Philippine Real Estate Business is Booming: Here are 7 Reasons Why

What is Real Estate Investment?

Real estate investment refers to the ownership of properties such as land, houses, buildings, and other things above and below ground to generate income instead of purchasing solely for residence or occupancy.

Given the Philippines' robust nature, real estate investing in the Philippines is a solid option. However, real estate, like any other investment, has risks.

Reasons Why Real Estate Business is Booming in the Philippines

Here are just a few

1. The Population is Growing Rapidly

 The Philippines’ total population was 111.8 million in January 2022. It is continuously multiplying, and there is a corresponding need for more housing. Manila is becoming an increasingly important global city, and businesses are moving in to take advantage of its opportunities.

2. The Philippines has a Young Population

The Philippines today has the largest generation of young people in its history. Thirty million young people between the ages of 10-24 account for 28 percent of the Philippine population. The median age of the population in the Philippines is 26.3. This means that there is a lot of demand for housing, both from young families and businesses looking to set up shop in the country.

3. The Philippines is a Popular Tourist Destination

The Philippines has an abundance of beautiful beaches and hospitable people. More and more people are moving into the country and need places to live. The real estate business can meet this demand by building new homes and apartments available for rent.

4. The Philippines is an Excellent Business Location

The Philippines is the natural choice when choosing a place to do business. There are many opportunities here, and the government supports the real estate industry. The Philippines has improved and primed various areas for investors. It has a dynamic and growing consumer market accustomed to a diverse range of product options provided by a competitive domestic economy.

This helps create a stable environment where businesses can thrive and access commercial usage. Together, these factors make the Philippines a great place for the real estate business.

5. The Philippine Government is Encouraging Foreign Investment in the Real Estate Market

 They have made it very easy for foreigners to invest in property and have created incentives such as tax breaks and reduced licensing fees to make it more attractive. This has led to an increase in investment in the real estate market.

6. The Philippines is a very Beautiful Country

Its natural resources are a big draw for both tourists and businesses. The combination of stunning beaches, lush forests, and vibrant cities makes it an ideal place to invest in property.

7. The Philippine Economy is Growing Rapidly