Philippines Real Estate has boomed in the past years. What are things to look forward to this year? Will 2019 bring more positive outcomes toward the Real Estate Industry?
No one knows for sure what is in store for the country in the coming year. However, there are some indicators that could provide clues on what to expect for the real estate industry.
Philippines’ real estate market looks bright for 2019, especially if we look at places like Metro Manila. But as with every real estate year, the market can shift in an instant.
Here are some things that you need to know in Real Estate this 2019:
Residential Properties for Sale
Due to the boosting economy, there has been an increase in demand for housing along with these expansions outside metropolitan areas.
Even if prices are expected to rise at the same rate as in the last few years, the rental yields are expected to remain at a similar level. The increasing tourist arrivals in the country also open more possibilities for the real estate sector.
Home prices and mortgage rates are likely to keep moving upward, bruising affordability. Builders are constructing more entry-level homes, lenders are gradually making it easier to qualify for a loan.
Office and Commercial Properties
The real estate industry’s steady growth in the past decades is attributed to the increase in demand for commercial properties driven by various factors.
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