Tuesday, April 19, 2022
War in Ukraine & Russia: Will the Philippine Economy and Real Estate Be Affected with this event?
Monday, March 1, 2021
Buying Real Estate Amidst COVID-19 Pandemic in the Philippines
"The Time To Buy is When There's Blood in the Streets." - Baron Rothschild
With the ongoing pandemic and the disruption of business and everyday lives, In the past few months, there are a lot of negative news being reported from negative economic growth that lead to recession, inflation of basic commodities including food and rising fuel costs, and the rising unemployment brought about by this sad ordeal in our country because of complacency and lack of foresight among key leadership. There are still opportunities arising from the sudden halt of our existence. People have learned to adapt in such events and scenario for the good or bad.
Monday, February 8, 2021
A Look Back on 2020 and Beyond: The Philippine Real Estate Sector (Part 2)
Residential Real Estate Prices Declines
In the recent BSP Residential Real Estate Index Q3 2020 report, there is a sharp decline of properties particularly residential condominiums by -23% with many investors affected with the pandemic and the decline of foreign workers of various Philippine Offshore Gaming Operators in Metro Manila which have become the renters of these properties. With high vacancies and non-payments of loans. Majority of owners have decided to sell off their condominiums for other interested buyers particularly real estate speculators due to possible circumstances such as non-availability of credit from financial institutions because of stringent requirements against risks and defaults with a slow economy in recession.
Monday, February 1, 2021
A Look Back on 2020 and Beyond: The Philippine Real Estate Sector (Part 1)
The Year 2020 has passed over the past few weeks and we have survive another year under fear of the pandemic which has brought a lot of challenges over the past month after the COVID 19 SARS-COV 2 in December 2019. As we Filipinos are hopefully awaiting the arrival of the Anti-COVID 19 vaccine to our shore which is one of the key factor to help jump start the economy again to recovery. Although, the vaccine is NOT a magic pill or a silver bullet to annihilate this disease. It will tremendously help of those infected with better chance of survival but surely challenging times lay ahead with new variants of SARS-COV2.
Monday, December 7, 2020
Understanding Real Estate Markets & Cycle amidst COVID 19
With the current situation of the country and abroad, the global markets have been affected with the COVID 19 pandemic effects to the World Economy. There are current job losses, missed opportunities and money being lost brought about by such health crisis. All industries are dependent on Real Estate Market and are heavily connected with the national economy. In our recent post last February on the Philippine economic outlook for 2020, The Philippines had slowed down and has dipped to -7.3 % based from reports from Asian Development Bank. Contractions have been seen and felt all throughout the closure of the archipelago since March 16, 2020 to June 30, 2020 (Enhanced Community Quarantine) and the post lifting of ECQ to Modified General Community Quarantine in July 2020. A lot of businesses were affected with closures particularly the Micro, Small and Medium Enterprises (MSME) sector, hotel / tourism sector, airline and travel sector. Other sectors have were also affected with this great pandemic which contributed to the negative dip of the world economy in general. These industries are co-existing and reliant with each other and the real estate sector at the same time. In a recent reports from PSA released last month, says "The Philippines records a GDP growth rate of -11.5 percent in the third quarter of 2020".
Tuesday, August 11, 2020
The Philippine Economy and the "New Normal"
Monday, March 2, 2020
COVID 19: Effects to the Philippines and The World Economy
Photo by Anna Shvets from Pexels |
The world is in total grip towards pandemonium of Coronavirus Infectious Disease 2019 or COVID 19 (formerly Novel Coronavirus 2019). It wreak havoc in mainland China where the source of this infection believe came from in the market of the City of Wuhan, Hubei province, People's Republic of China. Although World Health Organization (WHO) officials mentioned at there is only a 2% chance of the probability for a patient afflicted with such disease die and 98% recovery rate. It still remains a threat to our borders and our national security, weakening the citizenry and stretching the nation's healthcare resources to the maximum. Our country, the Philippines is vulnerable to such pandemic effect of this new disease hitting our shores as we are very close proximity to mainland China with two related deaths of COVID-19 of whom the two casualties were Chinese citizens were reported as this writing.