Living in a fast-paced society translates to more demand for quick solutions to any problem we encounter. In real estate, a brief and easy transaction is the best viable option for a property seeker.
According to Lamudi data, “rush sale” topped the list of searched terms on the property platform in the second half of 2022.
Rush sales could be brought about by the need for cash of the seller as soon as possible, or it could be because a client immediately needs a new abode. Overseas Filipino Workers (OFW) who were back in the Philippines for the holidays may have also been interested in a quick process to complete the deal before they returned to their workplace out of the country.
In addition, property location is one of the top factors property seekers look for. According to the leading property platform, Parañaque, Cebu, Tagaytay, Batangas, and Makati were among the frequently searched areas.
Developers and their respective projects that are geared towards addressing client needs, like building transit-oriented communities in key hotspots in the country, can gain more traction from the property seeker of today.
“Pag-IBIG house and lot” also emerged as one of the top searched terms on the property portal. The Pag-IBIG Fund’s program for minimum wage earners and their longer loan tenure lead to smaller monthly payments for properties.
Therefore, developers must consider having flexible payment schemes to cater to any property seeker.
The Outlook 2023: Philippine Real Estate Awards Returns
It is high time to acknowledge real estate trailblazers that adhere to meaningful causes. Nominations for the highly anticipated The Outlook: Philippine Real Estate Awards are now open to recognize outstanding developers and developments from Luzon, Visayas, and Mindanao.
To nominate, simply go to The Outlook Awards page and fill out the necessary form to cast your vote. Property developers may still nominate developments that have already bagged an award from past The Outlook Awards as long as it’s from a different category.
Lamudi’s awarding ceremony also recognizes timely initiatives promoting growth in the industry. Last September 27, 2022, The Outlook 2022: Philippine Real Estate Awards gave tribute to pandemic initiatives of top players in the property sector. Apart from these special citations, The Outlook 2022 also recognized the best projects in Luzon, Visayas, and Mindanao in the House, Condominium, and Mixed-use Development categories.
Start submitting nominations for The Outlook 2023: Philippine Real Estate Awards now and visit The Outlook website to learn more about the event: lamudi.com.ph/outlook2023/.
