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.

Pre-owned Property: Ready For Occupancy Residential House in City of San Fernando, Pampanga

Despite the pandemic, This year 2021 let your dreams come true with this new listing from our real estate portfolio.  This elegantly designed home with modern aesthetic appeal was a conceptualized by an licensed architect in the second half of 2020 and was recently finished to the delight of the current homeowner. This unique private home was use formerly used as a rental vacation home.

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.