Philippine Real Estate After the May 10 elections
Here’s an interesting question: What will happen to Philippine Real Estate after the May 10 elections? The answer: it will depend on how orderly the elections proceed…
Historically, when the elections push through peacefully (meaning that the people have successfully voted for their respective choices and those with majority votes win), the real estate industry experiences a boom immediately after. This applies not only to Philippine Real Estate, but also to the the rest of the property sectors around the world where an electoral vote for government applies as well. In fact in general, all businesses are affected by the election outcome. It’s just that Real Estate and the Stock Market are the ones which are among the MOST affected because of their cyclical nature (Read more about the correlation of Stocks and Real Estate here: http://www.realestatephilippinesblog.com/real-estate-philippines-industry-in-2009-and-forward-to-2010/).
Obviously on the contrary, it follows that non-peaceful elections will result to negative business. This goes to show the elections are crucial in determining a nation’s overall stability. Good governance will definitely lead to better economy and a better business environment, and vice-versa. If a country has elected its leaders in an orderly manner, this goes to show that this country has proven itself to be law-abiding one worthy of further progress and development. Therefore, everyone will be able to go about his/her own business peacefully. In such an environment, people are encouraged indeed to work better and spend more – thus, they buy more properties to live in and/or to invest their hard-earned money into, knowing that they’re buying property in a STABLE country.
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Let us all pray for a peaceful elections this coming May 10 of 2010, and may God guide us in electing a worthy leader who will make Philippines a better nation as a whole…
It would be interesting to speculate who among the candidates would usher in a new real estate boom, similar to what we had during the Ramos presidency although that boom has a lot of speculators who wanted to cash in unlike now, its more user driven which is healthier for the entire industry and economy. Many developers I know have a lot jitters if Villar won the presidential race.
Now that more than 90% of the votes have been tallied and unless someone can show clear proof Sen. Aquino manipulated the results (highly unlikely), we are looking at an Aquino presidency. So, any expectations as far as major policies on real estate is concerned?
That we will have to wait and see… it will depend on his legislation, along with Senate and Congress as well
We all need to change. Change is inevitable. Peace and prosperity should reign supreme. The future of real estate investment in the Philippines lay in the hands of our new leaders.
Yes, indeed… its all up to us, but most of the power lies in the hands of our leaders. We should all pray for peace and a better Philippines
It’s amazing that real state property depends on election. How can it be immediately got boom after the election?
The government is now straight and honest. I see positive outlook with Noynoy. Everybody loves him. How’s the real estate? Is it getting better?
Yes it is
Hopefully VP Binay will do a good job just like former VP Noli de Castro
Because it shows Gov’t Stability and better Economic Growth, check the article again above and bookmark it so you will always remember my friend
Just read the article again, its there
and you can bookmark this page so you will remember it, plus show it to your friends and relatives to help them out also