Condo demand holds firm; digital payments increase

STILL IN DEMAND. Amid the Covid-19 pandemic, buyers are still on the lookout for property investments. Condominium units remain attractive because of their amenities and their proximity to essential establishments. (SunStar file)
STILL IN DEMAND. Amid the Covid-19 pandemic, buyers are still on the lookout for property investments. Condominium units remain attractive because of their amenities and their proximity to essential establishments. (SunStar file)

DEMAND for condominiums remains firm even as the Covid-19 pandemic continues to hamper the local property market and consumer purchasing power.

Filipino Homes founder Anthony Gerard Leuterio said property seekers still opt for condominiums because of their amenities, locations and the fact that they provide a hedge against inflation.

“Property seeks are still keen on owning condominiums with prices ranging from P2 million to P5 million,” said Leuterio in an interview.

He noted that condominiums remain attractive to the market because of their location being walking distance from essential commercial establishments. This pandemic, Leuterio said, has highlighted the need to be in an integrated community where there is easy access to essential goods and services. This is on top of the hotel-like features condo projects possess.

Investors are also eyeing real estate, like condominiums, as a way to hedge against inflation. Home values and rents rise along with everything else during inflation.

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(KOC)

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