About this document
Property Market Status in 2021 by Cherry Duldulao is a document available to read on EtoBox.
The Philippines real estate market grew significantly in previous years but suffered in 2020 due to the COVID-19 pandemic. While property prices dropped sharply and sales fell 49% in Q2 2020, the market is expected to rebound in 2021 with a projected 7.8% GDP growth. However, the recovery will depend on vaccine distribution and economic opening. Major drivers of future demand include the booming BPO industry, increased flexible workspaces, growing numbers of Chinese buyers, and high remittances from oversea
- Author
- Cherry Duldulao
- Language
- EN