All Forum Posts by: Lope Encarnacion

you might want to look at the bigger brokers' market reports like Colliers or JLL. you could also compare rent prices through local sites like Lamudi, Property24, Dot Property, and the like. unfortunately, they're still coming up with an MLS of sorts so it's not as easy as more mature markets.

seems the lower priced condo units are more affected due to the unstable economy as most of these are bought on bank loans. the higher end property market seems more liquid, mostly cash transactions. more of a struggle for us landlords to find tenants these days in the CBD since most employees in our market have the option to work remotely. 

you might want to check current rents against property prices in the area you're looking in to get an idea of potential cash flow.

an agent would be necessary depending on how much work you want to put in as far as finding and transferring properties are concerned.

the political aspect is a constant, have factored that in as a random variable for my sanity. you might want to look into median age, gdp performance, job sectors, and other macro aspects as well to get a clearer picture.

same gripe here on the transparency issue. what works so far is to get an idea of how much rents are in an area and compute cap rates based on those.

@Jason Lam you might want to check out foreclosurephilippines.com and look for condo units there. you could also go to the city courthouses as well if you have the time. if you're already leasing out your units, you might want to have the tenants shoulder association dues to free up more cash flow for the amortization. 

@Jason Lam secondary market, usually bank foreclosures. if you're a foreigner, you might want to see if you can get better rates from foreign banks to purchase the PH properties in cash.

@Broderic Dytoc secondary market- 2nd hand properties like previous owners, bank/government foreclosures.

good yields so far, specially if you source deals from the secondary market. entry/exit costs are steep compared to other markets though so you might want to look into more cash flow plays. 

@Deryck C. home loan rates are relatively higher compared to US, down payment is the same at about 20%. some developers offer terms on the down payment as well. am a licensed realtor working for the real estate arm of a law firm, feel free to get in touch if you need anything.