Sheila Lobien

COVID-19 Effects on Philippine Real Estate The COVID-19 Pandemic and its Effect on Philippines Real Estate Introduction The COVID-19 pandemic has made a big impact on industries around the world, including the real estate industry in the Philippines. This article will talk about how the pandemic has affected real estate in the country, including changes in property prices, demand for different types of properties, and how the industry is adapting to the new situation. Changes in Property Prices One noticeable change in the real estate market is that property prices have gone up and down. Because people were unsure about their finances during the pandemic, they started looking for lower prices or waiting to buy properties. Sellers also had to find a balance between making a profit and attracting buyers during this difficult time. At first, property prices went down, especially in big cities, because sellers wanted to convince more people to buy. But as things got better and the market adjusted, prices started to stabilize. The real estate market's ability to adapt quickly has helped prevent a long-term impact on property pri... Read more https://lnkd.in/d-535SHH #COVID19 #Effects #Estate #Ph...

COVID-19 Effects on Philippine Real Estate The COVID-19 Pandemic and its Effect on Philippines Real Estate Introduction The COVID-19 pandemic has made a big impact on industries around the world, including the real estate industry in the Philippines. This article will talk about how the pandemic has affected real estate in the country, including changes in property prices, demand for different types of properties, and how the industry is adapting to the new situation. Changes in Property Prices One noticeable change in the real estate market is that property prices have gone up and down. Because people were unsure about their finances during the pandemic, they started looking for lower prices or waiting to buy properties. Sellers also had to find a balance between making a profit and attracting buyers during this difficult time. At first, property prices went down, especially in big cities, because sellers wanted to convince more people to buy. But as things got better and the market adjusted, prices started to stabilize. The... Read more https://lnkd.in/gk-v-3FB #COVID19 #Effects #Estate #Philippine #Real

JUST PUBLISHED:  Change as an agent of growth and an agent of disruption. The article attempts to show the possible causes of the failure of the Philippines to maintain the same pace of growth experienced by its ASEAN neighbors.

Investing in Condominium Real Estate in the Philippines: Tips for Success The Philippines has seen a remarkable surge in the demand for real estate in recent years, particularly in the condominium segment. With its vibrant economy and increasing urbanization, investing in condominium real estate in the Philippines has become an attractive opportunity for both local and international investors. However, successfully navigating this market requires a strategic approach. In this guide, we will explore essential tips and insights to ensure your investment journey is both rewarding and sustainable. Understanding the Market A thorough understanding of the local real estate market is crucial for any investor. The Philippines' condominium market is la... Read more https://lnkd.in/g-ixHZp6 #Condominium #Estate #Investing #Philippines #Real #Success #Tips

The Advantages of Tenant Screening in PH Properties Renting out properties in the Philippines can be a lucrative business, but it is important to ensure that you have good tenants who will take care of your property and pay rent on time. One way to do this is through proper tenant screening. Tenant screening is the process of evaluating potential tenants to determine their suitability as renters. This process can help you avoid problems like late payments, property damage, and evictions. Why Proper Tenant Screening is Important Proper tenant screening is important for several reasons. First and foremost, it helps protect your investment. By carefully vetting potential tenants, you can avoid renting to individuals who may cause damage to your property or fail to pay rent on time. This can save you time, money, and stress in the long run. In addition, tenant screening can help you find reliable tenants who will take good care of your property. By checking tenants' rental history, credit score, and employment status, you can get a sense of their financial stability and responsibility. This can give you peace of mind knowing that your... Read more https://lnkd.in/gDfPPnkC \#Advantages \...

Lease Agreement in PH Real Estate: Complete Guide Leasing a property is a common practice in the Philippines, especially for those who are not yet ready to invest in a home or a commercial space. A lease agreement is a legally binding contract between a landlord and a tenant that outlines the terms and conditions of renting a property. Understanding the lease agreement is crucial to ensure a smooth and fair transaction for both parties involved. Before entering into a lease agreement, it is important to understand the key components of the contract. These components include the duration of the lease, the monthly rent amount, the security deposit, the terms of renewal, and the responsibilities of both the landlord and the tenant. The duration of the lease is one of the most important aspects of the agreement. This specifies the length of time that the tenant is allowed to occupy the property. In the Philippines, lease agreements usually run for a minimum of 12 months, although shorter lease terms may be negotiated depending on the landlord's preferences. The monthly rent amount is another critical component of the lease agreemen... Read more https://lnkd.in/gxQ8WmNa #Agreement #Comple...

