Properties for Sale in Ermita, Manila, Philippines

Real estate in Ermita

The capital city of the Philippines, Manila, continues to enthrall many foreign investors and home-buyers with its vibrant real estate scene. At the heart of this bustling city, Ermita stands out as an ideal location if you're in the hunt for a beautiful condominium or a residence in a location that seamlessly blends modernity with rich cultural heritage. This vibrant district in the heart of Manila, renowned for its Spanish colonial architectures interspersed with contemporary high-rises, has scored the moniker "Hermitage," capturing its alluring mix of history and modern urban lifestyle. Before you initiate conversations with a local real estate broker, it's essential to understand the property landscape in Ermita and what the district has to offer. Explore the list of properties available in Ermita, understand the market trends, and get a grasp on the investment required for a home in this culturally-rich and bustling locality of Manila. Ermita's captivating blend of the past and present provides a unique backdrop for residents who want a taste of cosmopolitan living in a city steeped in history.

Ermita properties: Market trends overview

The real estate market in Ermita, Manila has observed continuous price boosts, making it a popular choice for overseas investors and purchasers, predominantly from East Asian and Western countries like Japan, Korea, the USA, and parts of Europe. The prime location of Ermita in the capital city of the Philippines allows a balanced blend of a relaxed urban lifestyle and an active vacation due to numerous entertainment options, including shopping, dining, museums, and easy access to other bustling parts of Manila. Ermita is recognized for its lively city setting, cultural history, and a high standard of living. Over recent years, the local government of Manila has increased investment in the development of Ermita, making available a variety of property choices for both local and foreign home buyers. These include sleek and functional townhouses, apartments, modern city-style villas, traditional Filipino-style houses, and luxury penthouses. Finding properties for sale in Ermita, Manila, that meet any budget and lifestyle requirements is straightforward, making this vibrant part of the city one of the most enticing to foreign real estate buyers. There is a strong sense of community in Ermita, with the local residents known for their warm and welcoming nature, further boosting the appeal of the area's real estate market.

Average price of a property for sale in Ermita

What can you anticipate to spend on properties in Ermita, Manila? Numerous variables can tilt the scales on this one, such as the kind of property, its closeness to historic sites and beaches, the convenience it offers, and your individual preferences (like luxurious additions, size, ease of access, etc.). The most recent data reveals that the peak asking price for properties for sale in Ermita was approximately ₱285,000 per square meter. The priciest properties are generally located in the vicinity of Rizal Park and Manila Bay area. Conversely, the most affordable properties, with an average price per square meter of around ₱210,000, can be found near the Manila City Hall area. The mean listing price for a house in Ermita currently hovers around ₱25,300,000.

Types of properties can you find in Ermita

Ermita, Manila in the Philippines boasts a wide array of properties that cater to different lifestyles and preferences. From chic condominiums, upscale penthouses, elegant seafront residences, to authentic Filipino townhouses, Ermita’s property market is indeed diverse. Particularly impressive properties can be found within secure residential villages. These typically consist of 3-4 bedroom units with spacious balconies and duplex homes comprising two storeys, each with individual entrances. The duplex homes are uniquely designed with large patios and separate kitchens for each floor. A newly built house nestled in an advantageous location in Ermita is also a great selection. It offers stunning ocean views, and is just a short walk away from the beach, making it a perfect residence. Whether you're looking for modern convenience or traditional Filipino charm, Ermita, Manila has it all.