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.

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.