{"id":50232,"date":"2022-04-06T09:00:29","date_gmt":"2022-04-06T01:00:29","guid":{"rendered":"https:\/\/news.outsourceaccelerator.com\/?p=50232"},"modified":"2022-04-05T15:01:47","modified_gmt":"2022-04-05T07:01:47","slug":"land-value-to-increase-by-5-as-property-market-recovers-colliers","status":"publish","type":"post","link":"https:\/\/news.outsourceaccelerator.com\/land-value-to-increase-by-5-as-property-market-recovers-colliers\/","title":{"rendered":"Land value to increase by 5% as property market recovers \u2014 Colliers"},"content":{"rendered":"
Real estate consultant Colliers is expecting land values in the Philippines to increase by 5.1% this year as the property market recovers.<\/span><\/p>\n Colliers said land values corrected between 1.7 and 9.8% in 2020 as developers refrained from acquiring new land given the disruptions in the property market.<\/span><\/p>\n Colliers Head of Valuation Services Paul Vincent Ramirez said that they are starting to \u201csee a spike in interest for developable land and this bodes well for the property market.\u201d<\/span><\/p>\n \u201cAcquiring parcels of land within and outside Metro Manila will be crucial in developers\u2019 plans to line up new projects beyond 2022 as they capture demand in the market post-pandemic,\u201d he stated<\/span><\/p>\n Ramirez added that the \u201cscarcity of developable lands in major business districts\u201d could also push land values for the following months.<\/span><\/p>\n Meanwhile Colliers Head of Research Joey Roi Bondoc said that the\u00a0 implementation of infrastructure projects within and outside Metro Manila.could boost economic growth beyond this year.<\/span><\/p>\n \u201cWe expect developers to be more aggressive and strategic with their land-banking initiatives especially as they plan to take advantage of the government-projected economic recovery,\u201d he added.<\/span><\/p>\n