According to industry experts, the real estate market in the country is expected to experience a significant boom next year. In this article, we will give a quick rundown of the 2024 Philippines real estate trends that you should watch out for if you’re considering putting your money into this investment.
A rundown of the 2024 Philippines real estate trends
Read along as we unveil the different changes and boom in the real estate landscape of the Philippines.
Continued government support will drive the real estate boom
Property experts forecast that the real estate industry’s biggest boom will happen next year thanks to the country’s economy opening up after the pandemic. A considerable part of this is expected to be supported by the government’s continuous support in driving infrastructure development to boost local and foreign investor interest.The rise of global cities
The competitive economic advantage and attractiveness of the real estate industry in the Philippines will support the rise of more global cities that are outside of Metro Manila. According to 2024 Philippines Real Estate trends, developers are particularly eyeing massive expansion projects in Visayas and Mindanao, thanks to the high market appetite in these regions. Beyond Metro Manila lands, Cebu follows with a 15.4 percent share of real estate developments, and Davao is close behind at 13.5 percent. These numbers are only expected to grow more.Residential properties will lead the game
RealEstateNews.ph reports that residential properties—condominiums and residential housing—will be highly in demand in 2024. Residential developments currently account for 38.1 percent of shares in the market. This figure is expected to grow more with people deciding to invest in them to ride the real estate boom.Gear up for a change in landscape
These top 2024 Philippines real estate trends show that the property industry is slated to become one of the most lucrative next year and in the coming years. If you’re considering investing in real estate , exploring properties in Visayas and Mindanao is a good idea because of the region's high growth potential.
Need help finding where to scout for the best properties? Our projects here at Johndorf Ventures are ones you should consider. Since the 1980s, we have consistently delivered quality housing ranging from residential projects to townships. We especially have a solid presence in key cities in Visayas and Mindanao where we continue to build livable communities for everyone.
Are you interested to know more about us? You can browse our properties or reserve one using this link here.
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