Facts About Townhouses

Townhouses are some of the most popular types of housing in the Philippines. Although condominiums have outrun townhouses in popularity, many Filipinos are still choosing between buying a house or a townhouse. This is because townhouses of today have become larger, usually with two to three floors, compared to the townhouses of the past.

However, one thing that stayed with townhouses is its luxury. According to many Philippine real estate experts, townhouses are usually made luxurious, which may look to demand a high lifestyle. Some of these townhouses are even more expensive than buying a house.

Although townhouses are known as the most popular type of housing in the Philippines, there is still little known about the origins of townhouses or townhouses in other countries. Here is a short detail about the origins of townhouses as well as the popularity of townhouses in other countries.

Origins of Townhouses
According to many Philippine real estate experts, townhouses were first used in the United Kingdom, Ireland and in many other European countries. It was mostly used by aristocracy in the capital or major city. During the social season (when major balls and drawing rooms took place), and when parliament was in session, peers and the servants moved to live in their townhouse in the capital.

Townhouses eventually spread all over Europe then in the US in which still retained the name townhouse, while in Britain, the name was widely changed to terraced housing.

Townhouses in other countries
Townhouses in the US are popular for its location. Most of their older townhouses are usually found in small footprint in a city. The small footprint of the townhouse allows it to be within walking or mass transit distance of business and industrial areas of the city, yet luxurious enough for wealthy residents of the city.

The US is also known for their condominium townhouses. These types of townhouses involves the purchaser owns only the interior, while the building itself is owned by a condominium corporation. The corporation is jointly owned by all the owners, and charges them fees for general maintenance and major repairs.

Townhouses in other Asian countries are also known for its luxury. One popular type of townhouses are townhouse complexes. These complexes are usually large, often with high security, resort facilities such as swimming pools, gyms, parks and playground equipment. And according to many Philippine real estate experts, townhouses has a Strata Title, i.e. a type of title where the common property is owned by a corporation of individual owners and the houses on the property are owned by the individual owners.For more information visit to our site at http://www.atayala.com