Duration 17:37

The Truth About The Price of Philippine Real Estate | Market Update June 2021

by Richard Carvajal - The Real Pro

14 452 watched

371

Published 18 Jun 2021

Here is the turth about the price of philippine real estate prices. I've been receiving a lot of messages on my social media asking me whether if they should sell or keep their property or not, and some are simply asking for help to sell their units. Although it's true that the pandemic has caused a major shift not only in the real estate industry, but also to the entire economy as a whole. But the question is, just how much though? Has it gone better now compared to 2020? Should you invest now during these times? Join me as I discuss the prices of the philippine real etsate specifically in Metro Manila, and to give you real insights and ideas on what your next move should be. And should you sell yours? Disclaimer: The data that will be discussed is not mine, it's from Jones Lang La Salle a global commercial real estate company. JLL mainly assists institutions, corporations, and wealthy investors in buying, selling, and managing real estate assets. If you find this vlog helpful or useful please don't forget to give it a thumbs up or comment down below on what you want me to discuss in my future videos. Thank you! Let's connect: https://www.facebook.com/RealProExpert/ https://www.instagram.com/rcarvajal/ https://realproexpert.com/

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Comments - 114

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@BuildeeeTV3 years ago Very good analysis, informative! PH is with young population, in mid-longer term - its very bright future to real estate market!
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@jamescorrea73213 years ago Thanks for the shout out sir Richard! Always excited to watch your videos every week.
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@alexbonilla11433 years ago Very informative. Thanks to you and to JLL. So basically prices were speculative all along and we are experiencing corrections now. Also i think QC in terms of per capita no. of condos is still low compared to others, right? Lastly should we classify (low, mid, etc) the price now in the correcting price or in pre pandemic? Tnx!! ... 3
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@troychambliss7842 years ago Thank you Richard. I was actually curious about the subject. I am from Illinois, USA. My chosen son lives near Bacolod.
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@Herbert01823 years ago Thank you sir Richard for the info. More Vlogs in the future Godbless 1
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@carloloyola34223 years ago Thanks for this info sir, very informative
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@baboy28373 years ago Great content! Very informative, well presented and concise. 1
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@jinkyjoyceaguilar79193 years ago Great overview of the condo market situation right now in terms of rentals & inventory. Thanks for this informative vlog. :) The best real pro. 😄 1
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@danmateriales19693 years ago hi Richard, whats the best strategy for Orean Place tower 2 in vertis north? if you'll say Long Term Hold, does it mean pay in full then re-sell after few years?
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@leslieluciano37213 years ago Diversify your investment esp. during this pandemic. The thing with real estate is that it is so hard to liquidate once you need your money in comparison to stocks. 6
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@hanahmaybagunu33723 years ago Great content as always po. Just want to get your opinion in choosing between sync residences and allegra. Sync residences id way cheaper due to smaller cuts. However, upon checking the value per sqm of allegra is cheaper and amenities of the latter is better. May I know if which is better for flipping? And for long term? God bless. ... 1
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@rositamartin86603 years ago Very informative:) Do u have an online classes about Realty Mr Carvajal?
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@junepaologuarin87623 years ago Ang mamahal naman ng mga Condo. Di abot kaya. 3
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@vl41173 years ago Hi Richard, can you give a suggestion with regards to market status of old real Estates properties in NCR?
I would appreciate it. Ur very informative and accurate btw.
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@pgko71233 years ago Very informative, Richard. Appreciate this content from you. It helps us to assess our investments objectively, since your numbers are based on real, researched data (I trust JLL). Thank you! 1
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@Kunbeeb3 years ago Hi! Would be great if may time markers per city throughout the video. But still, best content as always regarding real estate around MM. Thanks sir richard :D 2
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@paolynlazo33303 years ago It was a very good content. Thanks sir!
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@margaretco76093 years ago The best broker in the world! Thank you always for sharing your wisdom! 2
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@junepaologuarin87623 years ago Pwede bang magrequest ng review ng Urban Deca at Honeycomb?
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@maureenban-eg47393 years ago Hello sir do you do trainings , id like to go deeper with the market analysis it would be a great help for our clients and also us young investors , Thank You!
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@worldpeace26883 years ago Interms of data. Would it be possible to know other great sources like JLLs"? Maybe CBRE too? Thank you so much!
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@anabaticwind92593 years ago Interesting data. I suggest that the too-loud background music was quite distracting and at times made it difficult to understand.
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@ofwwonderfullife47523 years ago Sir meron kami unit monthly amortization is 33K but ung upa lang us nasa 25K, what to do po
