Is Philippine property boom sustainable?

A vibrant business process outsourcing industry is fueling demand for office and commercial spaces in the Philippines, real estate advisory firm CBRE Philippines said. This is unlike the property boom in years preceding the Asian financial crisis in the 1990’s when real estate demand was sparked by cheap credit and greedy investors looking for quick returns. Record low interest rates for housing loans are also helping prop home ownership now, but affordable financing is also complemented by real demand from Filipinos working abroad and investing in condominiums in the Philippines where they eventually still want to go home to. 


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