Our October 2023 edition of the report provides the latest updates in the Philippine commercial real estate industry as well as insights on the local sectors.
- The investment market is turning to growth prospects as the global economy emerges from the health crisis, yet it continues to face real threats from the hyperinflation environment and escalating geopolitical tensions that may hamper the realization of foreign investments in the short to medium term.
- Economic stability will continue to fuel a gradual recovery of the office market segment amidst demand erosion due to slower than expected return to office, especially by large businesses which have sufficient digital technology to foster hybrid work.
- Mortgage rate volatility may persist amidst the lingering upside risks in overall prices that may prompt further monetary policy adjustments by the BSP.
The above is an excerpt of the October 2023 report. Read the full report.
