Is Now a Good Time to Invest in a Condo?
If you've been thinking about buying anyway, it might actually be the best time.
Letting go of money, even for a logical invesment, can make anyone think twice especially since the Philippine economy has gone into a recession due to the effects of the COVID-19 pandemic. But there are still viable options for where you can put your hard-earned cash without having to lose sleep over it. Property is one of them.
"If you are in a position to invest, it is still a good time to look into [investing in property]," says Mia Bianca David Nunga, a licensed broker and account manager at Ayala Land Premier. That applies whether the property you're considering is at the pre-selling [stage], or it's brand new or used property, because it continues to hold value, she adds. Property is in fact considered one of the most stable forms of investment because people will always be in need of a home, explains Nunga.
While the pandemic has people thinking twice about spending their money, it might actually be an ideal time to go for it if you've been thinking about buying your own condo anyway: these days, Nunga says, developers are offering buyers more options in terms of payment plans.
Hear more of Nunga's insights in the video below: