Philippine Real Estate News And Current Updates
Strong Investor Confidence In Resilient Property Sector
“Previous crises have shown that prices recover immediately once market sentiment and business activities start to improve. During the Asian financial crisis, prices of condominium dropped between 9 percent and 14 percent from 1998 to 1999, followed by a recovery in 2000 when prices grew by 24 percent. The same trend was observed during the global financial crisis when prices dropped by 1.5 percent in 2009 and immediately recovered in 2010 with a 2.1 percent increase in average prices,” Colliers International Philippines had said.
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