Cities in the national capital region remain to be the most popular cities for property buyers in the third quarter of the year.
“In terms of the most viewed locations in Metro Manila for properties for sale, Quezon City led the list, accounting for almost half of the pageviews at 48.67 percent. Makati and Manila followed, with 15.52 percent and 9.98 percent of the pageviews, respectively. Pasig came next at 6.58 percent, and Parañaque at 5.83 percent,” online property platform Lamudi said in a report.
Lamudi said its previous report also cited Quezon City, Makati and Pasig, as these cities host important business districts in the country.
“Manila, which houses the largest port in the country, and Parañaque, which is home to Bay City, have both taken a lead in the third quarter. This development may be attributed to more property buyers exploring locations close to employment opportunities,” it said.
“The same five cities also topped the list of Metro Manila locations with the highest number of leads. Quezon City maintained its popularity and accounted for almost half of the leads at 49.54 percent. Makati came in second with 16.97 percent, followed by Manila at 9.44 percent. Pasig and Parañaque came in next with 5.98 percent and 5.68 percent, respectively. These areas registered the highest number of inquiries and emerged as the most preferred locations for for-sale properties in Metro Manila,” Lamudi said.
The report added interested buyers inquired about houses the most, accounting for 43.27 percent of leads. Land obtained 31.52 percent, while condominiums got 17.02 percent.
“These top five cities have also commanded great demand even in the first and second quarters of the year, making them truly resilient real estate hotspots amid the current crisis,” it said.