Philippines Property

From 2010 to 2018, The Philippines’ property market experienced a house price boom, with the Makati CBD prices experiencing a rise of nearly 132%. Since then, growth has slowed with the advent of the US-China trade war, along with a slowing domestic economy. Even so, real estate prices in The Philippines have continued to grow nationwide, quarter on quarter. Economists and analysts are describing The Philippines’ housing market as a two-tiered one, with the Metro Manila CBD losing steam, while the rest of the country experiences economic growth. The Philippines is big on providing housing for employees who want to live near offices. A country with a strong remittance economy, more than 50% of Overseas Filipino Workers (OFWs) place their dollars in real estate. Together with the growing urban population densities, residential and commercial demand for condominiums and residential units has generated a healthy stimulus for the real estate market in The Philippines. For overseas business owners and professionals, their presence in The Philippines has created a demand for new residential and mixed-use projects both within and without Metro Manila. This means that The Philippines is primed for buildings and architecture of the future, one that is home to a bustling, self-sustainable metropolis.