Philippine is basically an archipelago, featuring a collection of over 7,000 islands. Its tropical climate, low cost of living, beautiful flora and fauna, friendly locals and inviting beaches are just some of the reasons that make it a great place to stay. Some of the best places to live in this country include Cebu, Cavite and Manila. So, how much does it cost to live in these areas?
Apartments in Cebu are approximately 119,000 pesos per square meter in the city center and around 50,000 pesos per square meter outside the city center.
For rent, a one-bedroom Cebu apartment goes for approximately $650 per month while utilities will set you back around $100 a month. And if you don’t mind living outside the city center, then you can get an apartment at a monthly rental fee of approximately $300.
Cavite is one of the fastest-growing and most industrialized cities in the Philippines. It’s sometimes known as the Land of the Brave, due to its high number of National Heroes. It also has several attractions and places to visit.
If you are looking to buy a Cavite apartment, then you will spend approximately 21,000 pesos per square meter in the city center. Renting a one-bedroom apartment in Cavite costs approximately 6,000 pesos in the city center and around 5,000 pesos outside the city center.
Manila is one of the busiest cities in the Philippines. It houses most of the corporations, universities, facilities and government offices in the country. Although a busy city, it has plenty of attractions and beautiful sights.
Demand for housing in Manila is quite high, compared to the other cities. The average one-bedroom are approximately 32,000 pesos in the city center and around 16,000 pesos outside the city center. And if you opt to buy a 3-bedroom, then you will spend approximately 106,000 pesos in the city center and around 42,000 pesos outside the city center.
If you will be staying in Manila for a longer duration, then you can just purchase an apartment, especially if you have the money. Buying an average Manila condo will cost you approximately 125,000 pesos per square meter.
In Makati, the financial hub of Manila, the average price for a unit is approximately 14,000,000 pesos. However, you can find a unit for as low as 4,000,000 pesos. If you live in the city center and buy a large 2-bedroom apartment as low as 3 million pesos.