Interest in houses, condos surges

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    Property portal Lamudi expects demand for houses, condos and foreclosed properties to surge this year base on inquiries on its platform.

    Citing views for such placements, Lamudi said “the number of people looking at houses is forecasted to climb by 3.01 percent, and 17.62 percent on condos.”

    “Foreclosed properties are estimated to experience a surge of 31.53 percent in the first half compared to the same period last year,” it said.

    “The second half of the year will likewise be optimistic for houses and condos, comparing the figures to those projected in the first half. The number of house seekers will grow by 8.01 percent, and condo seekers by 0.92 percent,” Lamudi added.

    Citing pageview statistics, Lamudi said search for properties experience a surge between the end of the first half and the second semester of the year “as  investors and homebuyers with more purchasing power started to regain their confidence in the market.”

    “Houses and land recorded the highest growth in pageviews, registering 33.03 percent and 30.24 percent, respectively. Condos posted an uptick of 5.37 percent, while foreclosed properties saw a 16.86 percent hike from first half to second half. Foreclosed properties received more attention from property seekers in recent years with the more affordable offerings in some of the key regions in the metro,” it said.

    Lamudi meanwhile said demand for commercial properties in Quezon City saw “marked significant growth” last year, posting a 24.6 percent increase in pageviews.

    “From first half of 2020, the figures are projected to grow by 11.96 percent in the first half of 2021. Analyzing the entire year’s stretch, pageviews could rise by 3.29 percent from the first half of 2021 to the second half,” it said.

    Makati meanwhile is expected to experience a 22.42 percent growth and a 20.79 percent increase in pageviews for the period.