Many Filipinos are planning to move house or apartment in the near future, and almost 80 percent of them said their main reason for doing so is to buy their first home, according to a recent survey.
Global property website Lamudi Philippines recently released a report saying that other reasons for moving house, or apartment cited by the survey’s participants include area preference (either looking for a better area, planning to move to another city, or planning to live close to relatives) (14.66 percent), work-related relocation (2.4 percent), and proximity to schools (1.44 percent).
An overwhelming majority of the respondents said that they are looking for a house (94.86 percent), and only a small proportion are considering to buy a condo (2.42 percent) or a townhouse (1.21 percent).
More than half (55.05 percent) of the respondents cited Metro Manila as their preferred area for their property purchase, with Quezon City being the most preferred city (19.47 percent), followed by Makati (8.65 percent) and Manila (8.41 percent). Cebu Province is the next most cited large area after Metro Manila. Almost 7 percent of the respondents said that they are planning to buy a property in Cebu. The province is followed by Cavite at 6.73 percent.
Internet savvy
The survey also found that Filipino homebuyers are fast becoming internet savvy. Almost 80 percent of the surveyed participants cited the Internet as their starting point when researching about real estate. These survey participants cited real estate websites (such as online listings platforms), social media sites, and search engines as their usual starting point when researching about properties in the Internet.