Written by: Amy R. Remo

The Philippine real estate sector is seeing an encouraging upward trend amid rising demand, rising property prices and economic recovery.

OFW Real Estate

Exclusive preview of Avida projects in Abu Dhabi, UAE

OFW Real Estate

Avida has joined the Philippine Christmas Festival in Australia.

The residential segment remained resilient despite market volatility, as shown by the latest Residential Property Price Index (RREPI) from Bangko Sentral ng Pilipinas. According to the second quarter RREPI, national residential real estate prices rose 2.6% from the same period a year ago and 1.6% from the previous quarter. In the Capital region alone, residential real estate prices rose 6.3% in the second quarter, mainly due to higher prices for townhouses and condominium units.

Even Colliers Philippines officials, in a Thursday briefing, said they saw a “nascent recovery in sight” with middle-income and luxury residential projects likely to remain resilient for the rest of 2022.

Despite headwinds such as rising interest rates and high inflation rates, there are still a few factors that will support the recovery in the residential segment, including improving consumer and business confidence, flexible payments, economic recovery and projected 4% growth in remittances sent by Filipinos working abroad.

A good time

As such, now may be a good time to invest in real estate, as it can provide a safe haven for your hard-earned savings. Betting big on these assets can allow you to take advantage of many income opportunities, both short and long term, and especially once the Philippine economy fully rebounds from the pandemic.

After all, the resilience of real estate rests above all on the fact that it is a tangible asset that you can use for your own needs, hold, resell or rent, and whose values ​​will appreciate with the time.

Overseas Filipino Workers (OFWs) stand to gain from investing in real estate, with overseas jobs returning and their purchasing power improving thanks to a stronger dollar. As it stands, OFWs are already helping to drive demand for residential properties in all segments, from houses and land to condominium units.

Colliers Philippines even noted in its latest report that it expects the steady influx of OFW remittances, along with improving consumer and business sentiment, to support residential property prices. 3.7% this year.

Discernment is the key

But as with any business or investment, discernment is key. OFWs will only be able to maximize income opportunities in real estate if they entrust their hard-earned funds to a reliable and trustworthy developer like Avida Land.

OFW Real Estate

Avida vendors in Tumbalong Park, Sydney Australia

With over 30 years of expertise and experience building quality, sensible homes in planned communities, Avida Land presents an impressive range of investment choices for OFWs looking for properties they can give to their families, retire or sell in the future. .

Avida stand at Main Atrium, Al Ghurair Centre, Al Rigga Rd – Deira, Dubai from February 18 to 27, 2022

Today, Ayala Land’s mid-market residential arm has an extensive portfolio of over one hundred home and land and condominium projects in the Capital Region as well as other downtown areas, Pampanga to the south of Davao City. These communities are often part of much larger estates in Ayala Land, allowing residents to be close to essential establishments, offices, business and leisure centers and other points of interest.

market leader

It can only be expected that Avida Land will remain one of the market leaders in its segment. Its growth since its inception has been unstoppable, with the past three decades marked by many milestones and a series of firsts in its segment.

This push to break records continues even to this day with Avida Land aptly showing how its agility, resilience and flexibility allowed it to pivot quickly through the most challenging times – from the Asian Financial Crisis to the Global Financial Crisis. going through the ongoing COVID-19. pandemic.

As seen over the past two years, Avida Land has learned to move faster, adapting to today’s many changes. During the pandemic, for example, it was one of the first real estate companies to organize online conferences, set up virtual tours, organize digital trainings and deploy contactless connections between buyers and agents. , while ensuring that its employees, residents of existing developments, and other stakeholders are safe.

This is why Avida continues to thrive and contribute to the growth of Ayala Land. Thanks to its agile organization, it has been able to expand its footprint, develop better communities and transform more lives. And by constantly collaborating to deliver on its promise of safe, secure, and reasonable homes to the growing middle class, this trusted real estate brand has created more ways to connect with current and potential customers as well as its employees.

All of these efforts have established a solid foundation that positions Avida well to withstand future headwinds.

Indeed, Avida Land is proving to be a sound investment choice with its slate of sound and quality developments in strategic key centers, its pioneering efforts to deliver remarkable firsts to Filipino homebuyers, a solid and reputable base that reflects the excellence of its parent company Ayala Land, and a know-how expertly honed by more than three decades of experience.

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