The Philippines is facing the worst economic downturn in 30 years due to the Cornovirus pandemic and real estate prices are set to fall by up to 15 per cent according to Colliers International, reports Nikkei Asian Review (5 June 2020). This has motivated Chinese property investors to enter the Manila property market. According to a Juwai.com report, Manila accounts for 68 per cent of enquiries among Chinese property investors looking to buy in the Philippines. "For Chinese buyers, the Philippines and especially Manila is close, closely allied with China, and - at least until the pandemic - promised future price gains and attractive yields," stated the report.
