When it comes to countries in Asia, the Philippines are by far amongst the most visited of them all. Their natural beauties and enchanting culture are nothing to scoff at, often attracting more than just tourists – rather, they attract those with deeper interests. Interests that go as far as wanting to live there. But the Philippines are expensive, as delightful as they may be, so here are the five most costly places to buy property in the Philippines.
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Cebu City
The prosperous port capital of the Cebu province, Cebu City, to this day retains many of its landmarks from the 16th century, primarily of its past under Spanish colonialism. It has great historical value in this regard. And its prices tend to hover around 80,718 ₱ (£1,280) per square metre, depending on the location. In the city centre, prices for property will average at 119,975.04 ₱ (£1,900) and outside the centre they’ll be closer to a much more reasonable 50,703.76 ₱ (£800) per square metre.
Lapu-Lapu
Formerly known as Opon, the city of Lapu-Lapu is first class and highly urbanised, found in the Central Visayas. It doesn’t fall under many eyes when it comes to tourism or entertainment, however it does rank fourth on this list for its high prices. In the city centre of Lapu-Lapu, property prices typically go for 100,000.00 ₱ (£1,582) per square metre, as opposed to the only slightly lowered average of 90,000.00 ₱ (£1,423) outside of the city centre.
Davao City
Spanning an area of over 244,000 hectares, Davao is widely recognised as the largest city in the whole world. It also hosts the 2,954m-high Mount Apo, the highest peak in the whole country. When it comes down to purchasing an apartment in the city centre of Davao, you’ll find prices average at around 130,000.00 ₱ (£2,056) per square metre. Outside of the city centre, property prices average more around 70,972.23 ₱ (£1,122). Davao is a beautiful city, famous for its unique fruit – the Durian, that you’ll come across whether you like it or not if you’re thinking of purchasing property there!
Manila
The densely populated capital of the Philippines, Manila, is a metropolis of sorts that mixes Spanish colonial architecture with the modernity of skyscrapers. It’s got a long history as a city, and is perhaps the most well-known name in the country. Regardless, it only takes the second-place spot, due to its pricing. Property in the city centre could cost you upwards of 169,317.21 ₱ (£2,680) per square metre, where outside of the city centre, you’ll find prices closer to 101,875.00 ₱ (£1,611) per square metre.
Tagaytay
Perhaps unexpectedly, the most expensive city to buy property when it comes to the Philippines is Tagaytay – the popular holiday town found South of Manila on the Luzon island. Perhaps largely due to the beauty of the island and its hotspot for tourism, property in the city centre will cost an average of around 269,097.76 ₱ (£4,260) per square metre. By far among the most expensive places to buy property in the country. Outside the city centre is the much more affordable but still pricey average of 145,312.79 ₱ (£2,300) per square metre. Devastating prices for a beautiful city.