Three Reasons OFWs Choose To Invest Outside Metro Manila by MyProperty

While the pandemic continues to loom, Morgan Stanley Research, a prominent think tank, forecasts that overseas remittance will grow seven percent this year. This growth is due to the oil price recovery in the Middle East, which means countries that host several overseas Filipino workers (OFWs) are bound to experience economic resumption. Plus, the accelerated vaccination programs worldwide prepare the world to reopen major industries, ease travel restrictions, and open up employment opportunities again. 

 

All of these factors boost the positive growth prediction and will fuel future property investments. As such, locations outside of Metro Manila become suitable for migrant workers’ real estate buying needs. If you are curious about why OFWs choose locations outside of the metro, these three reasons might also inspire you. 

OFWs Want To Get The Most Of Their Money

Being hard workers, OFWs would want to make the most of their hard-earned money by investing in the lifestyle they want for their families. It is no secret that Metro Manila property prices are pretty hefty than those in provinces. As a result, OFWs search for properties outside the capital to get the most bang for their buck. Fortunately, locations such as Cavite and Laguna offer properties that aren’t too far from Metro Manila.

 

One hotspot OFWs are looking after is Cavite. The historical province presents residential communities that give promising property deals, such as spacious two-story family homes, priced within many OFW buyers’ budget ranges. These communities also offer lavish amenities designed for comfort, safety, and leisure.

 

Another hotspot OFWs are eyeing is Laguna. Many of its communities neighbor prime investment hubs within the province’s different cities and towns. For example, suppose they choose to purchase in a house and lot in Santa Rosa City. In that case, they will be minutes away from the NUVALI Business Park, SM City Santa Rosa, Don Bosco Institute, Enchanted Kingdom, the Laguna Technopark, and manufacturing companies such as Coca-Cola, Ford Motors, and Toyota Motors.

They Prefer Wide, Open Spaces

Besides having worthwhile investments, OFWs prefer properties that have wide, open spaces. This preference is perhaps due to the pandemic shifting homebuyers’ choices in their investments. Wider spaces mean fewer risks of getting infected and compromising social distancing. 

 

More expansive spaces are also suitable for OFW homebuyers to start gardens, outdoor leisure spots, and add vacation amenities such as swimming pools, pavilions, and playgrounds for their children. With everything centered around the home nowadays, having a resort-like environment in their backyards is perfect for combatting boredom and humidity in the Philippines.

They Choose Peace And Privacy

Since migrant workers constantly leave the country to work abroad, they go for communities that provide safety, peace, and privacy. Many locations outside of Metro Manila offer this kind of atmosphere, so OFW buyers choose suburban areas outside the metro. With a serene environment, OFWs and their families will enjoy a balanced lifestyle between urban sophistication and peaceful suburbia.

 

Overall, OFWs prefer properties outside Metro Manila to get to most of their investments, enjoy wide spaces, and have peace and privacy. The gradual recovery of the economy influences their preferences. It just goes to show that amid crises, there will always be pockets of opportunities to thrive.

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