The Philippine Real Estate Market

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Recommended: Economy in the Philippines

As you will remember the political reforms of President Aquino’s “slowly but surely” and the “ daan na matuwid” statement has begun to bear fruit. The World Bank stated recently that Philippines economic growth showed a great aptitude. And it now started to have more individuals that have begun to risen their confidence in the economic market. Philippines is possibly be called as the “rising tiger of Asia” and possibly be dismiss as the “sick man of Asia”.
The Philippine Real Estate market in totality moves up, so there’s still no signs of asset price bubbles in the property market. As the Philippine Gross Domestic Product rose by 7.8% in the first quarter of 2013. And when the GDP of a country rise, it will set the context for rising property prices which gives an expectation for a strong growth of the country’s economy.
In Asia, Philippines property prices are one of the lowest and are 80% lower than the Singapore’s premier city center properties but then the rental yield in the Philippines is much higher by around 7% than the Singapore. The real estate market stability is fundame...

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