Philippine real estate market: Outlook remains rosy, but challenges loom on the horizon

MANILA, Phillippines, March 23, 2015 /PRNewswire/ — With the latest economic growth rate at 6.1%, second only to China, a growing service sector, and rising foreign investments, the Philippines remains one of the world’s bright spots. (Figure 1) Given the country’s strong economic performance, real estate services agency KMC MAG Group believes that the local real estate market is in a position to sustain its growth across all sectors.

“We expect the property markets to remain active throughout the year,” shared KMC MAG Group Managing Director Michael McCullough. “There are a lot of reasons for this optimism, chief among them low interest rates, quantitative easing from the central bank, and positive feedback from investors. These factors have helped create a favorable climate for both local and foreign businesses.”

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