Press release
Philippines Real Estate Market to Reach USD 131.41 Billion by 2033
The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. The Philippines real estate market size reached USD 90.51 billion in 2024 and is projected to grow to USD 131.41 billion by 2033, exhibiting a growth rate (CAGR) of 4.34% during 2025-2033.
Report Attributes and Key Statistics:
• Base Year: 2024
• Forecast Years: 2025-2033
• Historical Years: 2019-2024
• Market Size in 2024: USD 90.51 Billion
• Market Forecast in 2033: USD 131.41 Billion
• Market Growth Rate (2025-2033): 4.34%
Philippines Real Estate Market Overview:
The Philippines real estate market is experiencing strong improvement, driven by urbanization, system progression, and rising inaccessible theories fueling ask over distinctive areas, tallying private, commercial, and mechanical properties. Cities like Metro Manila, Cebu, and Davao are observing animating ask for private and commercial properties, driving to the progression of vertical communities and mixed-use enhancements that facilitated private, retail, office, and recreational spaces.
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Philippines Real Estate Market Trends:
The real estate market in the Philippines is encountering a basic alter, driven by quick urbanization and the advancement of the middle-class masses. In 2024, 56.43 million individuals inside the Philippines, bookkeeping for 48.7% of the full people, stay in urban ranges. Creators are responding with innovative lodging courses of action that join vertical changes and gated communities to cater to the needs of urban occupants. Moreover, the joining of specialists into urban ranges is driving the ask for co-living spaces and rental properties, development impelling mixed-use progressions that reflect the require for consolation in urban living.
Key drivers of the Philippines real estate market consolidate the intense system headway underneath the government's "Build, Develop, Build" program, which is changing the honest to goodness space grandstand by making as of now juvenile locales more accessible. Wanders in transportation frameworks, tallying railroads, thruways, and discuss terminals, are making strides arrange between major cities and country zones, engaging honest to goodness inheritance originators to examine cutting edge openings. These establishment headways are raising property values and drawing in multinational endeavors trying to find prime office spaces in well-connected center focuses.
Philippines Real Estate Key Growth Drivers:
• Urbanization: The increasing urban population is driving demand for residential and commercial properties in cities like Metro Manila, Cebu, and Davao.
• Infrastructure Development: The government's "Build, Build, Build" program is enhancing connectivity and accessibility, making peripheral regions more attractive for real estate development.
• Foreign Investments: Rising foreign investments are fueling demand across various real estate segments, including residential, commercial, and industrial properties.
• Middle-Class Expansion: The growing middle-class population is leading to increased demand for affordable and mid-range housing projects.
• Mixed-Use Developments: The trend towards mixed-use developments that integrate residential, retail, office, and recreational spaces is gaining popularity, reflecting the need for convenience in urban living.
Browse Full Report with TOC & List of Figures: https://www.imarcgroup.com/philippines-real-estate-market
Philippines Real Estate Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on property, business, and mode.
Property Insights:
• Residential
• Commercial
• Industrial
• Land
Business Insights:
• Sales
• Rental
Mode Insights:
• Online
• Offline
Regional Insights:
• Luzon
• Visayas
• Mindanao
Competitive Landscape:
The Philippines real estate market is characterized by the presence of both established developers and emerging players. Key companies operating in the market include:
• Ayala Land Inc. (Ayala Corporation)
• SM Prime Holdings, Inc.
• Megaworld Corporation
• Robinsons Land Corporation
• Filinvest Land, Inc.
• Vista Land & Lifescapes, Inc.
• DoubleDragon Properties Corp.
• DMCI Homes
• Rockwell Land Corporation
• Century Properties Group, Inc.
These companies are focusing on expanding their portfolios, enhancing service offerings, and forming strategic partnerships to strengthen their market position.
Philippines Real Estate Market News:
• February 2025: Colliers Philippines reported that Metro Manila land prices are expected to drop by 2-5% amid a growing glut in residential condominiums and elevated office vacancy rates. The oversupply of units and weak demand are contributing to this decline.
• January 2025: Industry experts discussed the possibility of the Philippine real estate market entering a recession phase, citing rising vacancy rates, increasing inventory, and weakening demand as indicators of a potential downturn.
Note: If you require specific information not currently within the scope of the report, we can provide it as part of the customization.
Ask an analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=28690&flag=C
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel. No.: (D) +91 120 433 0800
Americas: +1 631 791 1145 | Asia: +91 120 433 0800 | UK: +44 753 714 6104
About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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