Investment Property in Surigao City

Investment Real Estate in Surigao City

Investment Property in Surigao City
Investment Property in Surigao City

Surigao City property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Surigao City.

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Search Map of Surigao City Investment Real Estate

Surigao City, officially the City of Surigao (Surigaonon: Siyudad nan Surigao; Cebuano: Dakbayan sa Surigao; Tagalog: Lungsod ng Surigao), is a 3rd class component city and capital of the province of Surigao del Norte, Philippines. According to the 2015 census, it has a population of 154,137 people. 

Located at the north-easternmost tip of Mindanao, it has a total land area of 245.34 km2 which is roughly 1.4% of Caraga region.

The absence of a fort in Surigao belies its significance and sphere of influence during the Spanish period. It was the capital of the expansive province of the same name from 1750 until its dissolution in 1911, covering a third of Mindanao Island’s total land area. It is one of the oldest port towns in Mindanao, founded by Spanish colonizers in 1655. It has abundant mineral reserves including gold, iron, manganese, silica, cobalt, copper, chromite and among the world’s largest nickel deposits in Nonoc Island. The Asian Institute of Management ranks the city as among the most competitive small-sized cities in the Philippines, with an estimated total income of 600 million pesos in 2012.

The city serves as a jump off point to visitors of nearby Siargao, Dinagat and Bucas Grande islands. It is Mindanao’s closest landmass to the Visayas region. Eleven nautical miles across Surigao Strait separates the city from Panaon Island in the Visayas. Surigao is the center of politics, commerce, banking, industry and education of Surigao del Norte and Dinagat Islands as well as parts of neighboring provinces of Surigao del Sur, Agusan del Norte and Southern Leyte.

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The financial stability of Surigao City has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Surigao City

Renting out your Surigao City buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Surigao Cityare – preparation is key.

  • Set goals based on how much rental yield will be required and the local rental yield rates in Surigao City and be prepared to change your initial outlook.
  • Thoroughly research the Surigao City location with a special emphasis on fringe areas outside the main Surigao City metropolis that may be valued lower than their better-known neighbours. Rental yields of around 5% are still attainable in certain areas of Surigao City.
  • Ensure that your target investment property in Surigao City appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
  • You may think that managing your Surigao City properties yourself is an easy option, but are these savings justifiable when you run into Surigao City red tape? Physis Realty Surigao City office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Surigao City buy-to-rent sector.

With our expert guidance, investing in Surigao City provides the secure knowledge that your money is working harder than it would in a local Surigao City bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Surigao City, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Surigao City property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Surigao City

Flipping property in Surigao City

Flipping property is when we advise clients to buy a Surigao City property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Surigao City market has a time to react to the renovation.

The Flipping Strategy in Surigao City

Investment property flipping in Surigao City is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Surigao City real estate investments are sometimes referred to by professionals as ‘distressed’ Surigao City real estate.

What is distressed Surigao City property:

  • Surigao City property in need of renovation
  • Surigao City real estate with a change of puropose and use
  • Oversold Surigao City property
  • Bank repossessions in Surigao City

Put simply, long term investors in Surigao City purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Surigao City investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Surigao City property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Surigao City use a minimum profit value of 22% when looking at potential Surigao City projects. The reason for this is because there are lots that can go wrong in Surigao City property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Surigao City

For luxury property investors hoping to add a superb property in {AsainCity} to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Surigao City, Physis Realty caters particularly to high net-worth individuals and families in Asia. A luxury real estate investment in Surigao City should be entrusted to only the highest-quality agency.

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