Philippine property investment in 2022 comes with both potential and risk. The long-term prospects of the country’s real estate market remain strong with positive economic signs already being seen. For example, OFW remittances increased during most of last year. Many experts believe a full recovery is likely to happen once the COVID-19 pandemic passes.
Of course, when exactly that happens remains uncertain. The emergence of the Omicron variant derailed plans to reopen the country to tourists and could dampen prospects in the first quarter of the year. Prior to the most recent outbreak, economists at the Japan Center for Economic Research and Nikkei had set the Philippines 2022 GDP growth forecast at 7.1 percent.
Another thing to keep an eye on is the presidential election set for April. This will have an impact on both the economy and real estate market moving forward. With that in mind, here are four things to know about Philippine property investment in 2022.
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