Foreign Buyers Boost Real Estate Property Prices

The GFC has slowed down the real estate property industry. Despite the discounted property prices, not too many are biting the bait, except probably the first home buyers who are trying to get assistance from government subsidies.

The discounted prices of real estate properties keep foreigners coming trying to take advantage of the cheap prices. This trend however is making the demand higher and boosting property prices above the buying capacities of locals.

The influx of foreign investment is good for the economy but has its own bad sides. Hopefully it will get balance out.

About the Author

Ver Pangonilo
A Filipino Engineer, Registered Professional Engineer of Queensland (RPEQ) - Australia and Professional Electrical Engineer (PEE) - Philippines with extensive experience in concept select, front-end engineering, HV & LV detail design, construction and commissioning of Hazardous and Non-Hazardous Area electrical installations in water and waste water pipeline and pumping facilities, offshore platforms, hydrocarbon process plants and pipelines including related facilities. Hazardous area classification and design certification (UEENEEM015B, UEENEEM016B, UEENEEM017B).
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