Continued government support will drive the real estate boom
Property experts forecast that the real estate industry’s biggest boom will happen next year thanks to the country’s economy opening up after the pandemic. A considerable part of this is expected to be supported by the government’s continuous support in driving infrastructure development to boost local and foreign investor interest.

The rise of global cities
The competitive economic advantage and attractiveness of the real estate industry in the Philippines will support the rise of more global cities that are outside of Metro Manila. According to 2024 Philippines Real Estate trends, developers are particularly eyeing massive expansion projects in Visayas and Mindanao, thanks to the high market appetite in these regions. Beyond Metro Manila lands, Cebu follows with a 15.4 percent share of real estate developments, and Davao is close behind at 13.5 percent. These numbers are only expected to grow more.

Residential properties will lead the game
RealEstateNews.ph reports that residential properties—condominiums and residential housing—will be highly in demand in 2024. Residential developments currently account for 38.1 percent of shares in the market. This figure is expected to grow more with people deciding to invest in them to ride the real estate boom.