Why OFWs Should Invest in CDO Real Estate
2021 Jul 15 | by Apple Barretto
Why should OFWs invest in CDO real estate?
- Discover the endless business opportunities in CDO
- A booming tourist capital
- Appreciating land values
- Potential for earning passive income
Considered modern-day heroes, overseas Filipino workers (OFWs) make admirable sacrifices for their families back in the Philippines. If you are a hardworking OFW, you support your family back home with your hard-earned money . In this article, we delve deeper into the topic of why OFWs should invest in CDO real estate.
There is more to investing in real estate than just buying a piece of land to reside in. It is also one of the most effective ways to grow one’s wealth. During these unprecedented times when a pandemic is continuously impacting global economies and individual’s finances, building wealth is the key to managing financial risks better.
As the capital of the Misamis Oriental province in Northern Mindanao, Cagayan de Oro (CDO) goes beyond being a famous tourist spot. It is also a first-class and highly urbanized city that presents endless investment opportunities for OFWs.
If you happen to be on the lookout for your future dream home , or for the best places to invest your hard-earned money, this guide rounds up the top reasons why OFWs should invest in CDO real estate.
Discover The Endless Business Opportunities In CDO
CDO is responsible for driving growth in the Northern Mindanao region. In the “Cities and Municipalities Competitiveness Index 2020 Rankings”, CDO also ranked the 7th Most Competitive Highly Urbanized City in the Philippines. The rankings are evaluated by the Department of Trade and Industry (DTI) based on four pillars: Economic Dynamism, Government Efficiency, Infrastructure, and Resiliency.
To add to that, the CDO local government’s impressive business processing time of just over 51 minutes for registration, licensing, and permits make it ideal for businesses to sprout up. From big-league international companies to small and medium-sized local firms — a wide array of businesses have established their presence in CDO as well.
There is no stopping CDO from developing its economy as investments continue to pour in. As an OFW real estate investor, you can easily reap the economic opportunities of the locale.
If you want to start a business when you come back home, owning a real estate property in CDO is a foolproof plan. The economy of CDO is based largely on the industry, commerce, trade, service, and tourism sectors. Rest assured, the city will present endless opportunities for you. One might even say that doing business in CDO can potentially combat the financial impact of the COVID-19 pandemic.
Booming Tourist Capital
CDO has always been a city that attracts tourists, expats, foreign spouses, and foreign retirees. It has maintained the beauty and natural condition of its land and water formations. The Cagayan River, Garden of Malasag Eco-Tourism Village, Mapawa Nature Park, Tinago Falls, and Dahilayan Adventure Park are attractive tourist destinations and recreational activities. It is also the gateway for travelers heading to the pineapple plantation-filled Bukidnon and the fine white sand beaches of Camiguin Island.
While it’s true that the COVID-19 pandemic has temporarily disrupted the Philippines’ tourism industry, it is expected to bounce back in the next few years following the roll-out of vaccines across the country.
As an OFW, you can invest in CDO real estate and take advantage of residing nearby stunning tourist spots with your loved one. It may very well feel like a vacation all throughout the year. Or, you can also take advantage of the high occupancy rate of CDO fueled by being a tourist capital. Simply welcome tenants and you can gain more income.
Appreciating Land Values
While other investment options such as cars, stocks, and luxury items can depreciate easily, real estate land value appreciates. Numerous risks can easily swing the value of other investments. For example, given the volatility of the stock market, your stock investment can easily dip to zero. Another example would be the immediate depreciation of cars after leaving the dealership garage. This is unlikely to happen to the land that real estate properties stand on as they appreciate throughout the years.
But just like any investment, the rate of appreciation varies from market to market. As an OFW, choosing to invest in CDO real estate ensures you get the most value from your investment. Backed with CDO’s strategic location, thriving local economy, and booming tourism capital — your property’s land is set to increase in value.
Potential For Earning Passive Income
There are numerous ways to earn from CDO real estate properties. One of the most common methods is to wait for the property’s value to appreciate considerably and sell it at a much higher price. But take into account that this may take a few years or so.
If you don’t want to sell your property, you can simply rent it out and gain passive income. Post-pandemic speaking, the high-traffic location of CDO will be beneficial as you turn it into a temporary dwelling place for tourists.
To add to that, top subdivision developers in the Philippines like Pueblo de Oro, are master-planning their 400- hectare CDO real estate property offerings to increase in value with premium amenities and features such as clubhouses, parks, playgrounds, and jogging paths. Tenants are more likely to rent a property if it is designed to provide a convenient and holistic lifestyle.
There are numerous reasons why OFWs should invest in CDO real estate. We’ve stated four above that are sure to provide the most value for your investment.
If you’re convinced to invest in a Cagayan de Oro property, Pueblo de Oro will be more than happy to provide the best choices for you. Hurry and reap the advantages of this booming city today!
Click here to inquire about a Pueblo de Oro property in CDO today.