Demand for Houses, Popularity of Condominiums

What is the best type of housing in the Philippines today? According to many Philippine real estate experts, some of the best types of housings in the Philippines today, in terms of demand and popularity are houses and condominiums.

Houses have always been one of the most popular and in-demand types of housings in the Philippines, even though these types are considered as traditional, while condominiums have steadily risen in the market as a new comer, and is now considered as one of the most popular modern housing in the Philippines. So which of these types of housings are the best?

Popularity and Demand of Houses The reason why houses are still one of the most popular and in-demand in the Philippines is because of its affordability. Compared to condominiums, houses are far more affordable, which makes it more available for many Filipinos, particularly because not all Filipinos can afford to buy a condominium unit, or any other types of housings in the Philippines.

Many new types of these types of residential Philippine real estate are also known for its new benefits. According to many Filipinos, these new houses can be bought and paid in installment, which is more affordable and cost-efficient compared to renting an apartment.

However, other than its affordability, houses are also known for its other benefits. One is that these are perfect for a growing Filipino family compared to living in the heart of the busiest districts. The other reason is that these types of housings are the only types of housing which is appropriate as a retirement home or as an ancestral home.

However, the disadvantages of houses is its location, though near enough for its residents to access central business and commercial districts, residents would still go through the usual hassles of rush hour, which is unlike that of living in a modern type of housing such as a condominium.

Modern Benefits of Condominiums Condominiums are considered as one of the most popular modern housing in the Philippines. This is because of its many benefits that conform in today’s modern lifestyles. One of its most apparent advantages is its location.

Most condominiums in the Philippines are found in business and commercial districts. Because of its location, these types of housing can offer their residents the luxury of living within walking distance from their workplaces as well as other popular entertainment places.

However, other than those condominiums, many new condominiums are also found in the outskirts or even in the provinces. These new condominiums are known as condominium complexes, a type of condominium which aims to offer modernized housing for modern Filipinos.

The disadvantage of these types of residential Philippine real estate is its cost, which is very expensive compared to houses. In addition to its expensiveness is its month condo fees in which residents are obligated to pay.