the Philippines known for its white sand beaches, scenic mountains, and rich culture. Its strategic location, just a few hours away from Metro Manila and Quezon City, has made it an attractive destination for tourists and investors who want an escape from the noisy and fast-paced city life. With its growing economy and infrastructure development, Batangas is poised to become a major player in the real estate market.
Batangas prides in its diverse economy, with industries such as agriculture, manufacturing, and tourism contributing to its growth. In fact, it is regarded as the 2nd richest province in the country due to its booming business developments and abundance of BPO companies. Batangas is also blessed with wonders of nature, making it a popular destination for tourism as well.
Where is the Best Place to Live in Batangas?
The biggest city in the province and is also known as the Industrial Port City of CALABARZON, Batangas City serves as the capital of Batangas and is one of the most developed cities in the region. It is home to several commercial and industrial establishments, and serves as the center of trade and commerce through the Batangas International Port, paving easier access for major industries and natural resources in the CALABARZON region.
Moreover, various infrastructure projects like the Southern Tagalog Arterial Road (STAR), South Luzon Expressway Calamba Interlink and the newly constructed Batangas City-San Pascual-Bauan Diversion Road makes traveling in and out of the city as well as neighboring towns easier and faster.
If you are looking for a place to settle down in Batangas City, Camella Azienda Batangas is the perfect place to settle down!
Primarily known for nata de coco, macapuno candy, and doormat making, Malvar City is also an ideal location to buy a house and lot or condominium unit. Sitting just one and half hour from Metro Manila, it can be easily accessed through the STAR Tollway, South luzon Expressway SLEX), and other thoroughfares.
Just like other cities in Batangas, Malvar is a beautiful city serving as a hub for economic growth and a booming tourism industry. The 200-hectare Light Industry and Science Park IV is a haven of local and multinational companies, providing livelihood for locals in return. Littered with stunning tourist spots, Malvar City is one of the popular destinations for a quick vacation and relaxation.
The local government of Malvar supports the city’s rapid growth by streamlining business documentation and licensing processes to allow more businesses and establishments to invest in the city.
Sitting as the third city with the highest elevation in Luzon, you can enjoy the chilly climate and fresh air in Lipa City. Located in the eastern part of Batangas, Lipa is known for its coffee industry and is home to several prestigious universities and colleges like De La Salle Lipa, Kolehiyo ng Lungsod ng Lipa, and Lipa City Colleges. Living in Lipa City means your kids have easy access to quality education.
Lipa City is regarded as one of the ‘next wave cities’ with the BPO sector flourishing in the city, granting more career opportunities and a further drive to its economic growth. It also earned its moniker as the Little Rome of the Philippines as it houses several Catholic schools and churches, convents and seminaries, and event retreat houses.
Properties in Lipa City are generally more affordable than in Batangas City, but also offer various investment opportunities and rental income.
San Juan is a municipality located in the western part of Batangas. It is known for its beautiful beaches and natural attractions, such as the Laiya Beach and the Hugon Beach. The municipality is also home to several resorts and vacation properties. Properties in San Juan are generally more affordable than in Batangas City and Lipa City, but they offer good potential for appreciation and rental income.
Tanauan City is a first-class city located in the northern part of Batangas. It is known for its industrial and commercial establishments, such as the First Philippine Industrial Park and the Tanauan Public Market. The city is also a popular destination for tourists, with attractions such as the Tanauan City Hall and the Laurel Park. Properties in Tanauan City are generally more affordable than in Batangas City, but they offer good potential for appreciation and rental income.
Factors to Consider when Investing in Batangas
When choosing a city to invest in real estate in Batangas, there are several factors that OFWs should consider. These include:
The location of the property is one of the most important factors to consider. OFWs should look for properties that are easily accessible and in areas with good infrastructure and amenities. Properties near the beach or tourist attractions may also have higher potential for appreciation.
OFWs should also consider the affordability of the property. While Batangas is generally more affordable than Metro Manila, prices can still vary depending on the location and type of property. OFWs should look for properties that fit within their budget and have the potential for appreciation.
For OFWs who plan to rent out their properties, rental yield is an important factor to consider. Properties in areas with high demand and low supply may have higher rental yields. OFWs should also consider the rental rates in the area and the potential rental income.
Tips for Investing in Real Estate in Batangas
Here are some tips for OFWs who are planning to invest in real estate in Batangas:
Do Your Research
Before investing in any property, OFWs should do their research and gather as much information as possible. They should look into the current market trends, the location of the property, and the potential for appreciation and rental income.
Work with a Trusted Agent
OFWs should work with a trusted real estate agent who has experience in the Batangas market. The agent can help them find properties that fit their budget and meet their investment goals.
Check the Title and Documentation
OFWs should also check the title and documentation of the property to make sure that it is clean and free from any legal issues. They should also verify the authenticity of the documents and ensure that they are properly notarized.
Why Batangas is a Great Investment Opportunity for OFWs
Batangas is a promising investment destination for OFWs who are looking to invest in real estate. Its growing economy, rich history, strategic location, and beautiful scenery make it an attractive location for both residential and commercial properties. Not only that OFWs can indulge in its sumptuous local delicacies but can also escape the noise pollution in the busy streets of the metropolis.