PHILIPPINES YEAR OF RECOVERY

According to property analysts, 2022 has been a year of recovery for the real estate market in the Philippines. A recent report from First Metro Securities Brokerage Corp. stated that the next year or two will be good for the Philippines’ real estate market. As the pandemic restrictions have eased off and massive vaccination efforts have been rolled out, experts are seeing a successful economic reopening because of better mobility and Filipinos regaining confidence in face-to-face interactions.

Even before the pandemic started, the real estate industry had been identfied as one of the Philippines’ main market growth areas. Due to the development of more business areas in the capital region, the demand for labourers also increased which is beneficial for the overall economy. A return to such scenarios is paving the way for the property sector to continue growing over the years.

Real estate developers have been introducing more practical and affordable housing options which enable more people to avail of residential properties and eventually become homeowners