How is real estate in the Philippines right now?
Posted on November 23rd, 2009 in Philippines | 2 Comments »
mykee asked:
I just want to know how USA economy has affected the real estate of country? Are lots still selling well especially in Bohol? In general are properties still selling or has the US economy affected the real estate status of the country?
Ottawa foreclosures homes for sale
I just want to know how USA economy has affected the real estate of country? Are lots still selling well especially in Bohol? In general are properties still selling or has the US economy affected the real estate status of the country?
Ottawa foreclosures homes for sale
2 Responses
Mar vista Real Estate
the philippines was hit hard by the asian financial crisis last 1997. more than ten years after, it has recovered a lot and is experiencing rapid growth in terms of real estate. but with the crisis in america, people are waiting it out for the moment and trying to be liquid as possible. who knows? the crisis might spillover across the pacific.
Maryland Real Estate
Real estate in The Philippines, especially for housing, has always been priced at a premium. Considering the cost of living otherwise, houses are very very overpriced. I think thats partly because of foreign money being used for that purpose. I also find the prices of used cars to be exorbitant. But, again, thats probably due to the foreign money thing. Oh well, it’s a free market so thats just the way is is. Supply and demand dictate the price. I’m thinking about building a subdivision. How about that?