The Real Estate, Renting, and Business Activities sector in the Philippines is projected to experience steady growth from 2024 to 2028. The Gross Value Added (GVA) figures, expressed in trillion Philippine pesos, show a consistent year-on-year increase. Specifically, the GVA is forecasted to rise from 2.6905 trillion PHP in 2024 to 2.9904 trillion PHP in 2028. This represents a cumulative growth of approximately 11.2% over this period, reflecting a compound annual growth rate (CAGR) of around 2.7%.
In 2023, the GVA stood at 2.614 trillion PHP, indicating a positive trend in the sector. The projections suggest a robust and stable expansion, with an average annual increase of about 2.7% through to 2028. Year-on-year variations reinforce this steady growth, with approximately 2.9% per annum over the last two years and continued momentum going forward.
Future trends to monitor include:
- Impact of government policies and infrastructure developments on the sector.
- Trends in foreign direct investments and their influence on real estate and business activities.
- Technological advancements and their role in transforming the industry.
- Urbanization rates and demographic changes driving demand for real estate and rental properties.
- Economic indicators such as interest rates, inflation, and employment rates that could affect the sector's growth trajectory.