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@grachelmaepolestico69323 years ago Hi Sir do you conduct trainings for newbie Investors and real estate salespersons/brokers? I would really love to learn more from an expert like you.👍👍👍
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@spider9963 years ago Hello Richard thanks for the good info, watching from Cali here. What do you think has the biggest upside in the next 5 years base on future infrastructure build up in Manila. Looking at the rental property and condo type investment. Thank you. ...
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@worldpeace26883 years ago uy , video is in Bangkok. Are you in thailand now? Thanks for the vid!! im learning a lot. 1
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@dylanoro94733 years ago Good explanation. Can we ditch the cheap music? Nakakadistract. Thanks for the info though!
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@jahdy073 years ago The background music is a bit bothersome. Hopefully mas mahina sya next time kasi di marinig yung mga sinasabing mas importante. Just my two cents. Anyways, thanks for this very informative video. 😊 3
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@ibyang3753 years ago very informative. I have to watch twice cos im distracted by the music. Please tone down the music next time . Thank u
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@janinezairahmontegracia3133 years ago sir richard for fame residence tower 4,
is a 5.1M ( inclusive of other charges & vat) still a good price to get? thank you
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@NikswasHere3 years ago I recently put down the reservation fee for my very first investment: a pre-selling Condo in Taft. I've been thinking every night if it was a good decision, but hearing your thoughts about the resale value in the area makes me think I did the right thing. Turnover is in 5 years pa, so hopefully, school life will be okay by then 🙏
Thanks a lot for a very informative video! ... 2
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@user-zs9ek1bx5z3 years ago 🤔 seems more employees prefer to work from home ... maybe more employers may prefer to outsource outside metro manila to avoid same scenario of prolong restrictions or alike , or more employers may also prefer work from home set up ... condos are so expensive to buy and to rent for ordinary earning Filipinos ... are the buildings built ready for possible "big one" (earthquake)? ... 4
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@ChrisSmith-gb6hk3 years ago Hi sir.. ano po yung current condo supply sa Pasig? Di po nabanggit.. 1
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@afiguerasjr3 years ago There are dozens of condos that are unsold in the metro manila alone. 2
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@ross67993 years ago So bagsak parin talaga Real Estate Market noh sir, Can I ask po pala sir ano anong mga websites naka list mostly ang mga condo properties aside sa lamudi.
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@a2cdaniel6073 years ago Ang lakas ng music idol, nakakadistract
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@yrnajaniram56953 years ago Of only bank loan interests are low in ph.. 3
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@dorismeyer23013 years ago sorry but the background music is quite annoying 1
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@johnalvarez28733 years ago please lower down the volume of your background music. its confusing hearing you talk and disco music at the background 1
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@davidgartshore83193 years ago Turn the background music down it's hard to hear you
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@llothar683 years ago Real Estate is total overpriced in the Philippines and with the Chinese RE bubble bursting now, at least the condo market will collapse (finally, makes me so happy). They were insane expensive, more than what i pay for quality here in Germany.
But maybe the best investment advise is to marry a beautiful Filipina and buy a farm. ... 1
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@joeshmo5813last year What is the purpose of making a video when the background music drowns your voice? If you so badly need to have background music then make it 1/4 the volume of your voice. Very frustrating to try and hear the words you are speaking with the music in addition. ...
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@Bekssss2 years ago Real estate prices in Philippines don't make any sense it's not even bubble it's a joke
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@segundofulgencio17412 years ago Bakit ang mahal ng property sa pilipinas mas mahal pa los angeles ca. Sino nagreregulate dyan ng property cause super mahal na talaga
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@elimonks3 years ago Great info, insufferable presentation. Get a mic, keep to English only, and most importantly cut the music after the intro. These 3 things will increase your views significantly. God bless 2
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@2john1493 years ago Sorry to disagree with you but as we all know almost 70 percent of the population in Philippines are unbank so from 110 million pollution and 77 million let's presume are unbank. You only have 33 million that could afford those properties. And let's say 75 percent of the 33 million have their own house and lot. Now you have about 9.9 million left. And let's say 430,000 condo units for Manila and you have let's say half of that for Cebu 215,000, Davao let's say 100,000 and other cities in Philippines. Sabihin na natin 1 million and not counting house and lot for sale in the entire Philippines.
9 M - 3M = 6 million. With 6 million people, who can afford to buy a property especially with this pandemic, no jobs, economy down. I would say 2 percent of the 6 million are the only once looking for property now. So you looking at 120,000 people only. That means you are overstock. Sorry to burst your bubble. ... 4