Industry Insights

The persisting uncertainty amidst the pandemic has been causing changes across markets. As players within the property industry adjust to the changing market conditions, the obvious and prevailing factor that facilitates these changes has been the inevitability of using technology.

The Philippine real estate industry has been very bullish for the past decade and has been able to withstand temporary setbacks. This pandemic, however, has definitely caused a decline across all markets. Despite this, the Philippine real estate industry remains to be perceived as generally resilient compared to other types of asset. Sentiments towards the sector have been relatively optimistic despite the impact of the pandemic due to the observed adaptive measures that companies have been doing to adjust to market changes.