The Philippine Real Estate Market in 2Q2022

While the market for properties for sale remained stable over the last few quarters, the market for rentals has been growing rapidly. As several companies return to some form of onsite work and schools test re-opening, demand for rentals has been steadily growing since 4Q 2021.

Lamudi looks into property search and demographic activity in this quarter to identify new rental trends and anticipate where the market is headed.

Key Insights from The Outlook Quarterly 2Q2022

  • Condos and apartments posted strong performance in 2Q 2022.
  • Condos attracted the largest increase in leads in 2Q 2022.
  • Condos for rent attracted the largest quarter-on-quarter increase in overall leads on Lamudi.
  • Leads for vertical developments for rent were most concentrated in metropolitan locations, while leads for houses were spread across provincial areas.
  • Properties priced 5K to 30K attracted the highest increase in leads.
  • Condos followed by commercial properties contributed the most rental supply on Lamudi overall.
  • Plenty of commercial options are available within and outside Metro Manila.
  • Makati – Metro Manila’s financial district – attracted the most leads from prospective renters, while cities in Cebu continued to attract the most leads in Visayas.
  • Quezon City and Manila were among the top sources of leads for rentals throughout the country.
  • Comfort amenities (such as air-conditioning and balconies) as well as fitness amenities (swimming pool and gym) were the most popular amenities on Lamudi in 2Q 2022.
  • Leads for horizontal development were most heavily concentrated in cities across Metro Manila and Luzon.
  • Singapore was the leading overseas source of inquiries for condos and houses for sale.
  • Cities in the Middle East contributed the most overseas leads to properties in CALABARZON.
  • Property seekers in the Middle East showed strong interest in horizontal properties.
  • East Asian property seekers were most drawn to highly urbanized cities in metropolitan areas.
  • Philippine leisure and retirement destinations may be attracting inquiries from seekers in North and South America.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Palawan Gems from Seanderg: Properties for Beachfront Living and Tourist-Friendly Businesses

Think of Palawan, and images of popular destinations like El Nido, Coron, and Puerto Princesa will crop up. This idyllic province, however, has so...