Overseas Filipinos Drive Local Property Surge
One of the key economic indicators to Philippine GDP remains cash inflows from overseas workers.
Not only is this key to the general economy, but also is a driver in the rising property market.
Listed property firms remain keen on bringing properties to market, especially in the condominium sector.
A recent article on the Bloomberg financial network pointed out that leading firm Ayala was holding property exhibitions in the US on both the west and east coast to tap into buyers.
Buyer motivation continues to be a mixed bag ranging from investment, to use by extended family to those who eventually want to return to the country.