The Philippines continues to see further appreciation in prices of real estate sector, recording an aggregate average of 7 to 15 percent of gradual increase in prices for luxury 3-bedroom condos within the Makati central business district area alone within the period of 2012 to 2018.
House and lot units have also seen increase in prices across the country – from 5 to as much as a surge of 30.7 percent as per reports from Global Property Guide.
These numbers prove that the Philippine Property Landscape is still in good shape and is forecast to continue the trend as more and more Filipinos invest in real estate to fund for the future of their loved ones.
Included in the list of Filipinos investing for their future are overseas Filipino workers, particularly from the Middle East, whose purchasing power gives them several options across the country to select their future residence when they decide to head home for good.
This is supported by the annual information drive and advocacy of the Philippine Property and Investment Exhibition, now on its 8th year, which hosts free seminars on finding the right property, investing in the appropriate location, for the benefit of over one million Filipinos in the UAE.
The annual property exhibition also hosts several of the Philippines’ most premier property developers who are now household names among OFWs when they think of properties in the Philippines to invest on.
Philippine property value continues to rise in 2020
