In the past few years, the Philippines has seen a stable growth in the economy. According to the World Bank in 2019, the Philippines is among the fastest growing economies in Southeast Asia. Based on their data, the country has sustained an average growth rate of 6.4% between 2010-2019.
Although it’s currently under economic recession due to the impact of COVID-19 around the globe, it is expected to recover in 2021-2022 as the whole world gradually heals from the effects of the crisis.
Metro Manila accounts for the largest Gross Domestic Product (GDP) in the country, which indicates the economic performance of the Philippines. However, even though Metro Manila continues to be the focal point for businesses, developments, education, and such, provincial areas continue to follow suit.
With the robust economy and urge of the government, developments are slowly making their way to the countryside. Along with the government’s infrastructure projects, which improved the road conditions that made traveling much smoother, several residential properties, commercial establishments, office buildings, and investment hubs are rising here and continue to multiply.
And as people from rural areas continue to move to the urban area because of the opportunities it offers, overpopulation will be inevitable. With the continuous development of the provincial sector, it will be an opportunity to help decongest the metropolitan area.
Especially now that we are facing a health crisis where close contact is prohibited, it will be impossible to avoid it in a congested area. According to the United Nations, through an article in Forbes, 90% of the reported cases of Coronavirus worldwide are concentrated in urban areas.
As a result, people are thinking about leaving the city and moving to the countryside where there is a lower density of population, a cleaner environment, green spaces, and lower cost of living.
To answer the question of why it will be good to invest in rural properties today – provincial regions show no signs of slowing down in terms of progress. Sooner or later, the rural areas will also have the same opportunities that the urban area offers.
Most importantly, experiencing the pandemic made us reflect not just on the way we live but also on where we live. It is better to live where convenience, nature, and serenity can be found.
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