“The seeds of civilization are in every culture, but it is in city life that brings them to fruition.” –Susanna Katherina Langer
Metro Manila is the Philippines biggest metropolis and the city with the densest population count. In this regard, it would only be natural for housing and residential quarter prices to be quite exorbitant and steep. After all, living in the capital does come with various perks. Known for a cosmopolitan lifestyle, living in Metro Manila gives it residents the kind of convenience that is not afforded in other major cities such as being the first to have major international establishments, restaurant chains and the like. However, this accessibility comes with a price– after all, one has to contend with Manila’s infamous perpetual traffic and air pollution. And yet, a lot of individuals are willing to put up with that in exchange for better career developments and job opportunities.
From all these, it is inevitable that the standard of living in Manila would be significantly different than its provincial counterparts. As a consequence, housing prices—regardless of the real estate market’s sporadic episodes of a rate increase and decrease. However, this is not to say that every property bought in Metro Manila will be exorbitantly priced—if you knew where to look and where practical and thorough in your research, you would find reasonably priced properties even in premier locations. From the condos of Two serendra to residential locations in Malabon, here are the most expensive and cheapest cities to buy property:
As of 2016, the average house price in Makati is 209.6 million with the number of listings being 697 with the most expensive property priced at Php 1,346,280,000. Undoubtedly, Makati is indisputably Metro Manila’s most lavish district, and as a consequence, no one comes close when it comes to the listings of expensive houses. The city is rather known for its affluence and elite lifestyle with most of the exclusive gated communities and subdivisions located here. Makati is home to most politicians, business tycoons, and boxing icons and of its 697 listed houses for sale, ninety percent have asking prices of fifty million or higher.
Muntinlipa’s number of listings as of 2016 is 399 with the average house price at Php 59.5 million and its most expensive listing at Php 750 million. Rather known for Ayala Alabang Village which is the city’s counterpart for Makati’s exclusive gated community, Muntinlupa is an incredibly diverse when it comes to housing options. Individuals looking for prospective homes will be pleased to know that the city offers plenty of choices with thirty-five percent of the for sale inventories between ten to fifty million pesos. Even then, there are about 71 properties listed under ten million pesos in the city.
Manila’s average house price is at a humble 8.46 million as of 2016 with the number of listings at 301. Its most expensive listing to date is at Php 235.2 million. Being the city’s capital, it is only natural to have very few landed houses within its jurisdiction with about 301 listed properties (and over eight percent with an asking price under ten million). In fact, its most expensive listing is an ancestral home measuring 1,850 square meters in total land area.
2016’s data yielded that the average house price in Caloocan was at a meager Php 2.9 million with Php 42 million being the most expensive listing. This would undoubtedly make Caloocan the most affordable city in Metro Manila to live in. In fact, you will be surprised to find properties with inventories and asking prices for less than a million.