Planning to invest in property? Here’s how you can profit from the Philippines’ thriving rental market

Investing in real estate has always been a stable and reliable way to grow your wealth. Property is a good store of value – after all, the asset is fixed in one place, and its value appreciates as years go by.  

Real estate is also a good way to earn passive income, and this is especially true for those who own one or more residential units.  

Here are five factors that will sustain the thriving residential rental market in the Philippines:  

The Philippines has a young and growing population, bucking the trend observed in some of its neighbors in Asia. The country’s population grew by an average of 1.67% between 2010-2020 and is largely dominated by young individuals, according to data from the Philippine Statistics Authority.  

In 2020, 64% of the population are between the ages of 15 and 64 who are considered as the working age. This share is seen to rise to 66% by the year 2055 based on government projections, suggesting that the Philippines will continue to benefit from a young population who are able to work and support household spending. An economy dominated by working-age individuals means that there will be more jobs and business activity, and these would sustain the demand for housing for decades to come.  

Life in the city is always bustling, but this often translates to worsening road traffic and longer commute times. Professionals and families seek to relocate closer to the workplace or to schools to save time, and this fuels demand for home rentals. Unit owners will be met with an ever-growing demand, but location is key.  

Condominiums built by DMCI Homes are often located adjacent to central business districts, making these properties consistently in demand. The open, breathable spaces, resort-inspired amenities, and good customer service in these developments further add to the allure of DMCI Homes properties to future tenants.  

Work from home arrangements are now commonplace. Companies often implement a hybrid set-up where workers are expected to report to the office for several days a week and spend the rest working remotely. As a result, professionals opt for a home that’s close to their workplace that can also serve as a productive yet cozy space for them to do their job at home. 

Good thing for workers, all units and common areas of new DMCI Homes condos are equipped with subscription-free, commercial-grade fiber internet, ensuring seamless connectivity for remote work, school tasks, or personal pursuits. A coworking facility further enhances the property’s appeal for upwardly mobile individuals.   

DMCI Homes condos also offer a variety of options for unit cuts to cater to every resident’s need. A professional living solo may find a studio unit to their liking, while a family of four, for example, would be more comfortable in a three-bedroom condo so there’s a dedicated home office. Spacious lounge areas, indoor gyms, pools, and other amenities offered at DMCI Homes properties also make these more attractive to property seekers, thus boosting demand for spaces for lease.  

Property prices have been consistently on the rise. Between 2019 to 2023, condo prices in the country have gone up by nearly 25% based on central bank data. While this bodes well for homeowners, it also means that it is more costly to buy a new home – and this contributes to the booming rental market in the Philippines. This is particularly true in Metro Manila and urban centers like Cebu and Davao. Professionals and families looking to relocate closer to offices and schools will find renting a place to be lighter on the pocket, especially when their future plans are likely to change.  

There is a growing community of expatriates in the Philippines – in fact, the country was ranked as one of the best places for foreign professionals to relocate to. One of the main reasons for this positive rating is the ease of settling in as well as convenience of housing arrangements.