2020 was a challenging time for the property industry, but signs of recovery in the latter part of the year gave a glimpse to a brighter, more hopeful new year. In this report, we’ll discuss what’s next for the country’s residential and commercial real estate industry, considering historical data from 2020.
Although 2020 has been full of challenges for the real estate industry, it remains to be an iconic year given the new opportunities that emerged from the pandemic. Interestingly, new hotspots have emerged as a reflection of the market’s new normal needs.
In this report, Lamudi aims to provide a snapshot of the state of real estate in the third quarter of 2020. We take a deep dive into the performance of key locations in terms of demand and supply.
In this trend report, Lamudi looks at where the market was headed in 2019, and how changes in 2020 disrupted or sustained real estate investment trends. In addition, Colliers Philippines lists recommendations for opportunities outside Metro Manila.
Get a snapshot of the current state of the residential market as restrictions on mobility switched from the strictest enhanced community quarantine (ECQ) to the modified ECQ (MECQ) in the first half of 2020.
During the two-month ECQ, those who were thinking about real estate pre-COVID gave property purchase a more serious thought. In this report, we prepare for the new normal in real estate transactions by taking a deep dive into the market behavior with the help of responses from property seekers, property developers, and real estate brokers and agents.
Investments in the real estate industry in 2019 showed a more concerted effort to catch up to trends not only in Southeast Asia but also worldwide. The notable increase in joint ventures between national developers and international companies has given the Philippines some of the most unique structures in recent years. All of this, of course, is backed by a growing demand for a lifestyle that is hinged on green, smart, and connected environments.
Lamudi's January 2020 data shows sustained interest in Quezon City real estate. Seekers on the real estate platform show a prevalent interest in properties for sale. Renters typically look for property costing Php 15,000 to Php 30,000.
2019 was a strong year for the real estate sector. Major cities all over the Philippines have shown interesting performance, and this has led to more opportunities in the office, residential, and retail sectors nationwide.
In this report, JLL outlines the drivers of growth in the metro for the third quarter of 2019, highlighting the ease in inflation as well as the changes in the residential, office, retail, and hotel sectors. Lamudi also details the sustained interest in property investments of property seekers, who are particularly interested in house and land for sale, and apartments and condominiums for rent.
As the demand for residential opportunities in the metropolitan areas continues to skyrocket, some city dwellers opt to choose homes just outside the busy metro. One province considered as a viable location that will attract a flock of new residents is Cavite. The province of Cavite continues to hold promising opportunities in terms of real estate developments and they aren’t bound to stop in the next couple of years, even decades.
Sitting in the Western Visayas region, Iloilo City spans over 70 square kilometers, surrounded by its friendly neighbors: Oton in the west, Leganes in the northeast, Pavia in the north, and the Iloilo Strait in its southern shores. Literally right in the middle of the country, it earned the title the Heart of the Philippines.
At the heart of Luzon, Pampanga in not just known for its traditional attractions like the giant Christmas lanterns and heritage structures, its capital of San Fernando is the center of commerce and trade and regional growth. With that, demand and supply of property in the area is flourishing.
Cavite has proven itself to be a hub for development with the growing supply and demand for properties in its major cities. Proximity to the capital’s burgeoning urban sprawl makes Cavite a perfect candidate to take on Metro Manila's continuous property requirements.
The growth of the Philippine real estate market is not limited to Metro Manila, as provinces such as Pampanga, Iloilo, and Cebu are contributing significantly to the sector’s resurgence.
Cebu, one of the oldest centers of trade in the Philippines, continues to draw in a range of businesses to this day. As a cause and effect, real estate developers work to address the demand for the variety of residential, retail and, commercial properties.
The Philippine economy is headed toward brighter days despite experiencing a few bumps on the road last year. The start of 2019, for one, started on a positive note as the average inflation rate softened in the first quarter of the year.
With a sustained macroeconomic environment projected over the next few years, the country’s property development sector is expected to continue to enjoy a few more remarkable years of significant growth, especially among property development firms who have set their sights on the real estate sectors of some of the country’s emerging areas such as Davao, Cavite, and Bacolod.
Upscale residential projects in the Bay Area remain to be a good prospect to cater to affluent families residing in Southern Luzon, as well as to the offshore gaming operators. There also lies an unparalleled proximity to the Manila International Airport and ease of access to primary business hubs and retail establishments in Metro Manila.
The City of Smiles has more to beam about with the growth of their local economy, which radiates on their real estate industry- both residential and commercial. The development of townships, as a result, highlight the vibrance of Bacolod even more.
With a solid market performance in 2018 and growth in the property sector’s various segments and emerging hotspots, in addition to positive trends such as green building and sustainability, property investors and developers alike can look forward to a favorable year ahead.
For most property development firms, tapping Overseas Filipino Workers (OFWs) and the expatriate community is a worthwhile investment. This is particularly true today, with the increasing value of the US dollar against the Philippine peso, since these niche markets have even more capacity to acquire properties in the country.
With the ongoing decongestion efforts of Metro Manila through several decentralization measures by the government, many property developers are expanding beyond the country’s premier urban hub to meet the growing demands of property seekers for residential condominiums in these so-called emerging cities, notably Davao, Iloilo, and Angeles in Pampanga.
The housing backlog created a ripe market for affordable housing. To help property sellers and developers take advantage of this growing market, Lamudi made a study on affordable property seekers: the key areas they are searching properties in, their search habits, and the types of affordable homes they seek.
The Lamudi Real Estate Market Report 2017 is a comprehensive report on residential markets and housing across the Philippines. It analyzes factors influencing the development of residential markets and explores areas for growth within the industry.
This report highlights the key insights on the country's thriving real estate industry and the top developers and projects recognized at The Outlook 2017.
This is a part of Lamudi's complete market report on the conditions of the Philippine real estate market in 2014-2015, covering data for condo communities in the City of Mandaluyong.
The Lamudi Real Estate Market Report is a comprehensive report on residential markets and housing across the Philippines. It analyzes factors influencing the development of residential markets and explores areas for growth within the industry.