Sunday, July 21, 2024

Email id: support@kenresearch.com, Contact Us : +91-9871552944

Home Media And Entertainment Advertising 3 Tailwinds That Will Make Philippines Property Classified Market to Generate Over...

3 Tailwinds That Will Make Philippines Property Classified Market to Generate Over USD 80 Mn by 2026. Will the Philippines Be Able to Achieve That Mark?

The Philippines property market is forecasted to grow at an annual average of 31.4% by 2026, as per the findings by Ken Research

1. Of the Total 109.5 Mn Population in the Philippines, more than 80 Mn are Internet Users, the Second Largest in Southeast Asia.

Philippines Property Classified Market

Interested to Know More about this Report, Request a Sample Report

Philippines has 82.3 Mn Smartphone users in 2021; increasing smartphone users acts as a driver for this market. With increasing smartphone penetration and rise in residential segment the market offers ample opportunities for Property Classified investors in Philippines.

2. The number of Residential and Non-Residential constructions in the first quarter of 2021 recorded over 33,500, indicating an annual expansion of ~1.5%.

Philippines Real Estate Classified Industry

Visit this Link :- Request custom report

Q1 2021 seen an increase in Total number of constructions around (33,500) compared to 33,000 constructions with an annual drop of -23%, Q1 2020. By type of construction, residential reported the highest number of constructions during the Q1 2021 at nearly 70% of the total number of constructions. Non-residential constructions, which accounted for almost 15% of the total constructions during Q1 2021, ranked second.

3. The residential segment will be boosted by the government’s backing to bridge the 5.7 Mn housing backlog in the country through the construction of affordable housing.

The 5.7-million housing backlog nationwide remains to be the top challenge in the real estate sector, citing that the 40 percent unused land regulation triggered hesitation on the part of investors to engage in housing. The housing backlog nationwide rose to 5.7 million in the country.

Follow Us

Facebook | Twitter | LinkedIn | Instagram

RELATED ARTICLES

Exploring the Global Landscape of Medical Tourism: A Comprehensive Overview

In recent years, the phenomenon of Medical Tourism has emerged as a significant trend reshaping the healthcare industry worldwide. This burgeoning sector has become...

A Comprehensive Exploration of the Films and Animation Industry Landscape

Films and Animation Market Overview: The Films and Animation market stands at the crossroads of creativity and technology, providing a diverse range of content to...

Can the US Online Sports Betting Market reach a CAGR of 12% by 2028? : Ken Research

Buy Now With multiple sports betting organizations competing and flowing up with fund raisers and trustworthy partnership and with the leading betting sports being ‘The...

Most Popular

Navigating the Dynamic Landscape of the Smartphone Industry

The Smartphone industry stands at the forefront of technological innovation, shaping the way individuals communicate, work, and interact with the digital world. From cutting-edge...

US Food Allergen Testing Industry: Trends, Challenges, and Opportunities

The US Food Allergen Testing industry is a critical sector safeguarding public health by ensuring food safety and catering to the growing population with...

The Dynamics of the Coal Mining Market: Growth Drivers and Challenges

Introduction Coal mining serves as a cornerstone in fueling industries, generating electricity, and fostering economic growth worldwide. This article delves into various facets of the...

A Market Research Report on the Cosmeceuticals Industry in India

The Indian beauty landscape is witnessing a fascinating shift. Consumers are no longer just seeking products that enhance appearance; they are actively seeking solutions...