Wazzup Pilipinas!
Global property portal Lamudi Philippines looks at the top countries that make the Philippines one of the top property investment markets in Asia
The local and international markets are eyeing the Philippine real estate sector as a strong and lucrative venture.
Some of the compelling reasons that secure a foothold for the Philippines in the property investment scene can be attributed in the strong presence of business process and information technology outsourcing in the country, and the relatively low prices of real estate properties compared to other regions.
Likewise, the Philippines continues to capture foreign market due to the country’s positive demographics, GDP growth, and strong assets inflows from overseas Filipino workers.
In 2014, Manila bagged the fourth ranking out of 23 Asian cities in terms of city investment prospects, according to a survey by the U.S.- based Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC). Metro Manila closely follows Tokyo, Shanghai, and Jakarta, who occupy the top three positions, respectively.
Dubbed “Emerging Trends in Real Estate Asia Pacific,” ULI and PwC report likewise revealed that investors are increasingly willing to invest in emerging markets, such as Manila and Jakarta, instead of traditional markets, such as Hong Kong and Singapore.