Real Estate Sector in the Philippines Neutral

• 13 May 2022
• International News
• 1104 Views

The real estate sector in the Philippines is currently seeing neutral growth with no progress after the national election posting myriad challenges to the country’s economic growth.

J.P. Morgan Global Research has downgraded the Philippines to ‘underweight’ and ranked it last in the order of preference in ASEAN in its equity investment strategy immediately after the conclusion of national and local elections, the Manila Bulletin reported on 10 May.

In its ASEAN Equity Strategy released on 9 May 2022, J.P. Morgan also downgraded the Philippines real estate sector to neutral.

“Philippines’ equities face myriad challenges, including twin deficits, higher inflation, slower government spending in the quarters after the election (transition pain), high public debt, risk of a valuation derating, and potential earnings growth disappointment,” said JPM, a global leader in financial services.

• Economy and Finance