Philippine Real Estate News And Current Updates

[Jeff M.]

Strong Investor Confidence In Resilient Property Sector

“Previous crises have shown that prices recover immediately once market sentiment and business activities start to improve. During the Asian financial crisis, prices of condominium dropped between 9 percent and 14 percent from 1998 to 1999, followed by a recovery in 2000 when prices grew by 24 percent. The same trend was observed during the global financial crisis when prices dropped by 1.5 percent in 2009 and immediately recovered in 2010 with a 2.1 percent increase in average prices,” Colliers International Philippines had said.

Read more: https://business.inquirer.net/307174/strong-investor-confidence-in-resilient-property-sector#ixzz6XzvzOCxw

[Matthew McNeil]

Originally posted by @Jeff M.:

Originally posted by @Christian Cramer:

A real estate agent in the Philippines says its a good time to buy? 

Similar to asking a barber if you need a haircut. 

The Philippine real estate is still the best place for long term investments. Local investors usually buys from a reputable developer at pre-construction stage, with annual growth rate at 9%.

Then there's reality. Investors buy from a reputable developer then wait 2 to 3 and sometimes 4 years for the condo to be built. Those developers ride on the backs of investors who lose money from loaning their money to the developer to build the tower with ZERO return. Zero cashflow.