Custom Home Real Estate Investment: Buyer's Guide PH Are you considering investing in custom home real estate in the Philippines? Investing in real estate can be a lucrative venture, especially when it comes to custom-built homes. Custom homes offer the opportunity to tailor every aspect of your living space to meet your unique needs and preferences. What is Custom Home Real Estate? Custom home real estate refers to homes that are built according to the specific preferences of the homeowner. Unlike spec homes, which are built with a generic design and layout, custom homes allow homeowners to personalize every detail of their living space, from the floor plan to the finishes. Why Invest in Custom Home Real Estate? There are several reasons why investing in custom home real estate can be a smart choice: Personalization: You can design your home to suit your lifestyle and preferences, creating a space that truly reflects your personality. Quality: Custom homes are typically built with high-quality materials and craftsmanship, ensuring a durable and long-lasting living space. Value: Custom homes are of... Read more https://lnkd.in/gUXyiS3N #Buyers #Cust...

#FINEXPhils Albert Gamboa writes for Manila Bulletin, Resurgence of the Philippine property sector Earnings of major Philippine real estate companies have grown significantly over the past three years after recovering from the industry slump caused by the Covid-19 pandemic in 2020-2021. According to Sydney-based firm Sanlam Private Wealth Pty. Ltd., the combined net profits of property firms listed in the Philippine Stock Exchange (PSE) grew 18 percent annually in 2022-2024, while their sales revenues rose 19 percent per year during the same period. Read the full article here: https://lnkd.in/gB-Ra4ij (Photo from Pinterest)

The Future of Real Estate in Philippines: Trends & Forecast The Future of Philippine Real Estate: Trends and Forecast As the Philippine real estate market continues to change, it's important to know about the latest trends and forecasts. With more people moving to cities, new technology, and different types of people, the future of Philippine real estate has a lot of good opportunities and some challenges. In this article, we will look at the trends and forecasts for the Philippine real estate market in the next few years. Urbanization and Development One of the most important trends in Philippine real estate is growing cities and making new buildings. More people are moving to big cities like Metro Manila, Cebu, and Davao, so there's a big need for places to live and work in these areas. There will be more high buildings, places where people can live and work, and communities that use less energy in these cities. Technology and Innovation Another big trend in Philippine real estate is using new technology to make and sell buildings. People are using things like smart homes, better building materials, and computer programs to make buildi... Read more https://lnkd.in/gha5d3kM \...

Understanding Lease Agreements in PH Real Estate Leasing a property in the Philippines can be a complex process that requires thorough knowledge of the legalities involved. Whether you are a landlord or a tenant, it is important to understand the terms and conditions of a lease agreement to protect your rights and interests. In this article, we will discuss the key legal aspects of lease agreements in the Philippine real estate market. Lease Agreement Basics A lease agreement is a legally binding contract between a landlord and a tenant that outlines the terms and conditions of renting a property. In the Philippines, a lease agreement can be oral or written, but it is advisable to have a written contract to avoid any disputes in the future. The lease agreement should include the following key information: Names and contact information of the landlord and tenant Property description, including the address and specifications Lease term, rent amount, and payment schedule Security deposit and other fees Rights and responsibilities of both parties Terms for termination and renewal of the lease Legalities of Lease ... Read more https://lnkd.in/gk7HQDpG #Agreements #Estat...

