Lamudi will feature the state of the industry by the numbers and highlight the increased demand for properties at Lamudi Academy’s year-end webinar, Real Estate Today, happening on December 7, 2022, at 2:00 p.m.
The free-for-all webinar will tackle and focus on the market’s online buying, selling, and renting condition during the third quarter of the year through the property search and demographic activity of platform users.
Real Estate Today is jam-packed with the latest information about the industry in the online sphere that can help brokers generate more leads in the years to come.
Real Estate at a Glance
The new normal is afoot with eased health restrictions and the gradual return of face-to-face classes, but the rise of interest rates affects key economic sectors like the real estate industry, which may cause delays in the development of various properties. For example, construction costs in August were 7% higher than the previous year, and 33% higher than costs in the base year of 2012.
Despite these challenges, the demand for real estate is high, especially in the economic housing segment. Properties for sale priced below Php 450,000 sustained the most significant increase in demand out of all other price segments.
While the demand for rental properties increased, its supply also rose. Rental supply continued to increase across most price segments.
The webinar will also reveal the top locations outside of Metro Manila where market demand for properties has surged.
Neighboring towns and areas have piqued the interest of various seekers looking for a house, lot, condo, commercial property, or apartment. Moreover, Real Estate Today will uncover the top searched amenities property seekers look for.
Real Estate News Wrap
2022 has welcomed a new administration, and one of their top priorities is to address the Philippines’ housing backlog, which sits at 6.5 million. The Pambansang Pabahay Para sa Pilipino Program aims to run throughout the president’s term and build one million homes every year, or a total of six million homes.
On the other hand, hospitality real estate improved in the first half of 2022. The resumption of business travel, a huge volume of foreign arrivals, and local travelers’ readiness to spend are key factors that contribute to the recovery of the sector due to revenge travel.
These are just some of the topics that will be discussed at Lamudi Academy’s Real Estate Today. The webinar is free for all attendees.
Register now through this link and discover more about the latest developments and trends in the real estate industry to bolster your year ahead.