Philippine Property Market 2018 Record Year

Will 2018 finish as a record year for the Philippine property market?

As 2018 begins to wind down, some experts believe this could finish as a historic year for the Philippine property market. Research from Colliers International found new highs in both real estate supply and demand could be seen in the country before the end of the year.

These potentially record-setting marks come despite rising interest rates and inflation in the Philippines. The domestic economy grew slower in the second quarter of 2018, hitting a three-year low of six percent. However, the country is still the third fastest growing economy in the region, behind only Vietnam and China.

“Amid the slower growth, the property sector remains resilient with major segments such as office, residential and leisure poised for record-high demand and supply in 2018,” a recent report from Colliers International noted.

One reason the Philippine property market, and the residential segment in particular, is predicted to remain stout is due to improved relations between the Philippines and China. Colliers International revealed that rental rates were 30 to 50 percent higher in some residential condo properties in the Bay Area and Makati due to an influx of mainland buyers. International developers could soon join them.

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Crown Asia not only offers the “trophy” home every family deserves, but also the primmest location where every community has access to different needs within arm’s reach. Up to this date, this Vista Land Company subsidiary has proven that Filipino families deserve a quality home where they can raise good values among their homes and community. Founded in 1995, Crown Asia still thrives to build beautiful homes that are meant to last for generations where families share cherished memories and enjoy limitless celebrations. It has earned its title to be one of the top home-developers in the Philippines catering to middle and upper-income earning families. It is also praised for their themed-communities inspired from stunning places around the world.