What is the difference between a house and lot vs. a condominium in Cebu?

House-and-lot properties offer more space, privacy, and land ownership, but are typically located in suburban areas like Talamban, Consolacion, or Liloan. Condos are in urban centers with amenities like pools, gyms, and 24/7 security, ideal for professionals and investors. Houses appreciate through land value, while condos appreciate through location demand. Budget-wise, condos start lower but have monthly association dues.