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Real Estate Briefing - Categorized | Asia Pacific, Market Moves more

Phillipines: No real-estate bubble this time

Posted on 23 July 2009

From Businessmirror.com.ph: The Bangko Sentral ng Pilipinas (BSP) allayed fears the real-estate market has been infected by speculation and said real-estate prices continue to be at a level consistent with the market.

On Tuesday, BSP Assistant Governor Maria Cyd Tuano-Amador said, “There are no indications of speculative activity in the real-estate sector as a result of low interest rates on properties.”……..Full Article: Source


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