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Real Estate Briefing - Categorized | Market Moves, Performance more

Philippines property market looks phenomenal

Posted on 25 May 2011

All signs are pointing to a surging property market in the Philippines. The economy is growing at 7 per cent, its highest rate in 30 years, and remittances from more than 10 million overseas Filipinos is expected to increase 7 per cent this year.
While the price of luxury homes has only grown 3 per cent to date this year, the rents in these sites are already up more than 8 per cent, according to data from real estate firm CBRE……………………………………….Full Article: Source


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