The number of Oversease Filipino Workers (OFW) is also constantly growing. Remittances from Filipinos abroad have grown by tens of billions of dollars annually.
An ongoing demand for real estate is expected to sustain a continued growth of the real estate industry. A number of real estate developers have multiple projects in the works for this same reason, while property prices are steadily rising in line with increasing demand. All the more reason properties are a great investment.
Conservatism is another factor to consider. The banking and property sectors have instituted safety nets that reduce risks, established systems that filter out subprime buyers and applied the lessons learned from the recent US property market crash.
Invest in Philippine Real Estate. It’s the best kept secret of the decade.