No risk of a bubble; buy property now

Rappler.com

With the Philippine real estate market on a steady upswing and the country reporting a better-than-expected growth of 7.1%, now is the time to invest in property, Jones Lang LaSalle’s COO, Lindsay Orr, said on #TalkThursday. She advised those looking to invest to follow the infrastructure and buy residential. Orr said the market has been continuing on a steady path with no risk of a bubble in the near future. “End user demand came up by 11 to 12% over the last 3 years. If they continue to roll out developments at an ever increasing rate then sooner or later supply will outweigh demand and you will have the start of a bubble situation,” said Orr. Because of the continued demand, Manila will see new central business districts (CBDs) emerge to accommodate the growing commercial supply.

Read the full story on Rappler

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.