Wazzup Pilipinas!
More than 60 percent of renters in a recent survey of online house-hunters cite cost constraints as the primary reason why they leased their home. The top of mind reason for Filipinos who choose not to buy property is "affordability."
Here are the key takeaways from the research:
- Affordability emerged as the key reason why many Filipinos choose not to buy their own home
- Nearly three-quarters of buyers cited security as their primary motivation for purchasing a home
- Two-thirds of the real estate agent surveyed are expecting growth of 8% or higher in the property market this year. The country’s real estate market has emerged as one of the most promising in the Asia Pacific region
Based on a series of online surveys conducted with house-hunters and real estate agents in each country, as well as onsite data from Lamudi’s global network of websites, the research examines the habits of online property-seekers, while offering insights into the future of the property sector based on interviews and surveys with local property experts.