Wazzup Pilipinas!
The Philippine economy continues to grow, and its property market continues to rise. The Philippine real estate industry is benefiting from low interest rates and booming demand. Rising OFW remittances and a successful BPO industry continue to help maintain demand and with their current growth are expected to be drivers of consumer appetite. With more investments coming in through the ASEAN integration in the coming year, more foreigners are also relocating to the country and is also a growing source of demand for commercial and residential properties.
Rising investment, plus low interest rates have increased condominium prices by 36.4% (18.9% inflation-adjusted) between Q3 2010 to Q1 2014. Property prices have risen as much as 113.3% (34.1% in real terms) from 2004 to 2014. Philippine property experienced the fifth highest price rise in the world during the year to Q1 2014, according to the Global Property Guide’s Q1 2014 report.
Mediacom Solutions, Inc. a leading media marketing, business community building company and a professional exhibition and convention organizer saw the need to put together all in one roof property professionals and consumers to the Property Expo Philippines 2014 (PEP) - “Your Property World”, Philippines’ specialized property consumer trade show featuring residential and commercial property developments in the country from Luzon, Visayas and Mindanao, as well as innovative and reliable real estate product and service providers, to be held on December 05-07, 2014, at SMX Convention Center, Mall of Asia Complex, Pasay City, Metro Manila.