Recognized as one of the most powerful markets in the Asian possessions industry, the Philippine real estate sector is driven by a healthy economic growth that is fueled by a strong influx of direct foreign investments. Investor confidence in the Philippine properties industry can be directly attributed to reforms initiated and implemented by the country’s government.
In addition, the Philippines has been able to achieve a high GDP rate in spite of the international recession and one reason behind this is an active construction business and high quantity of OFW remittances. Apart from that, superior credit score achievement and political stability have also helped to create a viable economic environment. Learn more about real estate business from experts on CitiGlobal marks 2015 as banner year, poised to be major real estate player in the Philippines.
Because of this, buyer and investor confidence is at its summit, and demand for office space in major business districts in Metro Manila, the country’s national capital region, is on the rise, together with demand for residential space and condos.
Majority of the buyers in the Philippine real estate industry also realize that investment in real estate is a wonderful means of building up assets and wealth and that a keen eye for choosing the right location of properties to put an investment in determines the viability of such an investment. For good investment opportunities in Manila property.