REAL ESTATE DURING MECQ and GCQ

A lot of people have been asking the long-term impact of COVID-19 will be on the Philippine residential real estate market. In fact, some savvy cash-ready investors are on the lookout for discounted properties to swoop into. Many of the local experts like Leechiu and Colliers International have said that corrections of 15% can be expected for secondary market properties, while preselling properties will not cut prices but instead offer easier payment terms and lower monthly investments to cope up.

For properties in the Greater Metro Manila Area (except Cavite, which is in General Community Quarantine or GCQ), leasing is now allowed under the Modified Enhanced Community Quarantine or MECQ. Funerary real estate can also be bought and sold in the MECQ. In the meantime, all types of properties can now sold for areas under GCQ. This is a good development for us indeed, since our economy can now start its gradual recovery until we find a vaccing for the COVID-19 virus.

According to KMC Solutions, Philippine residential real estate still has strong potential to provide good returns even in a difficult economic environment. Especially when you look at the volatility that comes with other investment asset classes.

“Real estate investment is a good idea to diversify your investment portfolio. Equities are much more volatile and carry more risk in general, and real estate can help manage volatility and risk and make your investments more efficient,” Amanda Carpo, Co-Founder of KMC Solutions, explained. “More than ever, investors need to understand the effects of volatility. That is what we will be experiencing in the near future.”