Condominiums for sale in Makati City

TITLE: Advantages of Investing Real Estate in Makati Philippines

Makati is the financial center of the Philippines. It has the highest concentration of multinational and local corporations in the country. Major banks, corporations, department stores as well as foreign embassies are based in Makati. The biggest trading floor of the Philippine Stock Exchange is situated along the city's Ayala Avenue. Makati is also known for being a major cultural and entertainment hub in Metro Manila.

With a population of 529,039 Makati is the 16th-largest city in the country and ranked as the 41st most densely populated city in the world with 19,336 inhabitants per square kilometer. Although its population is just half a million, the daytime population of the city is estimated to be more than one million during a typical working day because of the large number of people who go to the city to work, shop, and do business.

These days, there are some incredible bargains in Makati City real estate, especially condominiums. condominiums for sale in Makati City Just before the downturn in the real estate market, condominium development in Makati was at near-record levels. Now, there is an abundance of new, unsold condominium units, many being sold for pennies on the dollar. A large percentage of these units are near beaches, golf courses and other amenities that make Makati City living so desirable. For investors and second-home buyers, this creates an opportunity that may not come around for decades.

Because of the close proximity to neighbors, the need to regulate the use of the common elements and the necessity of insuring, maintaining and repairing the common elements, certain rules and restrictions must exist. Pursuant to Philippine law, these rules and restrictions are found in the condominium documents.

Many people get rich by investing in real estate properties. If you want to get rich in the safe way, you can invest in condominium properties. Investing in a condominium is better than investing in stocks. If you invest your money in stocks, you may lose it when the stocks market collapses. Stocks market goes up and down every day and it can collapse one day.

The value of a condo apartment can increase after a few years and you can sell it for more money in the market. If you don't want to sell the apartment, you can rent it out to tenants. By renting out the apartments, you will be able to collect rent every month and earn profits. You can increase the value of your condominium by renovating it. In this way, you will be able to sell it out to another person for more money. Usually, the condominium value will increase by a few times after 4 to 5 years.

When shopping for the condos for sale in Makati City, be sure to get help from a local real estate agent. The local real estate agent is knowledgeable in finding a suitable condominium unit. You can tell the real estate agent about the kind of condominium you want to buy. The real estate agent can search the database and quickly find the condominium unit that suits your need. You must make sure that the developer of the real estate is reliable.

If the condominium property developer is reliable, you don't have to worry that your money will lost because they will surely complete the building project. If the developer does not have any reputation, you cannot simply trust them that they will complete the building project. You can check the portfolio of the real estate developer before making a decision. One of the best real estate companies in the Philippines today is CENTURYSALESGROUP.com.