Philippine Property Market: Recovery Timeline Pushed to 2027 Amid Mixed Signals
S&P tempers near-term expectations even as a top consultant stays bullish on the Philippines
Written by PropVela Editorial TeamPublished 1 min read
Today's roundup brings together two contrasting reads on the Philippine property market — a cautious near-term outlook from a global ratings agency and an optimistic long-view from a leading property consultancy.
PHL residential property recovery may take until late 2027 — S&P
S&P Global Ratings has cautioned that the Philippine residential property sector may not see a genuine turnaround until late 2027, citing an overhang of unsold condominium units, persistent inflation, and elevated borrowing costs. Analyst Johann Tan flagged that these headwinds are likely to keep pressuring developers and homebuyers through this year and into next, with no significant pickup in sales expected soon. According to BusinessWorld, the agency's assessment points to a slower, more prolonged recovery path than previously anticipated.
Property consultant optimistic on PHL economic prospects
David Leechiu, founder and CEO of Leechiu Property Consultants, struck a notably more upbeat tone at the firm's third-quarter briefing, arguing that global instability could actually work in the Philippines' favor. He pointed to rising costs, labor shortages, and tighter immigration rules in developed economies as factors likely to push more companies to relocate jobs and investments to the country. Leechiu noted growing inbound interest from firms exploring this shift despite broader global economic turmoil. According to BusinessMirror, his outlook suggests the Philippines could emerge as a relative winner amid global demographic and cost pressures.