What is the current real estate market of Bacolod City including recent trends in home prices, inventory, and buyer/seller demand?
Bacolod City is one of the most populous cities in the Philippines and is the capital of the province of Negros Occidental. The city has a thriving real estate market with a mix of residential, commercial, and industrial properties.
Based on reports from real estate websites, the overall trend in Bacolod City's real estate market is positive, with steady growth in home prices and increased demand from both buyers and investors. In the first half of 2021, Bacolod City's real estate market has seen a 5% to 10% increase in home prices compared to the same period in 2020.
There is a good supply of residential properties available in Bacolod City, including a mix of townhouses, single-detached homes, and condominiums. The city also has some large-scale residential developments that are attracting both local and foreign investors.
The demand for residential properties in Bacolod City is mainly driven by the growing number of families, expatriates, and overseas workers looking to buy or rent properties in the city. The city's improved infrastructure and growing economy have also contributed to the increasing demand for real estate properties.
Overall, Bacolod City's real estate market is robust, and the outlook for the future looks promising. However, as with any real estate market, there can be fluctuations in home prices and demand due to various economic and social factors. Therefore, it is always advisable to do thorough research and seek professional advice before making any significant real estate investment.