Top 3 Reasons Why Now is the Best Time to Invest in Palawan Real Estate

By CitiGlobal Team January 28, 2020

When it comes to real estate investment, location is everything. Whether you want to start investing in property to rent out or for use in small business investments, it is important to consider the environmental factors of the location. So if your goal is to bank on tourism, then you may be interested in the potential of Palawan real estate.

Palawan is known for its scenic views, environmental landscapes, and unspoiled vacation hotspots that hundreds of thousands of people flock to yearly. And while the numbers keep growing, the smartest decision is to enter the market now before it reaches its peak. Here are 3 of the best reasons why Palawan real estate is worth your investment.

3 Reasons to Invest in a Palawan Property

1. Palawan’s Tourism is on the Rise

The tourism of Palawan continues to grow exponentially, accommodating more than 638,000 tourists in October of 2019 in off-peak season alone. The tourist arrivals reached an all-time high in February 2019, welcoming more than 760,000 visitors. With these numbers, it is almost undeniable that Palawan is on its way to becoming one of the top go-to destinations of the Philippines.

2. Palawan Properties are Prime Location For Investing Long-term

The growth of Palawan’s tourism industry is only expected to grow as the years go by. Because of this, it would be most ideal to start investing in this prime location now before the investment rates increase at the peak of its popularity.

While many tourism investments may have the potential of faltering due to the degradation of the environment, Palawan properties may not have that problem in the future. Palawan was named one of UNESCO’s Heritage Sites, which means the government, locals, and tourists alike will aid in its preservation of beauty no matter how popular it is set to become.

3. Palawan is a Paradise Frontier

Palawan remains to be one of the few pieces of paradise left on the market that has not fallen into demise due to the lack of proper maintenance. It is one of the most ideal locations to be explored by adventure junkies, thrill-seekers, and the general population who are looking for serene places to visit. It would be a wonderful place to work if you do choose to set up a shop there. And if you plan on renting out property there, you may also enjoy it when you have no tenants booked on certain days.

Investing in properties filled with great opportunities is a deal that anyone can get into, especially when you’re looking for a steadily growing income. It may take a hefty amount of capital and comes with its risk factors, but taking the leap on these potential successes is what investment is for.

ALSO READ: Why Buying a Beachfront Property in the Philippines is a Smart Decision

Interested in starting your very own property investment in Palawan? If you have little to no idea how to get started, then you may need some guidance from trusted advisers to make this dream a reality. Consider partnering with CitiGlobal, a rising Real Estate Developer in the Philippines behind the Diamond Beach Residences in San Rafael. The company offers condotel investment, a passive income option where you can earn money wherever you are stress-free. Contact us to get started!

Interested in other real estate ventures? Check out our blog for more related content.

A Palawan Property Can Be Your Next Big Investment. Let Us Help You Get Started.

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Source: https://citiglobal.com.ph/blog/why-now-best-time-invest-palawan-real-estate/