According to an online survey conducted between September and October this year by Juwai IQI, the residential property market in the Philippines is expected to contend with weak prices and rents in the next 24 months, reports Malaya Business Insight (1 December 2020). The survey revealed that the real estate industry expects prices nationwide to rise just 3.2 per cent in the next 12 months, while properties in Makati will decline by 3.2 per cent. Juwai IQI said foreign demand for local properties remains relatively robust, with "half of agents reporting that mainland Chinese are likely to increase purchases in the fourth quarter of 2020."