Thursday, June 5, 2014

Philippine real estate shows growth

In another research survey released last March, the Philippines was reported as a top performer in the growth of worldwide housing prices.

Business Monitor International posted a positive forecast for the Philippine commercial real estate sector due to the country's strong economic growth. They credited the growth to the country's growing business process outsourcing, offshoring industries and increasing ASEAN integration. 

In the office real estate end, it is driven largely by demand for the BPO industry, which they see as increasing over their forecast period. 

This confirms predictions from the beginning of the year that the Philippines has stayed strong, and continues to grow as an appealing investment.

In another research survey released last March, the Philippines was reported as a top performer in the growth of worldwide housing prices. In GPG’s global house price survey for 2013, the Philippines was the fourth top performer with the average price of three bedroom condominium units in the Makati central business district rising 10.56 percent in 2013, following annual increases of 4.85 percent in 2012 and two percent in 2011.

The research house says demand remains strong, as indicated by soaring real estate loans.

It noted that based on data from the Bangko Sentral ng Pilipinas, the volume of real estate loans rose 38.5 percent year-on-year to P776.65 billion in September last year. They also credit the country’s economic growth for the local housing growth. 


Previous Next

Share
Email

Top Articles

Small spaces: Decor t...
Need a little more leg space in your living room? Use scaled-down sofas, arrang...
Home decor: Tips to c...
Even if you’re on a tight budget, it’s possible to completely transform a room ...
Buying Lots in Valenz...
Our partner is buying several properties in areas in Valenzuela, Quezon City, B...
Tips for designing th...
With imagination and clever design, you can encourage your family to spend more...
Buying Lots in QC, Va...
Our partner is buying several properties in Quezon City, as well as the cities ...
More property news...