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.
In the Cities and Municipalities Competitive Index 2021 report, Binangonan ranks 12th out of 508 first- and second-class municipalities nationwide in terms of economic dynamism. A chunk of Binangonan’s source of income is rooted in agriculture, manufacturing, commercial establishments, and real estate.
And when it comes to creating ideal spaces for Filipino families, Pro-Friends offers communities made with family, function, and recreation in mind. Since 1999, it has opened more than 53,000 quality housing units, spanning 17 projects. And for its flagship project, Lancaster New City, it’s a development that, quite literally, might just have it all.
“On top of this, the members who have produced the highest sales will have a chance to win a brand new car or a brand new home. This applies as long as they qualify for a certain amount of sales for the year,” adds Ohmyhome’s Strategic Partnership Manager Cielo Dumlao.
Members get exclusive access to Ohmyhome’s extensive roster of products, deals, and services. The ELITE portal should also help members find the right match for their buyers’ preferences and requirements.
Market research from Colliers international Philippines sees major infrastructure completions within the next one to three years in North Luzon to be major points of consideration for buyers. Meanwhile, an increase in purchasing power can be expected in South Luzon, particularly in Cavite and Laguna.
From things like a preferred location or property type to your goals and budget, here are some of the things you need to carefully communicate to each other when you want to buy real estate.