Many businesses and industries all over the world have been affected by the COVID-19 pandemic, and the real estate industry was no exemption. Some believe that the real estate market has become soft and unreliable due to this, but studies prove otherwise.
While it is true that the luxury property market, along with other sectors in the real estate market, have also taken a blow during the early years of the pandemic, that seems to no longer be the case in the present time.
This year, 2022, has been treated by real estate professionals as the best year to invest in Philippines luxury property and real estate in general. It has been pointed out that the real estate market has softened during the pandemic, hence prices have been kept at bay, having only low prices even for luxury villas and other luxury properties.
This was not seen as a negative thing, but instead, it presented itself as a window of opportunity for those in the real estate market. Experts believe that the expected recovery of the country’s economy proves to be very promising for those in the real estate sector, especially in Philippines luxury property.
Various realty groups and consultancy firms have made their own research regarding the expected outcome of the country’s economy when it comes to the real estate market, and they have all presented only pleasant results so far.
The economy of our country has proven to be very resilient to external changes. During the recent years, there were positive changes with regards to the unemployment rate, interest rates, and remittances from overseas workers.
The Philippine economy has been steadily growing once again, backed up by the fact that it has already expanded by 8.3% with regards to growth momentum during the first three months of this year, 2022.
Colliers International, an investment management company based in Canada, has performed their own research regarding which countries are best to invest in during this season, and it truly has shown that the Philippines has come out on top.
This study on residential condominium outlook performed back in the first half-year of 2021 has revealed that Metro Manila had higher rental yields as compared to its neighboring Asian countries. Our country had yields of 3.9% to 5.7%, while other countries with lower yield involved Kuala Lumpur at 2.3% to 5.4%, Singapore with 3% to 3.3%, Ho Cinch Minh at 3.7% to 4.8%, and Bangkok at 4.4% to 5.2%.
Putting aside all the research and data with regards to the steady growth of the country’s economy, our governmental projects have also contributed a great deal to the interest of real estate and Philippine luxury property investors.
One of the most famous programs of our government is the ambitious “Build, build, build” infrastructure program. This program aims to reach a “golden age” of building infrastructure to improve mobility and connectivity in our country.
This program was also backed up by our country’s current president, President Ferdinand “Bongbong” Marcos Jr., who has also vowed early on during his presidential campaign that he would support the program in order to generate not just infrastructures, but also more jobs, and consequently, better lives for the countrymen.
Despite the pandemic, the “Build, build, build” program continued throughout these years, having pursued 92 activities to date – adding more increase to the economy. With this continuous expected growth, residential properties do not lag far behind.
Property development groups have also noticed an increase in growth corridors, which may have been an effect of the steady rollout of infrastructures. The growth corridors in C5 which connects Quezon City, Pasig, Taguig, and Makati has been getting the attention of most property developers.
The C5 growth corridor has been area known to experience high levels of economic activity as compared with other areas, seeing as how the growth corridor has a relative cost advantage. Property developments in here have seen prices which still provide room for growth, naturally leading property developers to gravitate towards the area.
There is an expected rise for real estate properties, especially in highly populated areas like Metro Manila. The country has been able to handle the pandemic much better now, hence, our lives are slowly reverting back to how it was before. Borders are being reopened, offices and educational institutions are back, and individuals have become free to roam around again because of enhanced safety measures and higher vaccination rates.
Investors have become interested in the real estate market, including Philippines luxury property, because of its low prices with big possible rewards. The low interest rate of these properties has been taken advantage of by investors in order to improve their own respective portfolios.
If you’re looking for a place to invest in, look no further than the home to the best Philippine Luxury Property, Brittany.
With numerous types of luxury properties to choose from, whether it be luxury houses or luxury condominiums, Brittany ensures to house your dream luxury home.
Take a deep breath and enjoy the incomparable relaxation offered by our Swiss-inspired luxury homes and luxury condos in Crosswinds Tagaytay. Taking a sit back and sipping warm coffee or hot chocolate has never been so comfortable than the luxury houses in Crosswinds Tagaytay.
Channel your inner artist and relish in the picturesque view in our Italian-inspired luxury houses in Daang Hari, none other than the remarkable Portofino Alabang. With three enclaves to choose from, namely, Portofino Heights, Portofino South, and Amore at Portofino, you have only the most beautiful houses to choose from for your next home.
Build connections and enjoy activities while situated in the heart of Laguna by living the American luxury lifestyle of our luxury homes in Brittany Sta. Rosa. Surrounded by many golf clubs and numerous other lifestyle activities, never experience a dull moment when living life to the fullest in Brittany Sta. Rosa.
Enjoy various activities even within the area by using our well-managed amenities like the clubhouse in Portofino Alabang equipped with its very own swimming pool and the most delicious and prestige of all delicacies.
Regardless of whichever Brittany Homes you find your dream home in, we assure you that all homes in Brittany are only of utmost quality in all aspects. With all-around security and world-class quality and services, comfort has never been easier to find.
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