Philippines has become one of the hotspots for foreign property buyers in Southeast Asia. With favorable demographics and an increasing middle class, Metro Manila has undoubtedly seen the biggest interest.
Foreign corporations move to the region, setting up offices and operations in places like Cebu and Davao, where labor costs are low.
With that said, the COVID-19 had a profound impact on real estate markets all over the world and the Philippines was not an exception. Yet, this might result in a rebound in 2021.
In this article, I share our predictions for the Philippines’ property market in 2021.
Topics covered in this article:
- The Property Market in Previous Years
- How did the market perform in 2020?
- How will Philippines’ real estate market perform in 2021?
- What is driving the demand for real estate in the Philippines?
The Property Market in Previous Years
Continue reading Philippines Real Estate Market Outlook 2021: A Complete Overview