Why owning a house in La Union an investment?

La Union has become one of the provinces which attracts many tourists in the past 5 years due to its famous Surfing Area in San Juan. Celebrities and foreigners flock during events especially on seasons when waves are really fun to ride. So why owning a house in La Union has become an investment?

Number of visitors who come and visit La Union to experience its beauty has significantly increased. In 2018 alone, the number of tourists arrivals have reached almost half a million breaking the record in 2017 by 50% of the same period. With these figures, a lot are looking for a place to stay — some looked for long-term, and some for short-term.

If you own a property in La Union and are usually not around, you can have it rented. Or if you will migrate to another place, you can sell it as its value appreciates annually. Demands on properly or house rentals for long-term and short-term have become high as La Union became a tourist destination.

Based on statistics, on average, you can earn as much as 7.5% annually for gross yield from your investment, which is highest in Asia.

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Source: https://northernresidentialestateinc.com/2019/10/28/why-owning-a-house-in-la-union-an-investment/