More overseas Filipino workers (OFWs) are becoming interested in becoming homeowners, according to Dot Property Philippines, an online real estate information portal.
In a press conference on August 8, the company disclosed that Filipinos working abroad and younger people are considering to buy residences. In June alone, 30 percent of the website visitors are OFWs while 60 percent are aged 25-36.
Tanya Peralta-Yu, the company’s country executive said that OFWs considering investment in their hometowns are aggressive in real estate investment, reported The Daily Manila Shimbun.
Apart from the OFWs’ provinces, the data collected revealed that the top locations remain in Makati and Taguig City.
The company predicts that the real estate market will continue to boom with a six-percent growth per annum in the coming years.
In an article, Dot Property recommended condominiums and commercial spaces as wise investments for OFWs. Condominiums can be passive income to be rented out or also serve as home to their families in the Philippines. While commercial spaces can be the perfect spot for OFWs wanting to start-up a business.
