Notable Q1 growth sets stage for increasing property projects
May 26, 2022
FOLLOWING the impressive 8.3 percent first-quarter growth that made the Philippines the fastest growing economy in the East Asian region, players in the real estate sector should continue lining up projects in anticipation of improving investor appetite.
“Colliers believes that this level of economic output sets the stage for accelerated gross domestic product growth beyond 2022,” said Colliers Philippines in its latest market report.
Colliers said a number of developers, investors and occupiers took a wait-and-see stance prior to the May 9 national elections, and the election of a new set of leaders, along with the continued implementation of pro-property reforms such as accelerated infrastructure construction should guide property firms with their expansion plans over the next three to six years.
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