OBSERVE THE PROPERTY MARKET TO FORM THE BEST STRATEGY

as published in alveoland.com.ph

In real estate, words like “seller’s market” and “buyer’s market” get thrown around a lot, which basically refer to the way prices are affected by supply and demand. If it is a seller’s market, then prices tend to rise because there are a lot of people who want to buy. On the other hand, a buyer’s market brings on lower prices because there’s not much competition to drive the rates up.

It seems pretty easy when it’s a buyer’s market since lower prices mean a better deal. But what do you do when the market isn’t where you want it to be? Surprisingly, the answer isn’t always to hold off buying. In the book Real Estate Investments and How to Make Them, author Milt Tanzer writes, “You cannot afford to wait until the perfect market opportunity for you arises. It may never happen.”

Those looking to buy property need to change their tactics depending on what’s going on in the industry. In a seller’s market, be open to buying in places other than your original choice. Find options like pre-selling condominiums, which give better deals. The upside to buying in a seller’s market is that you benefit from the high value, too.

Real estate is a good investment. It’s only a question of finding the right property to invest in, and remembering that a “good” investment is a personal definition. With an established reputation among real estate developers in the Philippines, Alveo Land’s portfolio provides a great variety to choose from. Its developments are located in established cities such as Makati, Pasig, and BGC, or upcoming districts such as in Arca South. Its latest tower, Park Cascades, is a noteworthy option, with its accessible and secure location in Taguig.

When buying property in the Philippines, many factors including property valuation, location, and especially construction quality, should all be taken into consideration when looking to invest in real estate. Learn about your best options here.