Increasing the property sector's prospects

Philstar Global

Apr 18, 2022

EXCERPT


The 10-point economic recovery policy agenda of EO 166, on the other hand, will help accelerate the country’s recovery by sustaining current economic gains, minimizing the COVID-19 pandemic’s long-term adverse effects, and restoring development trajectory.


Bisuña pointed out that real estate will be one of the sectors that will benefit directly from these policy updates, adding that foreign entrants, should they decide to invest in the Philippines, will need to set up a local operating center or headquarters, which in turn will lead to increased office demand in Metro Manila and other provincial locations.


More foreign investments means more jobs for Filipinos. Increased activity in the property sector has a huge multiplier effect, considering the many industries and businesses that depend on it or linked to it.


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