A comparative study on the housing price buble in the central business districts of Metro Manila from 1997 to 2012

• Main Authors: Descanzo, Jiou, Padua, Francesca, Sarinas, Samantha, Yu, Sarah Mae
• Format: text
• Language: English
• Published: Animo Repository 2013
• Subjects: Housing > Finance; Housing > Prices > Philippines; Housing > Philippines
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/7386
• Institution: De La Salle University

On the first quarter of 2013, the Philippines had well surpassed its economic forecasts with its 7.8 percent growth rate. Subsequent to this, the Philippines had achieved investment grade ratings from Fitch Ratings, Standard and Poor's, and the Japan Credit Rating Agency. Such economic development purports economic activity that encompass corporate expansions, which presupposes increases in housing consumption and investment demand, thrusting the prices of properties upward. This paper is thus aimed at studying the effects of economic development on the volatility of land values as well as the possibility for the formation of a real estate bubble. For purposes of establishing research parameters, housing price volatility will be measured through studying the comparative effects of the property stock index, lending interest rates, remittances, non-performing loans, and the inflation rate on the land values of Makati, Ortigas, and Fort Bonifacio.