Properties for Sale in Basak, Lapu-Lapu, Philippines

Real estate in Basak

The region of Lapu-Lapu in the Philippines is becoming increasingly popular with foreign home-buyers and investors, particularly the district of Basak. If your dream is to own a home or an apartment in a location that offers both urban conveniences and natural beauty, Basak should undoubtedly be at the top of your list. This vibrant district in Lapu-Lapu City combines the bustle of city life with the serene beaches of Mactan Island. Its unique combination of modern residential areas with traditional nipa houses has earned it the nickname "Urban Paradise." Before enlisting the services of a local real estate agent, it may be beneficial to research the current market conditions in Basak. Explore the different types of properties available for sale, and gain an understanding of the costs associated with owning a home in this dynamic locale. From modern condos to traditional houses, Basak offers a wide range of real estate options. Whether you're looking for a vacation home or a permanent residence, the diverse real estate in this "Urban Paradise" caters to all tastes and budgets.

Basak properties: Market trends overview

The real estate market in Basak, Lapu-Lapu, Philippines has observed a reliable surge in prices, luring foreign investors and purchasers, particularly from Canada, Australia, US, and various Asian countries. Its geographical location, straddling the azure Mactan Channel, bestows a peaceful yet lively lifestyle, thanks to an abundance of recreational facilities and beach resorts, along with convenient access to the bustling city of Cebu. Situated in the island city of Lapu-Lapu, Basak presents a blend of dynamic coastal ambiance, rich historical background, and an excellent standard of living. Over the recent years, local authorities have been prioritizing the enhancement of the district, thus offering a wide range of property options for local and international home seekers. This includes sleek high-rise condominiums, comfortable townhouses, contemporary villas, traditional ancestral houses, and luxury beachfront properties. The ease of finding a property for sale in Basak, Lapu-Lapu, that suits individual budget and lifestyle demands makes the district an inviting destination for foreign investors.

Average price of a property for sale in Basak

How much do you need to allocate for a property in Basak, Lapu-Lapu? There isn't an exact figure, as several factors come into play, such as the type of property, its closeness to major landmarks and beaches, available amenities, and individual preferences like luxury features, property size, accessibility, and so forth. Most recent data indicate that the peak asking price per square meter for properties on sale in Basak, Lapu-Lapu reached up to PHP 75,000. The most costly properties are generally located in the Bukidnon-Basak area. Conversely, the more affordable options with an average price per square meter falling around PHP 56,142, are usually found in the Babag-Basak neighborhoods. On average, the asking price for a house in this area is typically around PHP 12,653,475.

Types of properties can you find in Basak

In Basak, Lapu-Lapu, Philippines, there is a wide array of properties available, such as condominiums, luxury penthouses, upscale beachfront residences, and traditional Filipino houses. The most desirable properties are often situated in secure residential communities. You can frequently find 3-4 bedroom condominium units with spacious balconies and duplex units spanning two floors. These two-story units typically feature separate entrances for each floor, with each having its own large balconies and kitchen areas. Alternatively, you might prefer a modern villa nestled in a premium location in Basak, Lapu-Lapu, boasting stunning sea views, within walking distance to the beach, and presenting the perfect place to call home.