Over the last decade, the real estate industry grew by a thousand fold in terms of revenue. The property market continues to be on the rise due to the Philippines’ robust economic growth. Home owners and investors alike seemed to be drawn to this investment magnet which only grows year after year and it has not shown any signs of slowing down. More competitive properties are coming out in the market with the demand for real estate properties increasing, rental yields falling and vacancies rising.
We all know that Tourism plays a very important role in the growth of the Philippine economy since the beginning because, let’s face it, its innate in the culture of Filipinos to be good hosts. We all know that tourism helps local businesses which in turn helps our economy but how about investments particualry in Real Estate? How does tourism impact the growth of Real Estate in the Philipines?
Last 20th of September 2018,The Real Estate Brokers Association of the Philippines (REBAP) held its 3rd General Membership Meeting with the theme “Impact of Tourism in the Growth of Philippine Real Estate Industry”. This was held at Tejeros Hall AFP Commissioned Officers Club in Camp Aguinaldo, Quezon City.
The meeting was sponsored by REBAP Ortigas and REBAP Rizal Chapters with hundreds of brokers, members, organizers, sponsors and guests in attendance. They tackled questions that surrounds the Real Estate Bubble Myth and the impact of Tourism in the Philippine Real estate industry.
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SOC Land, believing real estate development does not only fulfill the requirements for housing shortage, but most importantly boosts the Philippine economy, co-sponsored this event with other major corporations and real estate developers.
It was indeed a meaningful event celebrating another year of success for the Real estate industry . Our warmest thanks to REBAP Ortigas and Rizal for inviting us to co-sponsor this event and we hope to see you all again.
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