Looking historically, the market is still far from its historic peak.
But if you compare the current prices adjusted by inflation, the current prices are still 20% lower. This is probably not the case, at least if you look back at the time of the Asian Financial Crisis in 1997.Īt that time, the property market went through a sharp decline. You might wonder if the continuous price increases, that we’ve seen for the last seven years, means that the market has already reached its peak. Is Philippines’ real estate market at its peak? In 2018, the gross gaming revenue increased by 9.4%, which represents a flourishing industry backed by Chinese investors and gaming companies. The offshore gaming industry is one of the key drivers of the real estate market, both in the office and residential sector. We also see an increased purchasing power among locals. The rapidly growing economy is driving the real estate sector, with increasingly more Chinese investors and companies operating in the Philippines. There are few countries in the world that had a growth rate of 6-7% in the last decade. The demand is outpacing the supply in almost all major cities, while the office vacancy rate is less than 5%.īased on recent figures, as well as previous trends, many believe that Manila might be one of the best locations to invest in real estate in Southeast Asia. Overall, Philippines’ real estate market looks bright for 2019, especially if we look at places like Metro Manilla. How will Philippines’s real estate market perform in 2019? Title: Philippines Real Estate Market Outlook in 2019: A Complete OverviewĪuthor: Marcus Sohlberg in Property Markets & News | Date posted: October 16, 2018
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