Interest Rates Are Through the Roof, So Why Haven’t We Seen a Property Slow Down?
Analysts say the rising interest rates “unlikely to dampen demand”
Analysts say the rising interest rates “unlikely to dampen demand”
Ohmyhome agents have always provided just that to all types of homebuyers, OFWs included. They know that it can be tricky to buy from abroad and that’s why they do their best to inform buyers of all their options, even the ones that they don’t know about.
Sure, you can go ahead and splurge. That’s fine, but this season also happens to present a golden opportunity to achieve all your other goals in life, like owning a house and lot or condo and growing your wealth.
According to data from Statistica.com released last July 2021, 38.7 percent of all households in the Philippines say that they intend to buy a single-detached house in the next year.
Moldex Residences Baguio, for instance, can be exactly what you are looking for in a vacation paradise, either for you or for potential renters. Conveniently located along Marcos Highway, this medium-rise residential community offers you a sanctuary reminiscent of the European Alps.
As the fastest-growing industry in the modern-day Philippines, BPOs might just be the key to driving real estate investments in the next several years.
Homeownership is not just for later in life.
Being an Overseas Filipino Worker (OFW), you also might find it hard to assess properties while you’re away from home. Putting down a downpayment for a house and lot or condo you have never even seen in person will always raise some questions and understandably so.
From filling up the paperwork to the actual steps to claim your assets, the process of validating and settling estate tax can be overwhelming for most of us. Legal obligations are just tedious, after all.
Heading into the last quarter of 2021, analysts expect property price growth in Cebu to come soon, with demand mostly coming from the mid-income market. Colliers International Philippines also estimates a 5% annual growth in Cebu City property from 2022 to 2025.