Demand for real estate in the Philippines peaked during the third quarter of last year which is in line with the traditional property cycle. Interest steadily grows during the first six months as developers bring new projects to the market and agents add to their portfolios.
Fewer launches take place in the second half which causes supply to shrink over the final three months. That, coupled with outside factors, sees demand slow down during the holiday season.
Overall, the Philippine real estate market looks to be in recovery mode with demand surging in Metro Manila and Metro Cebu while remaining steady elsewhere across the country. Unsurprisingly, the most popular location remains the National Capital Region, followed by Calabarzon and Central Visayas.
Most Popular Locations For Property in 2022
- National Capital Region
- Central Visayas
- Central Luzon
In the Philippines, condominiums units make up 53 percent of all residential demand in the country. Unsurprisingly, this is dominated by Metro Manila which accounts for more than 80 percent of total condo interest in the country.
The Dot Property Group Philippine Real Estate Year in Review takes a look back at what happened in 2022 using data collected from our network of leading websites. We gathered information as it related to the sales market to gain a better understanding of demand for property throughout the country.
When we say demand, we are referring to inquiries made by a person through one of our sites. In our view, this captures a tangible act of interest which can be used to represent a form of demand.
These insights provide a glimpse into both where the situation has been and where it could be heading this year.