The current Philippines REAL ESTATE CRISIS! Did we screw up? | Condo Oversupply & Buying Property in the Philippines
In today’s video, we share our personal journey of almost buying into the booming condo market in Manila, and why we ultimately decided against it. As a British family, we were drawn to the idea of owning a property in the Philippines, but after careful consideration, we avoided the potential pitfalls of the Philippines condo crisis and the rising condo oversupply.
We dive deep into the real estate problem that's affecting condo prices in the Philippines, discussing how factors like the condo crash and market saturation could impact future property values. Was it a mistake not to buy a condo in Manila? You’ll get our honest perspective on the risks of buying property in the Philippines.
Instead of a condo in BGC, we ended up purchasing a plot of land on the beautiful island of Siargao, where we plan to build a sustainable home in the near future. Our story will give you insights into the realities of the Philippine real estate market and why we don’t regret our decision.
Topics covered in this video:
- The Philippines condo crisis and its impact on the market
- Why we chose land over a condo in Manila
- The risks of condo oversupply and a potential condo crash
- Thoughts on buying property in the Philippines as a foreigner
- Our plans for building a sustainable home in Siargao
If you're considering investing in Philippine real estate, this video will help you understand why ultimately, why we don’t regret avoiding the condo market.
Don’t forget to subscribe and hit the bell icon for more updates on our journey in the Philippines!
#PhilippinesRealEstate #CondoCrash #CondoOversupply #PhilippinesCondoCrisis #BuyingPropertyInThePhilippines #PhilippineRealEstate #ForeignersBuyingInPhilippines #Siargao #SustainableHome #RealEstateProblem #InvestingInPhilippines #CondoMarket #PhilippineProperty
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Our names are Jmayel, Sacha & Story. We traveled to the Philippines Siargao island and fell in love with island life, now we want to make that life more permanent.
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Sacha, Jmayel, Story & Poppy are a Vegan family currently living in the Philippines. Creating a peaceful vlog about travel, family and life.
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