Ohmyhome encourages Filipinos to invest in real estate this year

Ohmyhome, the leading real estate solutions platform, is excited to encourage Filipinos to invest in real estate in 2021.

With positive property results and forecasts, proptech platform Ohmyhome is encouraging Filipino property seekers to take the plunge and invest in a home in 2021. Real estate as an investment remains a stable and secure option as upcoming developments and infrastructure projects are expected to be completed this year. it said. Industry experts believe that the real estate sector “has consistently demonstrated resilience over the past decade, achieving record levels of acceptance, supply, prices and property values.” Data shows that despite the pandemic, real estate investments are generating stable and lucrative returns, maintaining wealth and generating capital growth. This shows that real estate is one of the best long-term investments for individuals and families. All of this indicates that the real estate industry remains one of the safest spheres for investors seeking passive income. In their latest report, global real estate services companies Cushman and Wakefield announced that despite an expected slow economic recovery due to the pandemic, business development linked to resuming national infrastructure projects this year would fuel a lot of real estate activity from buyers and sellers. Real estate organization Colliers International also forecast that the progression of major projects in 2021 would strengthen the real estate investment trust. Projects such as the LRT-2 East Extension, the Cavite-Laguna Expressway, the Skyway SLEX Extension, the MRT Line 7, the BGC-Ortigas Link Bridge and the NLEX-SLEX Connector Road are expected to be completed between 2021 and 2022, which will be several provinces and Benefit key cities in Metro Manila and thus increase the need for good quality housing units in various areas. The 2020 lockdown also showed the majority of businesses were able to work remotely, reducing maintenance costs for employees, including office rent. This has ushered in a big change for the second home market, which includes closed resort communities in the provinces. Data from Leechiu Property Consultants shows that many individuals and families have found it useful to invest in a “second home” outside of the subway, as suburban real estate allows more flexibility during crises like the pandemic. For those interested in investing in condominiums, a study by LPC also showed that properties near mixed-use projects had better premiums and appreciation than those further away. Homeowners prefer condominiums near mixed-use buildings that combine commercial, residential, and cultural uses in one space, as these are particularly suitable for Filipinos who are always on the go. Ohmyhome was launched in the country in September 2020 and is designed to make the experience of housing practical, quick and enjoyable for potential Filipino real estate investors. With a DIY platform and agent services accessible through the easy-to-use application and website, Ohmyhome has received exceptionally good feedback from its first-time users. When asked how the company sees its place in the Filipino real estate industry this year, Ohmyhome co-founders Race and Rhonda Wong are confident that Ohmyhome will continue to provide simple and efficient housing services to its Filipino users. “Many Filipino customers are still used to talking to agents on social media who may be referred to them by someone they know,” Race said. “So we would like to make more efforts to bring the convenience of our application and website to the real estate public. We want Filipino home buyers to see how Ohmyhome technology can make their real estate investments a seamless and easy process in 2021. “Rhonda said it was high time Filipinos made their dreams of buying their own property a reality, and Ohmyhome decided to help them make their aspirations come true. “Every Filipino deserves the chance to own a home that their family can enjoy and eventually pass on to the next generation. This is an investment that will help them build their fortune,” she said. Race and Rhonda recognize that there is a lack of information about available real estate and funding opportunities while some real estate professionals are unable to meet customer needs. “These barriers to potential real estate investment and home ownership are what Ohmyhome is aiming for,” they said.

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