The Current State of Philippine Real Estate Market

Thought for the Day :

It’s that time of the year when Chinese Investors are cautious on transacting any business, this is called Ghost Month and started August 1st and will end August 29th.  But just like the last four years, there’s less and less Chinese Investors and those that tend to believe in this folk legend that follow this tradition !

Philippine Real Estate is at an all time high and there’s been concern of a bubble and POGO invasion which most believe is not healthy for the economy.

We ourselves are Real Estate Brokers have been waiting for a correction but it has not happened.  Just when we think that the property prices are too high, someone takes the bite thus a new benchmark in market value is established. 

I personally have had personal clients advise me that they should have bought 15, 10, 5 years ago when prices were still where they were.  That could be anywhere from 30% to 400% off current market values depending on the location.

Investors will remain prudent however, the fundamentals of the world economy isn’t the same and even think tanks from the best financial companies find it difficult to assess the current economic conditions, much more the future.

What we know is the tide is turning to Asia and Philippines stands out as one of the primer areas of investment.  Our property prices are still cheaper than other ASEAN countries and with the on going Build Build Build Infrastructure projects, this validates the appreciation of property values which is happening not only in Luzon, but in Visayas and Mindanao as well.

So, will property prices go down or correct ?  I highly doubt it and in fact see at least another 5-10% appreciation before the year ends depending on the property and it’s location.

Have a great weekend !

www.robertgsarmiento.com

PRC REBL # 6569

PRC Lecturer’s License # 0294

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Robert G. Sarmiento Properties
Professional Affiliation :
Philippine Association of Real Estate Boards
Member, City of Taguig Real Estate Board 2016 - 2019
Real Estate Broker’s Association of the Philippines 2000 - 2015
President, San Juan 2008, 2009
Philippine Association of Real Estate Boards
San Juan Mandaluyong Chapter 1998, 1999
PRC # 6569
PRC Lecturer’s License # 0294
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+ 632 5536051 ( trunkline )
+ 632 4781316 ( telefax )
+ 632 8561365 ( line 3 )
+ 632 8041701 ( line 4 )
+ 6325148481 ( mobile landline )
+ 63 917 5364829 ( globe )
 

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