Looking at trends 2017, a research conducted by global professional services firm PWC and Urban Land Institute (ULI) has recently ranked Manila third, in terms of city investment prospects, and fourth in city development prospects.
In this Asia Pacific survey, Manila is considered to be an emerging market destination: “vacancies remain low, office capital values and rents continue to show good growth, and logistics industry is seeing accelerating demand based on increased consumer sales.” This survey indicates that the “Philippines has attracted positive comment with a vibrant economy led by a booming BPO market and strong remittances from overseas workers.”
This data shows the City Investment and Development Prospects in Asia Pacific this 2017. Image from the pwc/ULI Emerging Trends in Real Estate Asia Pacific 2017 survey.
Following the release of the top 2017 predictions of leading global real estate services providers Colliers International Philippines, the group expects gross domestic product (GDP) growth of between 6 and 6.5 percent annually over the next three years.
Other groups also predict the Philippine’s 2017 GDP growth: “the World Bank, 6.9 percent; Barclays and Citi, 6.8 percent; IMF, 6.7 percent; Moody’s, 6.5 percent, HSBC and S&P, 6.3 percent and ADB, 6.2 percent.”