Cebu City Real Estate

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Located on the eastern side of the island of Cebu in the central part of the Philippines, Cebu City is considered the oldest city in the Philippines and once held the title of the capital of the country. There are approximately 922,000 people living within the 121 square miles of the city and over 2.8 million in the metropolitan area making it the second largest in the Philippines.

Cebu City is the main shipping port for all of the Philippines with nearly 80% of all their shipping companies located within the city. With its proximity to islands, beaches, resorts, places to dive and more, Cebu City has a robust tourism industry. On top of that shipbuilding is a major sector of the economy as well as business process outsourcing and real estate.

Culture and history play a major role in Cebu City’s lifestyle. Its Spanish and Roman Catholic influences are seen in everything from the food, the people and architecture. The Sinulog Festival is a major annual event celebrating the patron saint of Cebu, and the Church of the Holy Child is a major religious landmark dating back over 400 years. The American influence dates back to the early 20th century.

You’ll find the Fort de San Pedro, Tops Lookout, and Carbon Market, as well as the Basilica del Santo Nino, also known as Minor Basilica of the Holy Child.

Cebu City has a tropical climate with a wet season and a dry season. The rainy season runs June through December with an average of 7 inches of rainfall in June and September, the rainiest months. Average high temperatures are in the low-to-mid 80s with May being the hottest month and low temperatures are generally in the 70s.

Real estate is one of the fastest growing industries in Cebu. Property development, shopping malls, the Port of Cebu and shipbuilding are major industries and economic forces helping to increase interest and investment in Cebu City. There are some reports indicating that the real estate market in the central business area of Cebu City is saturated helping to bring real estate investment to underdeveloped areas.

Home to over 2 million people, Cebu City and the surrounding metropolitan area is growing in population, economy and investment. As a great place to live, work and study, Cebu City offers the culture and modern amenities that help a modern city thrive.


Cebu City, Cebu

Cebu City, Cebu
  • Country: Philippines

  • State: Cebu

  • Nickname(s): "Queen City of the South"

  • Population: 922,611

  • Area:

    City: 315 km2

    Metro: 1,062.88 km2


Lifestyle and Culture

There are plenty of museums, galleries and other sights to make the most out of any day in Cebu. The MuseoSugbo was a jail until 2004 but now holds several Spanish-era and American-era galleries. Other museums include the University of San Carlos Museum and the Casa Gorordo Museum. The Heritage of Cebu Monument is a visual masterpiece showcasing 500 years of history.

Cebu City hosts many great festivals throughout the year. The Sinulog Festival, also known as the Sinulog-Santo Nino Festival, is a major religious and cultural event taking place every January and is considered one of the most popular in all of the Philippines. Between 1-2 million people hit the streets for this epic event.

Cebu City is home to 11 large universities as well as dozens of other college branches and schools. The University of San Carlos is one of the largest with five campuses throughout the metropolitan area of Cebu. Other notable universities include The University of the Philippines Cebu, Cebu Doctors’ University and the University of Cebu.


Entertainment and Tourism

There are a few arenas, which host soccer clubs throughout Cebu City. Soccer is the main sport in Cebu and is played at the Cebu Coliseum and Cebu City Sports Center. The Cebu Football Association ran until 2016 but was absorbed into the Central Visayas Regional Football Association. The Cebu City Chiefs are a relatively new rugby team who are a part of the Philippines National Rugby League.

Cebu City has a nightlife for everyone. From the Kukuk’s Nest/Turtle's Nest designed for the more artistic type, to the Koa where patrons can enjoy a beer outdoors while listening to live music, to Mango Square where the party doesn’t even get going until after 10, there is always a hotspot to match the mood.

For those who love spending time at the market, the Carbon Market is the place for everything from clothes and jewelry to fresh fruits, vegetables and fish.

Entertainment and Tourism

Districts & Barangays

Cebu is split into two congressional districts which encompass 80 barangays, also known as barrios, wards, or districts.There are many cities located within the metropolitan area of Cebu, including Carcar, Danao, Lapu-Lapu, Mandaue, Naga and Talisay.



Carcar is a metropolitan city of Cebu and is a Heritage City. There are many structures and various types of architecture, such as homes and churches,which harken back to the Spanish and American periods. With public markets and beaches, Carcar is a great spot for Cebu City residents to visit or to call home.


Danao is a major economic force in Cebu and has seen considerable growth over the last couple decades. The main industries are mining, the gun industry, and the city is also trying to become a tourist location.


Home to the second busiest airport in the Philippines, Lapu-Lapu is a growing commercial, industrial and urbanized city. Lapu-Lapu is the famed located of the Battle of Mactan which took place in 1521.


Naga is a major city in metropolitan Cebu City and is home to the largest factory in the Philippines. Power plants and industrial companies help drive the economy in Naga giving it the reputation of being the industrial hub of southern Cebu.

Real Estate Market

Housing is increasing considerably in Cebu City to the point that many fear that a bubble is forming. This has spurned interest to develop in less busier locations such as Talisay City. Real estate agents believe there is still plenty of room for growth in the heart of Cebu City, but the more affordable options are found away from the central business district.

Housing and rental options varyin Cebu when compared to other major Philippines cities. Cebu’s rental properties are 30% lower than in Manila, whereas compared to rental properties Quezon City, Cebu is over 70% higher.

The housing market is growing in Cebu City with many Overseas Filipino Workers (OFW), Filipinos with foreign spouses as well as local businesspersons being the more interested buyers. It is not uncommon for a development to sell out long before the project is complete. Even with the high demand, the thriving economy is ensuring that developments are still being planned with hundreds of homes and condos expected to be built.

Prices vary regarding property in Cebu City with the more expensive options being found closer to the downtown area. The further out one goes, the less expensive property becomes. Public transportation makes traveling into the heart of Cebu City easy and is quite affordable. Some of the up-and-coming neighborhoods in Cebu include Liloan and Banilad.

Home Style Average Rent Price
1-bedroom apartment in City Centre $389.38
1-bedroom apartment Outside of Centre $232.90
3-bedroom apartment in City Centre $649.58
3-bedroom apartment Outside of Centre $480.55

Source: (May 2017)



Cebu City boasts eleven biguniversities within its boundaries. Most of these universities also have multiple campuses throughout Cebu as well. Some of these major colleges and universities include the University of San Carlos, the University of the Philippines Cebu, the University of San Jose – Recoletos, which is a Catholic university, and Cebu Normal University.

Public schools in Cebu City and the Philippines are broken into three main education tiers similar to the United States: elementary school, junior high school and senior high school. There have been many reforms recently to increase the length of formal education.