Benefits of Rent Collection Services for Filipino Real Estate Owners In the Philippines, real estate is a booming industry with many property owners looking to rent out their properties to generate income. However, managing rental properties can be a challenging task, especially when it comes to collecting rent from tenants. This is where professional rent collection services come in to help real estate owners streamline this process and ensure timely payments. Why Professional Rent Collection Services Are Important When it comes to managing rental properties, collecting rent is one of the most crucial aspects of the process. However, many real estate owners struggle with collecting payments from tenants on time. This can lead to financial instability and hinder the growth of their real estate business. Professional rent collection services offer a solution to this problem by providing a systematic approach to collecting payments from tenants. These services are especially beneficial for real estate owners who have multiple properties or a large number of tenants to manage. Some of the key benefits of using professional rent collection service... Read more https://lnkd.in/gPn_eM3Z...

Economic Update – June 2024 ( www.robertgsarmiento.com ) As of mid-2024, the Philippine economy is experiencing moderate growth, with various sectors contributing to its expansion. The economy rebounded with a 1.7% growth rate in the first quarter of 2024, primarily driven by consumer spending and manufacturing​ (McKinsey & Company)​. Interest Rate = 6.5% U.S. Dollar to Philippine Peso = Php 58.87 to $ 1 Export Demand = + 5.8% ( IMF ) Tourist Arrival = + 18.3% ( IMF ) Inflation = 3.6% ( IMF ) GDP Growth = 5.9% ( IMF ) Recent Trends: In the first quarter of 2024, FDI inflows rose significantly by 42.1%, reaching $3.0 billion compared to $2.1 billion in the same period last year. This increase reflects growing investor confidence in the Philippines due to its strong growth prospects and moderating inflation​ (Manila Standard)​. Industries Receiving Investments: Manufacturing: A key sector attracting FDI, contributing approximately 19% of the GDP. Investments in this sector are driven by the country's role in regional trade and the trend of nearshoring, particularly in semiconductor manufacturing, which is a major export for the Philippines​ (McKinsey & Company)​. Financial and Insurance: This sector also sees substantial foreign investments, leveraging the growing need for financial services and insurance in the expanding economy. Real Estate: With ongoing urban development and infrastructure projects, real estate remains a significant recipient of foreign capital​ (Manila Standard)​. Sources of FDI: The primary sources of FDI into the Philippines include Japan, Singapore, and the United States. These countries have been consistent investors, particularly in manufacturing, financial services, and real estate sectors​ (Manila Standard)​. Poor infrastructure ( although this is work in progress, much has improved but as always sentiment takes awhile to sink in ), high power costs, slow broadband connections / intermittent, regulatory inconsistencies, cumbersome bureaucracy, and corruption remain disincentives to investment. Policy Environment: Recent amendments to the Foreign Investments Act have made it easier for foreign investors to enter the Philippine market. These changes include reduced capital requirements for foreign-owned small and medium-sized enterprises and incentives for startups and innovative companies. Such policy reforms aim to create a more welcoming environment for foreign investors, fostering long-term investments and job creation​ (Conventus Law)​. Economic Outlook The outlook for the Philippine economy remains positive, although it faces challenges such as inflation and supply chain issues. Continued efforts in policy reform, infrastructure development, and investment promotion are expected to support sustained economic growth and attract further foreign investments in the coming years. www.robertgsarmiento.com PRC REBL # 6569

Trends & Growth of Philippine Condominium Market Philippine Condominium Market: Trends and Growth Potential Introduction Condominiums are becoming more popular in the Philippines. Many people want to live in high-rise buildings because there is limited land available in cities. In this article, we will talk about the trends and growth of the Philippine condominium market. We will also discuss the reasons why people like condominiums and why the market keeps growing. Trends in the Philippine Condominium Market 1. Urbanization and Limited Land Supply The Philippines is becoming more crowded, and there is not enough space to build traditional houses. That's why condominiums are a good option. They can be built upwards, using less land. This is why you can see many condominium buildings in cities like Manila, Makati, and Cebu. 2. Lifestyle and Amenities Filipinos have different lifestyles now, and they want more convenient and fun places to live. Condominiums offer many amenities like swimming pools, gyms, playgrounds, and shops. They ... Read more https://lnkd.in/gW7ayVZ2 #Condominium #Growth #Market #Philippine #Trends