Hello everyone, I’m Mary Jane Bangga-St. John a licensed real estate broker located here in Pasig City, Ortigas Center; Metro-Manila Philippines.

 

Since 2003 the real estate market in the Philippines and in particular Manila, has grown exponentially, and continues to do so. Where many countries like the United States have experienced a collapse in the real estate market, the Philippines has seen steady growth.

 

Since early 2000 the peso has regained more strength, once at 56 to the US dollar, in 2003 and now at 34 to the US dollar in 2011 has helped steady and strengthen the Philippines economy, resulting in leaving people with more confidence in investing. As a result of the strengthened economy, more people are now willing to invest in Philippines real estate, as it is no longer an unknown quantity.

 

In 2010 more OFW (Overseas Filipino Workers) from the Philippines invested in Philippines real estate, buying condominiums in Manila as-well-as in Global City Fort Bonifacio, Makati, Eastwood, Rockwell and other well planned property areas in the Philippines.