By Tessa Salazar
Inquirer

MANILA, Philippines–Property experts note that aside from “good sign” the deluge of condo developments brings for the Philippine property market, it gives prospective buyers more choices in terms of size, design, location and price.

Global Property Guide’s chief economist Prince Christian R. Cruz notes that the more options available, the better it is for buyers.

Richard Raymundo, Colliers International’s director for research and consultancy, says that as with other industries, a more robust property sector would contribute more to the economy and also increase property values. He also says another positive result of a property sector boom is increased employment for the construction outfits.

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By Charles E. Buban
Inquirer

MANILA, Philippines–Buying a house is one of life’s most exciting decisions. And though it may seem complicated—or even scary—it is quite a simple and easy process as long as you take it one step at a time.

The first thing a homebuyer should ask: What type of housing unit should I buy?

Phinma president and CEO Willie Uy suggests that homebuyers first determine if they prefer a single family home, which means the ownership includes the house and extends to the limits of the property lines; a townhouse wherein the ownership includes the lot on which the house sits as well as the entire structure, or a condominium, where ownership is limited to a single unit and a shared interest in all of the common areas, like the swimming pool or the gym, for example.

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