EXCERPT

While investor confidence in Philippine real estate has been sustained over the last two years despite this lingering pandemic, the continued recovery of the economy points to an expected and much awaited rebound for the industry. Coupled with the high vaccination rates and increased remittances from Filipinos working overseas, the real estate industry is seen to finally gain ground this year.

“Philippine commercial real estate sector (is) poised for recovery in 2022,” property consultancy firm Santos Knight Frank recently claimed in a statement.

Demand picking up

Santos Knight Frank explained that the country’s commercial real estate market will see an uptick in activity as the economy re-opens, with resilient sectors such as industrial and logistics expected to continue thriving, while other segments are seen to pick up in demand this year.

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