How is real estate in the Philippines right now?
Posted by admin on 12 Oct 2008 3:22 pm. Filed under Philippines.
mykee
I just want to know how USA economy has affected the real estate of country? Are lots still selling well especially in Bohol? In general are properties still selling or has the US economy affected the real estate status of the country?
I just want to know how USA economy has affected the real estate of country? Are lots still selling well especially in Bohol? In general are properties still selling or has the US economy affected the real estate status of the country?
On October 15th, 2008 at 6:42 pm
the philippines was hit hard by the asian financial crisis last 1997. more than ten years after, it has recovered a lot and is experiencing rapid growth in terms of real estate. but with the crisis in america, people are waiting it out for the moment and trying to be liquid as possible. who knows? the crisis might spillover across the pacific.
On October 16th, 2008 at 4:19 pm
Real estate in The Philippines, especially for housing, has always been priced at a premium. Considering the cost of living otherwise, houses are very very overpriced. I think thats partly because of foreign money being used for that purpose. I also find the prices of used cars to be exorbitant. But, again, thats probably due to the foreign money thing. Oh well, it’s a free market so thats just the way is is. Supply and demand dictate the price. I’m thinking about building a subdivision. How about that?