Disruptive impact of the Chinese buyers on the real estate market in the Philippines: a double-digit growth is expected in 2019

Buyers from mainland China had dominated residential sales in the Philippines amid improving ties between Manila and Beijing, real estate services firm Leechiu Property Consultants said.
According to the same source
LPC, the Philippine property market is expected to achieve double-digit growth this year, with real estate values seen scaling all-time highs across all sectors.

As a real estate investment and property management firm, we can furthermore report some significant changes in the residential lease market, coming together with a strongly increasing demand of staff housing from many Chinese companies who are establishing and developing their businesses in the country.

Market prices of the properties are still mostly driven by the developers and now from Chinese cash buyers, but the time for a more mature market is probably about to happen, specially in the areas and territories where the lands are fully developed.

For any information, our company is providing independent advisory on the market and offer direct and full property management to investors.

admin@helyos.com.ph

Sources:

http://www.pna.gov.ph/articles/1064886

https://www.philstar.com/business/2019/03/19/1902780/mainland-chinese-overtake-ofws-top-buyers-philippine-residential-market-report

Oxford Economics: 10 emerging markets will dominate the global economy in the next decade 2019-2028

  • Most of the top 10 fastest growing emerging market economies are in Asia, in line with expectations that the region is the future of the global economy.
  • The Philippines is set to have the highest increase in its labour force of any of the top 10 which, alongside its GDP growth of 5.3% which is following only the top performer India.

Source: Business Insider

Data: Oxford Economics

A wave of governments placing restrictions on foreign real estate investors

New Zealand became the latest in a wave of governments placing restrictions on foreign investors, joining countries like Denmark and Switzerland, which have long restricted real estate investment by non-citizens.

Other countries taking similar measures in recent years include Australia, the Canadian provinces of Ontario and British Columbia, Singapore. Britain is considering adding a 1 percent tax on home purchases made by non residents, and Malaysia is also eyeing new levies.

Restrictions like these have led to slower growth in many of the areas that have adopted them.

The Philippines are currently opened to foreign investments and are about to ease the foreigners’ business. Catch the right time and get in touch: admin@helyos.com.ph

For details about the mentioned news, source is the New York Times: Read More…