What are the best Philippines properties for sale in terms of residence? There are many forms of residence or housing in the Philippines today that many Filipinos or foreigners could choose from. Some of the most popular ones today are condominiums and apartments. There are also townhouses which have become very popular in the Philippine market. So what are makes these types of houses popular in the Philippines?
Townhouses
Townhouses are some of the oldest types of housing in the Philippines. According to many experts, it even predates the introduction of apartments in the Philippines. Townhouses were first found in urban areas, providing cheaper housing for Filipinos. However, in today’s trends, townhouses are mostly found in luxurious complexes. Large complexes often have high security, resort facilities such as swimming pools, gyms, parks and playground equipment.
Some townhouses are also found in small footprints of a city. This allows residents to be within walking or mass transit distance of business and industrial areas of the city, yet luxurious enough for wealthy residents of the city. However, owning a townhouse in today’s market usually connotes wealth. Philippines properties for sale such as townhouses have become more expensive than buying a house.
Condominiums
Condominiums are some of the most popular types of housing and Philippines properties for sale today. Compared with townhouses and the typical house, condominiums are usually more affordable. Similar to apartments, a condominium consists of multi-unit dwellings (i.e., an apartment or a development) where each unit is individually owned and the common areas, such as hallways and recreational facilities, are jointly owned by all the unit owners in the building.
The advantage of owning a condominium unit other than its affordability is with its location. Most condominiums today are found within big cities such as in Makati City, the business district of the Philippines. Similar to townhouses, condominiums can offer a way for its residents to avoid rush hour as well as walking or short distance transit to commercial areas.
Apartments
By far, apartments are still the most popular types of housing in the Philippines. This is because of its affordability compared to other forms of housing. Its affordability, however, is mainly due to the fact that apartment units are usually rented or leased to tenants or lessees. According to many experts, condominiums and apartments are similar in terms of physical form and structure. A building to be used as a condominium could also be used as an apartment. The difference is with its ownership. Apartments are usually rented by tenants while condominiums are individually owned. For more information visit to our site at http://www.atayala.com.
