News

PHL mortgage rates seen steady until mid-2025

MORTGAGE RATES in the Philippine residential sector are expected to remain unchanged until mid-2025 despite the recent rate cut, according to Colliers Philippines. “We’ll probably see the full effect by mid-2025, and hopefully that results in lower mortgage rates because the average mortgage rate right now is only about 8.3%,” Joey Roi Bondoc, director for research at Colliers...

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Cebu poised for property boom

CEBU, Philippines — Real estate stakeholders are looking to 2025 as a pivotal year for expanding investments across residential, hospitality, and commercial sectors, driven by an improving tourism industry and increasing remittances from Overseas Filipino Workers (OFWs). AppleOne Group President and CEO Ray Go Manigsaca expressed optimism about Cebu’s real estate market sustaining g...

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