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Philippines property market is best in 20 years: CBRE

Posted on 21 June 2012

The Philippine real estate market is now the best it has been in 20 years, according to property consultant CBRE Philippines. CBRE Philippines chief executive and chairman Rick Santos said the Philippines is “no longer the sick man of Asia but now the sweet spot for investors.”
“I’ve been back in the Philippines for 20 years now and this is the best real estate market we’ve seen. We think this market has legs and we’re confident in the next 5 years. All eyes are now moving from BRIC (Brazil, Russia, India, China) economies into TIP (Turkey, Indonesia, Philippines) markets,” he said……………………………………….Full Article: Source

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