01.02.2013 - Philippines: Boosting real estate industry growth
The Philippines is experiencing a boom in the real estate market. The growth movers of the industry are funds sent home by Overseas Filipino Workers (OFWs) and the robust Business Process Outsourcing (BPO) industry. The real estate sector registered growth of 18.8 percent in the third quarter of 2012, making it the country’s fastest-growing industry. BPO companies are fueling the demand for office space, said United States of America global property manager CBRE Global Corporate Services, noting that 80% of transactions in 2012 were made by BPOs. The trend is expected to continue in 2013 with the continued growth of offshore outsourcing and the call center industry...............................................Full Article: Source
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