Factors to define 2018 property sector
“The Philippines is one of the most dynamic economies in the East Asia and the Pacific region. With increasing urbanization, a growing middle-income class, and a large and young population, the Philippines’ economic dynamism is rooted in strong consumer demand supported by improving real incomes and robust remittances. Business activities are buoyant with notable performance in the services sector, including the Business Process Outsourcing (BPO), real estate and finance and insurance industries.” —The World Bank
BULLISH ECONOMY. Like a bull, headstrong and bold, the country’s economy has a remarkable growth since the first half of 2016, making it one of the strongest performing countries in East Asia up to the present.
There’s a high demand for property matched with the advancement of technology. Anticipation grows for a Philippine real estate industry boom now that buying and selling are just a click away wherever you are in the world.
MORE TOWNSHIPS OUTSIDE METRO MANILA. Urbanization in the country is spreading in the suburbs and decentralization of Metro Manila is one of the platforms that the present government is gearing towards. More township projects in key cities such as Cavite, Laguna, Davao, Cebu, Bulacan and Pampanga abound.
INVESTMENT MINDSET. More and more Filipinos are financially conscious and investment-savvy. Times have changed that they now invest on real estate which can earn them passive income such as fractional ownership. Purchase of lots proves advantageous due to its appreciating value.
With these three major factors at play—bullish economy, availability of areas for future townships, and the markets’ investment mindset—it is imminent that 2018 real estate will flourish. Orchard Property Marketing Corp. OPMC) takes advantage of these through an entrepreneurial approach integrated in the marketing and selling system.
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