Everyone knows about the widespread and global economic crisis which is affecting not just the stock market but the real estate market as well. So why are Cebu real estate properties selling fast like hotcakes?
Cebu real estate properties have now become the prime target for buyers worldwide because prices are dropping as more and more property sellers are jumping in to join the real estate scene in the hope of liquifying their assets. Those with the keen investing eye from Europe and from the United States are therefore likely to grab these plunging prices of Cebu condo for sale and cebu lot for sale.
Plummeting prices is not the only reason. Compared with the country's capital, Manila, the cost of living in Cebu is much lower, making it an ideal place of expatriates and families. Since the year 2000, Cebu has also boasted an increase of infrastructure development that rivals that of Manila and other Asian business districts.
These cebu real estate properties, cebu house for sale, Cebu condo units and Cebu subdivision lots are developed by some of the leading developers such as Commonwealth Estate Inc. (CEI), Nexland Estate Ventures, Inc. etc.