© CEBU navi SAKURA ｜ vol.21 May-Jun.｜2019
Cebu is safer compared to other major cities in Southeast Asia and it is comfortable throughout the year, with no humidity and warm temperatures. In recent years, more people from other countries are coming to Cebu City, not only for vacations, but also for business as well as retirement.
Therefore, the real estate market in Cebu is booming now. The further development of Mactan-Cebu International Airport has also be completed so, more inbound flights are expected. In addition, the construction of the new Liloan Port and other public works are steadily progressing.
The Philippines has entered the NEXT 11 (Iran, Indonesia, Egypt, Turkey, Nigeria, Pakistan, Bangladesh, Philippines, Vietnam, Mexico, Korea) which are the next countries after BRIC considered to have high potential for growth into a 21st century leading economic powerhouse. Overseas investors have also turned a hot eye towards Cebu. Keep your eye on the real estate market here in Cebu as the economy is rapidly changing!