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Q&A: What is it like to invest in Philippine real estate? | MyProperty.ph
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Q&A: What is it like to invest in Philippine real estate?

by MyProperty.phPublished: February 2, 2017Updated: March 24, 2017

Is now still a good time to invest in Philippine real estate?

What is it like to invest in Philippine real estate MyPropertry Philippines Makati skyline

 

Q: What is it like to invest in Philippine real estate?

A: Any property expert will tell you that there is money in real estate, which is why people who are looking to grow their finances are constantly being reminded of the opportunities to earn through property investments.

Taking into consideration current trends in the Philippine economy, real estate investing can indeed be a profitable undertaking. For one thing, the Philippine Statistics Authority (PSA) reported that the economy grew by 6.8 percent in 2016. (It is worth mentioning that PSA mentioned real estate as one of the main drivers of 2016’s last quarter growth, which was 6.6 percent). Also, Finance Secretary Carlos Dominguez predicts a 6.5 to 7 percent growth in 2017, a good sign that the economy is stable.

Also, Pinnacle Real Estate Consulting Services noted in their 2016 fourth report the influx of tourists to the Philippines, as well as the projected growth of the information technology-business process outsourcing (IT-BPO) industry by 12 to 18 percent from now until 2022. The increase in the number of foreign nationals coming to the Philippines for employment, vacation, or permanent residence is an indication that home and office rental business will continue to be robust.

Here is the good newws to those whose limited finances are hindering them from purchasing a property: more real estate developers are now expressing interest in going into the social housing game to help solve the low-cost housing backlog, resulting to the greater availability of more affordable properties.

On top of this is the building of new and improvement of existing vital infrastructure within Metro Manila and nearby provinces such as the Manila-Cavite Expressway (MCX); Skyway Stage 3; the proposed Cavite-Laguna Expressway (CALAX); the proposed Manila-Malolos Commuter Line; LRT Line 1 Extension from Baclaran to Cavite; LRT Line 2 Extension from Santolan, Pasig City to Masinag, Antipolo; and MRT Line 7 from North Avenue in Quezon City to San Jose del Monte, Bulacan. With travel to and from the metro becoming easier, the development of neighboring provinces will continue. In fact, developers have ventured out to building full-scale townships in these areas due to their growth potential, drawing more relocators to the idea of living outside of but in close proximity to and are accessible to and from Metro Manila.

For anyone looking to earn money by investing in a property in the Philippines, the opportunity is present, but proper research needs to be done. If venturing into the property investment business for the first time, it is still best to seek help from a mentor whose expertise can guide you in making the right buying and selling decisions.

 

Photo via Shutterstock

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