Philippines Real Estate Review 2022

The real estate industry is a key driver of the Philippine economy, generating gross value added of nearly 126 billion Philippine pesos as of the second quarter of 2021. Due to the growing middle-class population and the sustained remittances coming from overseas Filipino workers (OFWs), the purchasing and investing power of Filipinos in real estate properties has been gradually increasing in recent years.

The real estate market comprises two primary categories - residential and commercial properties. Residential properties include homes or apartments while commercial real estate is a broader category that covers office space, industrial, retail, and hotels and resorts.

With a large density of tourists, an increasing number of expatriates, and numerous investment opportunities provided by the government, the Philippine Real Estate Industry is a thriving and robust market that actively caters to the needs of its growing population. Investors, entrepreneurs, and organizations that wish to start a business in the Philippines will likely need to set up a headquarters or back-office space to operate smoothly in the country.

From business real estate to commercial real estate, this article will provide thorough detail about the real estate landscape of the Philippines and how you can take advantage of the opportunities provided in the industry.

Reference 1: https://www.primeglobal.net/news/real-estate-philippines-trends-incorp https://www.statista.com/topics/8509/real-estate-industry-in-the-philippines/#statisticChapter