If you’re interested in investing in Misamis Oriental real estate, it’s essential to know the latest trends. The real estate in Misamis Oriental is a promising location since its population is growing – which means more people are looking for new homes!
Based on a 2020 census, Misamis Oriental is the second most populous province in the Northern Mindanao region, next to Bukidnon. In fact, the province has a population of over 956,000 people.
At Johndorf Cebu, we understand how important it is to make informed decisions regarding real estate investments. That’s why we’ve prepared this list of real estate trends in Misamis Oriental.
Trends of the real estate in Misamis Oriental
Misamis Oriental is bouncing back with significant growth and development, despite the challenges brought by the pandemic. The province remains resilient and continues to show great potential, especially in the real estate industry. If you’d like to know what’s going on in the real estate in Misamis Oriental, here are the latest trends:
The rise of tourism-related properties
Misamis Oriental is a beautiful province that’s home to pristine beaches, green mountains, and lush forests. In addition to its natural wonders, the province is also known for its vibrant festivals, such as the Kuyamis Festival, Sinulog sa Tangub, Panaad sa Misamis Oriental, Ulahingan Festival, and more. With so many breathtaking attractions and events to enjoy in Misamis Oriental, it’s no wonder that there’s a growing demand for the construction of more hotels, resorts, and vacation rentals.
Increased demand for residential homes
As mentioned before, Misamis Oriental’s population is growing, resulting in the need for more houses for sale in Misamis Oriental. Moreover, people from Metro Manila and other cities are going back to their provinces after the pandemic. Compared to the cities, provinces offer a lower cost of living as well as a more relaxed and peaceful way of life in Misamis Oriental. What’s more, there’s a lower risk of infection since there are fewer people in the provinces.
Improved transportation systems
The Philippine government continues its mission of decentralizing Metro Manila. This gives provinces like Misamis Oriental the chance to be more modernized. The improved transportation and road systems offer better access and mobility across municipalities. In recent years, Misamis Oriental focused on the expansion of the Laguindingan Airport and the development of the Cagayan de Oro Coastal Road – leading to increased property values.
Greater need for business spaces
With better transportation systems in place, more investors are encouraged to establish businesses in the province. While online shopping is here to stay, there’s a growing need to construct more retail and office spaces. So if you’re going to invest in a property in Misamis Oriental, pick a location that has a high potential for business growth to maximize the rental income from your land or house property.
Johndorf Ventures, your trusted partner in Real Estate in Misamis Oriental
Misamis Oriental is an attractive location for real estate investment. Thanks to its natural beauty and growing economy. With the trends discussed in this article, you can make informed decisions when investing in real estate in Misamis Oriental.
Johndorf Ventures is your trusted partner in finding the perfect Davao housing or any home in the Visayas and Mindanao regions. For instance, we have the Tierra Nava Opol housing project, which could be an excellent opportunity for interested buyers.
With our expertise and experience, you can be assured of finding the best real estate investment that meets your requirements. Browse our extensive list of housing projects and reserve your ideal property today!