A three-bedroom house in Cebu’s suburbs costs PHP 8-12 million on average
Cebu's real estate market is on the rise, with property prices climbing steadily.
Thanks to improved infrastructure and a booming business scene, Cebu is becoming a hotspot for property buyers. The city's growing tourism industry is also playing a big role, driving up demand for housing. This means that if you're considering buying a property here, you're not alone—many are eyeing Cebu as a prime location.
Take a look at some examples: a 3-bedroom house in Poog, Cebu, was priced at PHP 4,500,000, while another in Yati, Cebu, was listed at PHP 6,732,000. These prices show a wide range in the market, but they also hint at increasing competition, which is pushing prices up.
Experts from Colliers Philippines are predicting even more growth in Cebu's property market beyond 2024. This forecast is likely contributing to the current rise in property values. With such positive projections, it's no wonder that the market is heating up.
In the suburbs of Cebu, the average price for a three-bedroom house is now between PHP 8-12 million. This range reflects the ongoing demand and the city's promising future. If you're thinking about investing, this might be the right time to jump in.
Sources: Dot Property, Property Report, Billion Bricks
Tags: Cebu Real Estate Cebu Property Market Cebu Property Prices Cebu Property Investment Cebu Real Estate Market Trends Cebu House Prices Cebu Property Market Growth Cebu Real Estate Market
