A. There are a couple of strong underlying economic forces that are driving the real estate industry.
First, the average foreign exchange rate from November 2017 was Php 50.14 to November 2018 which is Php 52.64. This high rate can encourage USD earners to invest more in the Philippines.
Second, tourist arrivals growth increased year-over-year by a whooping 12.2%
B. For the residential sector, the residential market sustains stable growth due to strong demand for condominium units. Based on data from the Real Estate Price Index of Bangko Sentral ng Pilipinas (BSP), condominium prices continued to increase by 0.85% year-over-year. Most of the demand came from expat and multi-national executives, foreigners married to Filipinos and hign-income Filipinos.
C. Expansion by raw developers
D. With the growth of residential, the retail sector will parallel its growth.
E.And of course, there's the office, outsourcing and office sector that continues to show strong growth.
F.Overall, continued growth in the Philippine Real Estate Market across many sectors are stable.