You would definitely be searching for the most ideal investment location in the Philippines for your real estate property. Whether it’s for residential use as your personal sanctuary or a rental property for passive income, condominiums are hands down among the best property types to invest in for compact living.
But the question lingers: Which specific areas posed for growth in the Philippines should you invest in a condo unit?
In this blog post, we’ll highlight La Union, the country’s Garden Coast and Surfing Capital, as a perfect practical investment location for aspiring condo owners and investors.
Are Condominiums a Good Investment?
Most condominiums are known for their wow factor, including resort-style amenities and convenient access to prominent establishments. However, a first-time investor can look past these factors and ask: Are condominiums in La Union and beyond a good investment?
The answer is a resounding yes! Condominiums are a fantastic investment for both rookie and experienced investors. But aside from the type of real estate property, location is crucial if you want to be successful with your property investment.
To make living here more convenient and profitable, you should invest in emerging locations in Greater Manila Area (GMA) and regional areas nationwide, where it is cost-effective, strategically located with a mix of open greens and growing cityscape, and are a hotspot for tourism activities. La Union ticks all the boxes, making it such a worthwhile location for in a house or condo for a starter home.
Let’s get to know La Union
What is the capital of La Union? It’s San Fernando City – and must not be mistaken for the City of San Fernando in Pampanga. La Union’s capital is a haven of tourist attractions for both domestic and international tourists. La Union is one of the Philippines’ provinces with a rich history due to its classical churches, lighthouses, and historical landmarks.
Let’s get to know La Union a bit more below, from what makes the Northern province so distinct to its potential as a hot condo investment location, giving real estate investors and property buyers the best value for money.
1. Popular Surfing Destination in the North
La Union is well known for its popular beach tourist destination as it is located nearby the West Philippines Sea shoreline. It is perfect for local travelers who loves and enjoy surfing because the waves here are perfect for surfing and other water activities. La Union is also known as the “Surfing capital of the North”.
2. More than just the Philippines’ surfing capital
However, the province is home to more than just surfing in the Philippines. Along with a growing local arts scene and public access to agricultural farms, it also has centuries-old churches, heritage sites, natural wonders including the Tangadan Falls which is located in San Fernando, and other natural features. It is truly worth the price.
There are many things to do in the La Union including hiking, picking grapes, enjoying local cuisine, visiting lighthouses, and municipalities, and experiencing the developing nightlife.
3. Fine cuisines and well-known pasalubongs
You can’t complete your La Union tour without any La Union pasalubong! Basi wine, sukang Iloko, and Sabong fried chicken are among the most popular La Union best delicacies pasalubong. For non-food best pasalubong from La Union, take inabel, fine basket weaving, activated bamboo charcoal, and even their signature walis tambo as souvenirs, all of which reflect the rich culture and history of the region.
La Union’s Real Estate Potential
Have you ever visited a local tourist place like La Union and imagined “what it would be like to stay and live as a resident there?”
Because of its popular surfing area located in San Juan, La Union has been one of the provinces that have attracted a lot of tourists in the last five years. During events, celebrities and foreigners have traveled in La Union, especially during seasons when the waves are really fun to ride. Investing in condominiums that are in tourist spot destinations would be a very smart choice and here’s why!
Rental Income Property
If you own a condominium property in La Union and you rarely visit, you can have it as a condo for rent. Or, if you plan to relocate your home, you can sell it because its sales value grows yearly. As La Union properties have grown as tourist attraction, there is a significant demand for both long- and short-term rentals of apartments and homes.
Increase your Financial Security
A real estate investment in La union is one approach to increase financial security and look into other sources of income. The ongoing healthcare crisis demonstrated the stability of the real estate market.
La Union property’s sale price like houses and condominiums for sale have continued to rise, and industry experts believe that the real estate market will continue to strengthen. Banks have also been flexible in approving loans for home property sale investment.
You may secure your investment and earn profitable sale returns even in times of crisis by investing your hard earned money in condominium units and houses for sale in La Union.
Cost-effective condominiums to rise in La Union
Due to their popularity with tourists and visitors, La Union’s tourist destination typically has a strong demand for condominiums for sale or for rent.
These condominiums could offer availability and cost-effectiveness for short-term and long-term lodging in places like San Fernando where tourists often visit.
Condominiums are an excellent choice for those who want the feel of a “home away from home” while still having the security of renting.
Amenities are easily accessible.
Condominiums offer a range of amenities that are simply too good to pass up among existing and prospective condo buyers alike. From gyms to community centers, tranquil landscapes and pool, to play areas and sports court, there’s something for everyone to enjoy.
These amenities make condo living a great option for anyone who desire a sense of community while still enjoying the comforts of modern living. Your first home in a La Union condo community provides best value for money with the perfect balance of comfort and community. With amenities like a reliable water tank system for uninterrupted water supply, condo living is simply the smart and practical solution.
You have your own space to unwind and are accessible to Tourist Destination
Condominiums and their thoughtfully designed spaces in La Union are a worthy investment and practical solution to your homeownership problems. They offer a sense of privacy as well as a break from the busy city. In comparison to other options for similar properties, they provide more freedom.
Homeowners can have a second home that is stress-free. Condominiums in these popular tourist areas can serve as their safe haven, where they can relax, indulge in their passions, and take a vacation from their busy schedules.
You can go to places in San Fernando La Union like Tangadan Falls, Lotus Valley Farm, Poro Poro lighthouse in the former Wallace Air Station, and the beautiful La Union’s Uzbitondo Beach and Sunset where you can rent a gazebo and watch a sunset!
If you’re into compact spaces through vertical homes, Asterra offers value-packed condominiums for your practical living needs. We have available properties in Cavite, Laguna, Pampanga, and more to rise soon in different strategic areas in the country like La Union. It’s perfect for young professionals wanting to lead an independent lifestyle as well as for overseas Filipinos.
If you haven’t been to this part of the North yet and have been hyped up with its promise of convenience, accessibility, and comfort, you should visit La Union! Whether that’s for leisure, property investment, or both.
