As of 2021, the average price of a house and lot for sale in Davao City is about PHP 38,200 per square meter.
According to the 2020 Census, Davao City has a population of 1,825,450, making it the most populous city in Mindanao Island.
There are over 30 hospitals and healthcare institutions in Davao, most notable of them include the Davao Doctors Hospital, Davao Adventist Hospital, Brokenshire Memorial Hospital, and the Southern Philippines Medical Center.
There’s a growing number of higher education institutions (colleges, universities, etc.) in Davao City. The most well-known among them include the University of the Philippines Mindanao, Ateneo de Davao University, the University of Mindanao, and the University of Southeastern Philippines.
Located in Davao del Sur, Davao City started out as a sleepy town that was only occupied during the last 50 years of the 300-year Spanish regime. This led to the city not being as heavily influenced by Spanish traditions, leaving it open to integrating the diverse cultures that entered its borders. Today, the city is a proud mix of the indigenous Maranao culture and the Visayan language and customs with a dab of Hispanic influence. Nonetheless, it still retains a subliminal character that is distinctly Davaoeño.
The city’s diversity is further expanded thanks to its land area of 2,444 square kilometers, making it one of the Philippines’ largest in terms of size. Within the city confines, one can find evidence of the city’s historical influences. Its key landmarks include the Mindanao Folk Arts Museum, the Japanese Tunnel, and People’s Park, among others.
As one of the nation’s largest cities, it is given that Davao City is also one of the most developed and highly urbanized, making it a great place to buy a home to settle down in. The city is included in the East Asian Growth Area, which is a regional economic cooperation initiative in Southeast Asia. Its seaport is one of the country’s busiest, while its airport has direct flights to Metro Manila, Cebu City, and Singapore.
While most would assume that the city gets by using its commercial infrastructures, agriculture actually continues to be its largest economic sector. Countless banana, coconut, coffee, and pineapple plantations can be found all over the city and neighboring towns, and its gulf continues to be a suitable place to make a living for many fishermen.
Similar to its cultural diversity, property options in Davao are equally varied. The city’s large land area makes its residential districts some of the most livable in the country. There are many available lots for sale to build a dream home on, and a growing number of condos for sale for those who prefer to live in high-rises. However, for as low as PHP 500, 000, one can already be the proud owner of a two-bedroom house, minutes away from Davao City downtown.
For somebody ready to invest a little more and intend to really establish a life in the city, one should take a look at houses for sale in Ma-A, Davao City. With mansion-like and brand-new modern houses, this particular area promises ultra-comfortable city living. For around PHP 50 million, there’s a home waiting for you, adorned with elegant decorative items and filled with amenities like a private pool with a minibar.
Whether you are a single young professional, a part of a large family, or a retiree looking for a place to relax, there is definitely a house and lot for sale in Davao City that is perfect for you.
In terms of payment options, most houses for sale in Davao require up to 20% down payment. If making a huge one-off payment isn’t possible, consider rent-to-own units in the city.
|2021 Average Price Data for a House and Lot for Sale in Davao City|
Median Price (PHP)
|NOTE: Data is based on listings uploaded by real estate professionals in 2021.|
Are there any cheap house and lots for sale in Davao?
Yes, there are over 133 cheap house and lots for sale in Davao. You can buy a high-quality house in a central location for less than Php 5,000,000.
Are there any house and lots for sale with a swimming pool in Davao?
Yes, you can find around 136 houses with a swimming pool in Davao. You can enjoy Davao’s perennially excellent weather in the comfort of your own swimming pool.
Are there any foreclosed house and lots for sale in Davao?
Yes, you’ll find about 581 foreclosed house and lots for sale in Davao. These affordable properties are a great way to fast track your path to homeownership in one of the most beautiful regions in the country.
Buying a home isn’t an overnight decision. It’s one of the biggest milestones for a Filipino as it’s a huge financial investment. As a buyer, you have to be cautious, scrutinizing, and careful when looking for houses in the Philippines. It is, after all, where you’ll raiseyour family andfind respite from the daily grind.
Investors are closely following Davao City’s rapid growth. This is natural due to the prospective influx of government projects headed its way well into 2022 and beyond. At present, the Davao Regional Development Plan (DRDP) for 2017 to 2022 aligned with National Economic Development Authority’s (NEDA) AmBisyon Natin 2040 initiative is the clearest indicator of the city’s continuous development.
The Home Development Mutual Fund (HDMF) or more popularly known as the Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya, at Gobyerno Fund or the PAG-IBIG Fund is a fund dedicated to the creation and establishment of a national savings program and an affordable shelter financing scheme for Filipinos.