CITIES in the National Capital Region (NCR) that host business districts and economic hubs remain the most popular among property hunters in the third quarter of 2020, according to the latest study of Lamudi.
Based on The Outlook Report, Quezon City led the list in terms of the most viewed locations in Metro Manila for properties for sale listed in its portal, accounting for almost half of the pageviews at 48.67 percent. This was followed by Makati and Manila at 15.52 percent and 9.98 percent of the pageviews, respectively. Pasig came next at 6.58 percent and Parañaque at 5.83 percent.
It is noted that Quezon City, Makati and Pasig are homes to central business districts in the country. Manila houses the nation’s largest port, while Parañaque hosts the Bay City.
Lamudi’s research attributed the massive online traffic in these areas to more property buyers exploring locations close to their work or employment opportunities, as well as individuals looking for leased properties.
The same trend was apparent when it comes to leads, wherein Quezon City maintained its popularity and partook 49.54 percent of the pie. Makati came in second, with 16.97 percent; Manila, third, 9.44 percent; Pasig, fourth, 5.98 percent; and Parañaque, fifth, 5.68 percent.
These areas recorded the highest number of inquiries and emerged as the most preferred locations for properties for sale in the metropolis.
What specifically they looked for were houses in horizontal real-estate development projects accounting for 43.27 percent of leads, followed by land at 31.52 percent, condominiums at 17.02 percent, foreclosures at 3.83 percent, commercial at 3.37 percent, and apartment at 0.99 percent.
The strong demand for properties in these cities has been already felt in the first and second quarters of the year, thus, making them truly resilient real-estate hotspots despite the ensuing Covid-19 pandemic.
Crowned property hub in Visayas
IN the Visayas region, Lamudi saw a spike in pageviews and leads in the major urban center of Cebu. Searches on properties here rose over a quarter at 26.5 percent from the first quarter to the second.
While pageviews surged only at 22.1 percent from the second to the third quarter, the figures in the latest quarter leapfrogged from how it registered at the beginning of the year, corresponding to a 54.46- percent growth in pageviews from the first quarter of the year to the third quarter.
In terms of the inquiries, Metro Cebu posted a 49.79-percent increase from the first to the second quarter. Due to tight lockdowns implemented in the middle of the year due to a surge in Covid-19 cases there, they only expanded by 11.98 percent from the second to the third quarter.
From July to September 2020, the study bared that property seekers in the metro mostly looked into houses at 51.81 percent as community quarantines eased in the third quarter of last year. Land got 30.76 percent of searches during the same period, then condo at 11.79 percent, foreclosures at 3.50 percent, and commercial at 1.40 percent.
Interestingly, lot-only properties were more frequently the subject of queries, as 45.62 percent of the leads were for land, compared to 36.31 percent for houses. Condos accounted for 10.38 percent of the searches, foreclosures at 5.61 percent, and commercial at 1.40 percent.
The Queen City of the South, likewise, was the top choice in the region for property hunters abroad, registering 80.73 percent and 82.56 percent of the pageviews and inquiries from among overseas Filipino workers, accordingly.
Davao continues to wow
METRO Davao was the go-to area for properties in Mindanao quarter-on-quarter (QoQ), the study showed.
Based on results, the area recorded a 29.18-percent hike in pageviews from the first quarter to the second and 29.04-percent increase from second to third quarter. The number of inquiries soared to 14.18 percent in the first to second quarter and surged 16.18 percent between the second and third quarters.
For the third quarter of this year, houses garnered 50.58 percent of pageviews at the Lamudi website. Land took 32.29 percent, condos obtained 10.03 percent, foreclosures captured 3.40 percent, and commercial gained 2.33 percent.
Lead-wise, land had the most inquiries at 48.55 percent—the same trend in Metro Cebu—followed only by house at 35.92 percent. Foreclosures were the third most searched properties at 7.20 percent, then condo at 6.05 percent, and commercial at 1.80 percent.
Rising regions
OTHER vibrant regions, which happened to be South Luzon and Cagayan de Oro (CDO), were found to be a magnet for people looking for real estate to purchase or rent, Lamudi reported. Why not? The former serves as a viable alternative to the metro cities as they offer proximity to the NCR minus the hustle and bustle, while the latter has kept real-estate demand, being the economic power in Northern Mindanao.
Comparing the second quarter of the year to the third, the number of people looking at properties in South Luzon grew by 27.68 percent QoQ. Nevertheless, there was a slight decrease of about 1.28 percent in terms of inquiries during the two periods in review. Looking at the entire year so far, a notable 71.45-percent hike was posted in leads from the first quarter to the third.
The top five in-demand areas in the Calabarzon (Cavite, Laguna, Batangas, Rizal and Quezon) for the third quarter of this year were Antipolo (17.90 percent of pageviews and 17.24 percent of leads), Bacoor (15.92 percent of pageviews and 16.49 percent of leads), Imus (9.75 percent of pageviews and 12.84 percent of leads), Santa Rosa (8.94 percent of pageviews and 10.93 percent of leads), and Calamba (8.80 percent of pageviews and 9.82 percent of leads).
Houses were the most inquired property type, accounting for 49.37 percent of the pageviews in the Southern Tagalog mainland, then vacant lots attracting 31.19 percent of the searches. This was contrary to leads, wherein land got a hold of 45.91 percent of inquiries, while houses received 34.96 percent.
Condo gained 11.07 percent of pageviews and 9.71 percent of leads, foreclosures garnered 5.82 percent of pageviews and 6.23 percent of leads, and commercial had 1.90 percent of pageviews and 2.72 percent of leads.
CDO saw a 20.53-percent hike in pageviews in the third quarter. The current lead figures versus the numbers at the first quarter went up at 67.2 percent.
The Lamudi research revealed that houses accounted for 50.01 percent of the site’s traffic; followed by land, 32.64 percent; condo, 9.01 percent; foreclosures, 5.50 percent; and commercial, 2.33 percent. In so far as leads are concerned, land was the most inquired type of property in CDO at 49.79 percent, then house at 34.57 percent, condo at 8.23 percent, foreclosures at 6.17 percent, and commercial at 0.96 percent.
Image credits: HRLUMANOG | Dreamstime.com