Online property portal Lamudi Philippines received 15 million user visits in 2017, clocking in a total of 2.7 million hours spent searching for properties online. Lamudi Philippines Chief Executive Officer Bhavna Suresh said this means that there is now a growing preference among Filipino real estate hunters to search online for properties that are either for sale or for lease. “More developers, brokers, and owners are now breaking the brick and mortar barrier to crossover to the click and discover business environment,” she told the reporters.
Of the house and lot searches, 49 percent looked for properties priced at P5 million and below, 35 percent for homes priced up to P20 million, 13 percent for those priced up to P150 million, and interestingly, 4 percent for those with over P150 million price tag. “We see more demand for both residential and commercial properties in the next several years as the economy grows further,” she said.