{"id":116293,"date":"2020-05-13T06:00:13","date_gmt":"2020-05-12T23:00:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/falling-ofw-remittances-rising-unemployment-to-push-down-property-prices-in-philippines-by-15-per-cent\/"},"modified":"2020-05-13T06:20:27","modified_gmt":"2020-05-12T23:20:27","slug":"falling-ofw-remittances-rising-unemployment-to-push-down-property-prices-in-philippines-by-15-per-cent","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/falling-ofw-remittances-rising-unemployment-to-push-down-property-prices-in-philippines-by-15-per-cent\/","title":{"rendered":"Falling OFW remittances, rising unemployment to push down property prices in Philippines by 15 per cent"},"content":{"rendered":"


\nHome prices in the Philippines are likely to decline by up to 15 per cent after more than two decades of uninterrupted growth as a slowing economy due to the Covid-19 outbreak weighs on demand, with affordable and mid-income housing seen as the most vulnerable segments.The twin blow of rising unemployment locally and job losses among Overseas Filipino Workers, and a slowdown in investment and hiring by Chinese-operated online gaming companies, known as Philippine Offshore Gaming Operators (Pogo\u2026
\n
\nSource : South China Morning Post
\nRead more…Falling OFW remittances, rising unemployment to push down property prices in Philippines by 15 per cent<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Home prices in the Philippines are likely to decline by up to 15 per cent...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-116293","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ufH","jetpack-related-posts":[{"id":26061,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/booming-philippine-property-market-inspires-confidence-among-expat-investors\/","url_meta":{"origin":116293,"position":0},"title":"Booming Philippine property market inspires confidence among expat investors","date":"September 14, 2016","format":false,"excerpt":"\r The overwhelming majority of Filipinos in the UAE are optimistic that the property sector in their home country is rapdily improving, according to a new survey.A poll conducted by New Perspective Media (NPM), the organisers of the annual Philippine Property and Investment Exhibition, showed that 98 per cent of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146699,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/philippines-sm-group-eyes-new-growth-as-manilas-gaming-ban-hits-real-estate\/","url_meta":{"origin":116293,"position":1},"title":"Philippines\u2019 SM Group eyes new growth as Manila\u2019s gaming ban hits real estate","date":"August 19, 2024","format":false,"excerpt":"\r SM Prime is relying on fundamentals and remittances to drive growth as Manila prepares to kick out Chinese workers in the online gambling industry.\r \r Source : South China Morning Post\r Read more...Philippines\u2019 SM Group eyes new growth as Manila\u2019s gaming ban hits real estate","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119317,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singaporean-online-property-portal-ohmyhome-expands-into-philippines-eyeing-share-of-steady-workers-remittances\/","url_meta":{"origin":116293,"position":2},"title":"Singaporean online property portal Ohmyhome expands into Philippines, eyeing share of steady workers\u2019 remittances","date":"November 24, 2020","format":false,"excerpt":"\r Singaporean online property portal Ohmyhome has expanded its operations to the Philippines, hoping to grab a slice of the growing property market in the capital Manila.The lack of a comprehensive electronic database of property transactions and a stable internet connection, however, are just two constraints that need to be\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118263,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rising-unemployment-tottering-hang-seng-index-foretell-weaker-home-prices-in-coming-months-knight-frank-says\/","url_meta":{"origin":116293,"position":3},"title":"Rising unemployment, tottering Hang Seng Index foretell weaker home prices in coming months, Knight Frank says","date":"August 18, 2020","format":false,"excerpt":"\r Rising unemployment will depress home prices in mass and luxury residential market by 5 per cent this year amid the coronavirus outbreak, according to Knight Frank, with homes changing hands at lower than market prices amid shrinking transactions.\u201cRising unemployment will lead to affordability issues, thus reducing property demand and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":150890,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-exchanges-fintechs-brace-for-trump-tariffs-impact-on-remittances-as-global-trade-tensions-mount\/","url_meta":{"origin":116293,"position":4},"title":"UAE exchanges, fintechs brace for Trump tariffs impact on remittances as global trade tensions mount","date":"April 10, 2025","format":false,"excerpt":"\r Money transfer firms in Dubai are bracing for currency swings as Trump\u2019s tariffs shake global trade, impacting remittances to India, Pakistan, and the Philippines\r \r Source : arabianbusiness.com\r Read more...UAE exchanges, fintechs brace for Trump tariffs impact on remittances as global trade tensions mount","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/04\/money-exchange-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12196,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-decline-following-rush-to-beat-new-property-tax\/","url_meta":{"origin":116293,"position":5},"title":"UK house prices decline following rush to beat new property tax","date":"May 9, 2016","format":false,"excerpt":"\r UK house prices fell in April after a surge of rental investors rushing to beat a tax change bolstered the market earlier in the year, according to the Halifax.Average values dropped 0.8 per cent from March, the mortgage lender said on Monday. That reduced the annual gain to 7.8\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116293"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=116293"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116293\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=116293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=116293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=116293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}