Properties for Sale in Luz, Cebu, Philippines

Real estate in Luz

The Visayas region in the central Philippines is a magnet for international property buyers and investors. Luz, in Cebu, should be a top contender if you're on the hunt for your dream house or condo for sale in an idyllic setting with golden beaches. This gorgeous locale in the Cebu province, with its mountainous landscape and traditional multi-colored houses, has earned the moniker "El Dorado" or "City of Gold" due to its striking architecture and scenery. Before you get in touch with a local property broker, take time to explore what the market is like in this area, the properties up for sale in Luz, and the average price of a vacation home in such a special location. Luz neighborhood is rich in cultural heritage, fascinating history, and boasts of a vibrant local community, which add value to the real estate in this area. Whether you are seeking a budget-friendly apartment or a luxury beachfront villa, Luz offers a diverse range of real estate to suit every preference and budget.

Luz properties: Market trends overview

The real estate market in Luz, Cebu has seen a consistent increase in property values, drawing attention from global investors and property buyers, predominantly from Australia, China, South Korea, and the United States. Luz's prime location, nestled between the shimmering sea on one side and verdant green mountains on the other, enables residents to enjoy a relaxed way of life while having access to an array of recreational activities and facilities, as well as a seamless connection to the bustling city of Cebu. Luz boasts of its rich history, tropical surroundings, and an exceptional standard of living. In recent years, local government bodies have been channeling efforts into the town's expansion, offering an array of real estate options for both local and international buyers. These include sleek and functional condos, modern bungalows, luxurious beachfront villas, traditional Filipino huts, and high-rise penthouses. The availability of diverse properties for sale in Luz, Cebu, that cater to a wide range of budgets and lifestyle choices makes it a highly attractive location for global real estate investors.

Average price of a property for sale in Luz

So, what might you anticipate to shell out for properties in Luz, Cebu? The question isn't as straightforward as it might seem, given the multitude of elements that can swing the price. Influential factors range from the type of property, how close it is to cultural landmarks and beaches, to its amenities. Additionally, individual tastes in terms of luxury, scale, and easy access can massively impact how much a property costs. Recent data indicates that the maximum listed price for property for sale in Luz, Cebu, was PHP 120,672 per square meter. The priciest properties are commonly found in the Luz-Buhisan region. However, the area of Luz-Cogon Pardo holds the most economical properties, with an average price per square meter of PHP 89,914. Currently, the median listing price for a house in Luz, Cebu is hovering around PHP 13,749,870.

Types of properties can you find in Luz

In Luz, Cebu, Philippines, the real estate market is varied and colorful, presenting properties that range from modern condominiums, lavish penthouses, beachfront mansions, to traditional Philippine-style houses. Many excellent properties for sale are settled in secure residential communities. Most commonly, you can find 3-4 bedroom condos with expansive balconies, and 2-story houses, each level complete with their own entrance, spacious balconies, and fully-equipped kitchen. Alternatively, you might consider a newly-constructed mansion nestled in an enviable location in Luz, Cebu, offering panoramic ocean views, within walking distance to the beach, and essentially, an exemplary setting for a home.