From 2021 to 2023, the Philippine economy has been on a path to recovery after facing challenges due to the COVID-19 pandemic. In 2021, the country's GDP growth was 5.6%, accelerating to 7.6% in 2022. The economic forecast for the Philippines in 2023 projects a growth rate of around 5.3%. This growth is supported by the recovery in various sectors, including real estate, construction, and manufacturing....
Blockchain has made its way into the real estate industry. It is believed by some industry participants that blockchain technology will have a major impact on how real estate transactions are conducted, tracked, and recorded in the future. Before this upcoming revolution occurs, it's imperative to make sure we understand what exactly blockchain is and how it will affect real estate...
Green development has traditionally been a low priority in the Philippines, but rising demand from multinational corporations is driving a demand-led surge in LEED-registered buildings. At the moment, more real estate developers across the country are incorporating eco-friendly practices, sustainable development, and green community into their commercial, industrial, and residential projects. In fact,...
Villar SIPAG, the philanthropic arm of the Villar family, is about to host OFW and Family Summit 2022 on November 18 in Las Piñas City. The organization has been holding similar conferences every year since 2011 and aims to help overseas Filipino workers (OFWs) with their lives by providing them with financial assistance and other forms of support. This year's theme is "Bagong Simula sa Sariling...
Purchasing a residential property in the Philippines is one of the most important investments anyone can make. Whether you intend to live in your next home for the long term or sell it later for a profit, it makes perfect sense to want to protect your investment and ensure that its value continues to rise. Real estate is one of the most reliable assets in terms of increasing value. Experts have...
The luxury real estate market has undoubtedly performed remarkably well in recent years. Globally, sales of luxury condominiums, luxury houses, luxury villas, and other luxury property projects are soaring. The second wave of COVID-19 did cause a little slowdown in the Philippines' luxury homes industry and throughout the world last year, but it quickly recovered as the wave passed, and reports...
A housing bubble, also known as a real estate bubble, is a rapid increase in housing prices or housing market caused by demand, speculation, and reckless spending that eventually leads to a crash. Housing bubbles typically begin with an increase in demand due to limited supply, which takes a relatively long time to replenish and increase. Speculators pour money into the house prices and market, increasing...
Real estate virtual tours are a relatively new and exciting marketing tool. By using this technology, real estate agents can provide an immersive experience for their potential customers. Virtual tours are a way to showcase your listing in its best light. They are more than just photos and video clips: they create the feeling that potential buyers are actually standing inside the property. With a...
The Build Build Build Infrastructure Program (BBB) was the infrastructure program of Rodrigo Duterte's administration as the Philippines' 16th president. The program, which was a key component of his socioeconomic policy, aimed to reduce poverty, encourage economic growth, reduce congestion in Metro Manila, and address the country's infrastructure gap. The program, which began on April 18, 2017, also...
Public-private partnerships can play a decisive role in the administration's agenda for sustainable development. PPP in infrastructure promote government investments for public services and programs by leveraging private sector finance, expertise, and technology. What is a Public-Private Partnership (PPP)? A Public-Private Partnership (PPP) is a contractual agreement between the government and a...
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