WHAT TO EXPECT FROM PHILIPPINES REAL ESTATE

The government projects a major rebound in the economy as the easing of mobility restrictions has increased consumer activities and spending for real estate investments.

With these factors, Colliers, a premier international real estate research firm, saw good opportunities for the property market in the country at the start of the year. It has advised that a purchase of a house and lot for sale or a condo for sale towards the end of 2022 is a smart financial move.

Asian Development Bank says that the Philippine economy will grow at least 6.5% in 2022 quite a jump from its previous forecast of 6% in April of this year. This is still despite rising inflation which risks dampening the recovery that the country will experience in the next months.

The Philippine economy recovering as a whole would also entail that the Real Estate Market is bound to grow once again.