By Theriz Lizel R. Silvano
The need for more breathing space amid a pandemic has driven the demand for house and lot properties in Metro Manila.
“Most property seekers in Metro Manila are looking for house-and-lot followed by condominiums,” said Shine Resurreccion, head of property at Carousell Philippines.
“This used to be the other way around before the pandemic. We saw the shift starting in the third quarter of last year.”
According to Resurreccion, the shift in preference “is clearly pronounced nowadays as people are looking for bigger spaces, and we could see it remaining for some time”.
Carousell Philippines data revealed most property seekers of house and lots prefer locations in Metro Manila, Central, and Southern Tagalog regions. Top searched locations for condominiums include Taguig, Pasig, Makati, Mandaluyong, and Quezon City.
Many property developers are expanding and building more subdivisions in the provinces as a response to the growing demand, according to the online classified.
During its online expo in July, Carousell Philippines brought together property buyers and sellers in one virtual space to help uplift the housing sector.
“Our current situation may have kept buyers from pursuing their goals of buying a new home, but with this event, they can get back on track and make their dream a reality,” said Raffy Montemayor, general manager of Carousell Philippines.
The event also featured deals and discounts as well as informative discussions on new practices and trends in property buying and selling during the pandemic.