Housing Shortage

and the Real Estate

Boom in the Philip
pines
Supply- Demand and the Philippine Economic Problems
 What is Real Estate?
In Real Estate, “Real” means physical. So, it
means physical estates and properties such as lan
d, housing, buildings, etc. Real Estate Business is
basically the business of property consisting of
building on a land, either it be an apartment, office, I
T-Park or Parking Area. The business of real estate
comprises of buying, selling, or renting land,
buildings or housing. 
Construction hit low levels in the Some real estate companies
Philippines. even had to close.

Some high profile construction This was the effect of decrease

projects were abandoned and demand for construction
demand for housing are at a projects.
low level.

Housing Shortage

During the 1990’s (Asian Financial Crisi

s)
 After the Crisis
Recovery of Asia

However, as soon as the High- rise condominium

Asian countries In Metro Manila, we still
buildings and
continue to see new
01 recovered from the
crisis, the construction
02 townhouses started to
bloom in the Metropolis
03 buildings rising.
sector also started to
recover.
 Business Process
Outsourcing

Business process outsourcing (BPO) is the contracting of

non-primary business activities and functions to a third-party
provider. BPO services include payroll, human resources (HR),
accounting and customer/call center relations. BPO is also
known as information technology enabled services (ITES).
The Boom of BPO’s
A reason to construct.

With the rising number of BPO’s in the metropolis, there is a

01 need to put up offices, which also means an increase in the
demand for commercial spaces.

And with more employees working in these offices, some

02 moving from the province to Metro Manila, there is also a rise in
the demand for residential spaces.
Pursuing the Dream
The increase in residential
demand may also be traceable to
the OFW Sector, with remittances
allowing their families back
home to buy more affordable
houses.

The residential market in the

country continues to grow
because of Filipinos who
pursue their dream of
owning houses.
 Advertising? Also a Reason?
Aggressiveness of Competition
Promotion of
housing sites, as
developers is so
aggressive, we walk
around the malls and
their agents come up
to us with beautiful
brochures informing
us of available
condominiums or
townhouses with
financing made easy,
and with light terms
for the buyer.