A Brighter Outlook for the Real Estate Market this 2022

Jan 31, 2022

According to Colliers, leading diversified professional services and investment management firm, the demand for residential property in Metro Manila will recover this year. It is projected that residential demand will increase in 2022 on the back of a rebound in office leasing, recovery in the economy, sustained remittances from Overseas Filipino Workers (OFWs), competitive mortgage rates, and a pick up in business and consumer sentiment. 

Based on its second-quarter report, the completion of residential projects in Metro Manila in 2021r is expected to support the rebound of the market until this year. In fact, the outlook for completed condominium projects is expected to grow by 200 percent from 3,370 condominium units delivered last year.

Moreover, between the years 2021 and 2025, Metro Manila is projected to deliver 7,500 new residential units per year with Makati Fringe, Manila-North, and Manila-South as the top fringe areas in terms of take-up from 2018 to the first semester of the year.

This positive outlook for Metro Manila’s residential market is also backed by the vaccination program.

If you’re thinking about buying a condo as an investment this year, it is important to learn about the emerging real estate trends so you can plan your purchase accordingly. We have listed some of them. 

BPO companies as top buyers

While the COVID-19 pandemic affected many businesses, the business process outsourcing (BPO) industry continues to expand. The BPO industry will remain to be the top buyer of real estate properties in 2022 and beyond. With more foreign companies turning to the Philippines for their offshoring and outsourcing business, the rental opportunities for condominiums and other properties are seen to go up in the next 18 months.

With these growing numbers, property developers are looking at higher purchase and lease rates in the real estate industry this year. 

More demand for co-working spaces 

With the nationwide vaccination drive, there is yet another rising trend of co-working arrangements, with companies looking to lease more spaces, complementing their headquarters with satellite offices near their employees’ homes. 

Co-working allows different groups of remote workers, freelancers, and other independent professionals to work together in a communal setting, offering them more convenience. A different take to the office arrangement we’ve been used to having. In fact, many are projecting that when the pandemic is over, most professionals may no longer want to go back to the crowded central business districts and just work remotely instead. With this, it is predicted that flexible workspaces will expand in the coming years. 

There will be more foreign investors

There are more and more foreign investments in the country at the start of the year. In fact, according to the Philippine Statistics Authority, the U.S. committed Php13.4 billion, while Taiwan and Japan pledged Php4.4 billion and Php4.3 billion, respectively. In addition, approved projects are expected to generate 24,239 jobs.

With the creation of more jobs, the demand for more workspaces is likely to increase significantly. Companies will need to lease buildings for their industrial and commercial needs. Thus, the boom in the real estate industry.

OFWs to invest in more real estate

We have been known as one of the largest recipients of foreign remittances in the world and each year, OFW remittances continue to rise, giving many Filipinos the capacity to purchase real estate properties. 

When you have an increased financial capacity, it becomes easier for you to own a condo or buy a house, which you can use or invest in and turn into a business opportunity. 

Developers are considering green spaces

One of the things that the pandemic taught us is the value of sustainability. We can see a lot of companies that are considering alternative options in reshaping the workplace. 

There are also property developers that consider the opportunity to have green spaces, wellness-certified structures, and ventilation systems in their projects. 

The majority of home seekers are millennials

According to surveys, the majority of potential property buyers are millennials aged 25 to 34. =

Known as digital natives, millennials often turn to their mobile devices for almost everything they do, from shopping to ordering food and other essential items, and now, house hunting. 

It’s easy for millennials to research properties and communicate with a real estate agent with just a tap on the phone.

Microcities are becoming a thing

The concept of micro cities has been developed due to the increasing number of millennial property buyers.

Microcities are “cities within cities” that are designed to meet the needs of millennial residents. Think Cebu IT Park, areas that are packed with state-of-the-art amenities and structured to suit the demands of today’s generations. 

Known to be jumping from one job to another, developers have created communities where these millennials can live, play, and settle down, all within the proximity of their workplace. 

The increasing demand for properties - office, commercial, and industrial spaces, coupled with the changes brought about by the pandemic, continues to transform the real estate industry into a more practical and sustainable sector.  

If you are thinking of moving into a new condominium, check out Vista Residences!  

Vista Residences is the condominium arm of the country’s largest homebuilder, Vista Land & Lifescapes, Inc. that offers ready for occupancy and pre-selling condominium projects in Manila, Makati, Mandaluyong, Quezon City, Ortigas, Baguio, Cebu, and CDO that are strategically located within major cities, in close proximity to premium universities, transit-oriented locations, and developed business districts.   

At Vista Residences, unit owners can take advantage of the property’s centrality. The properties of Vista Residences are strategically located near the country’s premium universities and CBDs, making them an attractive investment for both local and foreign investors. 

Vista Residences has ready for occupancy condo projects in Manila such as Vista Taft, Vista Heights, Vista GL Taft, 878 Espana, and Crown Tower University Belt. It also has pre-selling projects in the said area which include Vista Recto, Plumeria Heights, Tennyson Heights, Bradbury Heights, Sky Arts Manila, and Kizuna Heights. 

Meanwhile, its ready for occupancy projects in Quezon City including Wil Tower, the Symphony Towers, Pine Crest, and Vista 309 Katipunan. It also has pre-selling condo projects in the said city such as Hawthorne Heights and Vista Pointe. 

Living in Vista Residences enables you to enjoy convenience, where everything is pretty much within walking distance or a few minutes away from the property; comfort because the project features and amenities are designed to deliver comfort at all times, which makes condo living a worthy investment; security that is 24/7 and CCTV monitoring, which makes the residents safe and secure within the property. 

In line with Vista Residences’ thrust to offer convenience among its residents, it also features an AllDay Convenience Store and Coffee Project in all its projects. 

Vista Residences is part of Vista Land’s roster of vertical housing brands that cater to millennials and young professionals. The other vertical brands include Camella Manors, COHO, and Crown Asia. 

For more information on Vista Residences, email [email protected], follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.  

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