expected property value bonifacio global city

If you are wondering why Metro Manila condo prices are on the rise, well, it has everything to do with a hot market. Pent up housing demand in several locations means property prices are expected to continue on their upward trajectory assuming the central bank doesn’t aggressively increase interest rates. Those thinking about Philippine property investment in 2023 may not want to wait too much longer before buying. Home price growth coincided with on-site work and in-person classes resuming in full. This was the sixth consecutive quarter that Philippine property prices have risen, and they are now inching closer towards pre-pandemic levels. The biggest gains were seen in the National Capital region where residential property prices surged by 14.6 percent due in large part to the condominium sector. Philippine property prices rose again in the third quarter of 2022 with the Bangko Sentral ng Pilipinas (BSP) Residential Real Estate Price Index rising 6.5 percent year-on-year in the third quarter of 2022.

4 things to know about Philippine property investment in 2023 Prices on the rise That is why we are here with four things you want to know about Philippine property investment in 2023. Other locations, such as Davao and Metro Cebu, are up-and-coming real estate destinations in the Philippines worth exploring.īeing informed is vital whatever your decision happens to be. In places such as Metro Manila, demand and prices rose noticeably in 2022 meaning investors may want to act quickly. The pandemic is fully in the rearview mirror and a recovery is already well underway in most locations and segments. Philippine property investment in 2023 will chart a different course than what we have seen over the past few years.

Expected property value bonifacio global city