The Outlook Quarterly: A Wrap-up of the Philippine Property Market in 2Q2021
A vibrant province with immediate access to mountains, coasts, and thriving commercial and industrial hubs, Cebu has consistently been one of the most sought after locations on KB Realty Group. It was the fourth most inquired location on KB Realty Group and the fourth most active property seeker location on the platform in 3Q 2021, contributing a high volume of pageviews towards properties in Cebu City, Lapu-lapu, Mandaue and Talisay. With infrastructure projects such as the Cebu-Cordova Link Expressway and Metro Cebu Expressway underway, Cebu is slated to attract more investment and spur economic activity across the island.
KB Realty Group zones in on Cebu to deep dive on trends in one of the country’s most prominent real estate markets:
1. Overall, houses followed by land were the most inquired property types in Cebu.
2. Other than houses, seekers across the country had varied preferences for properties in Cebu.
3. Demand for properties for sale in Cebu is dynamic, attracting large shares of leads across varying price segments.
4. Rental demand was most concentrated in affordable segments.
5. Property seekers both in the Philippines and overseas were interested in mostly the same cities in Cebu.
6. After Cebu City, Cebu-based property seekers were most interested in Lapu-lapu listings in 3Q 2021.
7. Aligned with general trends, Cebu based seekers were predominantly young (18-34) and mostly female.
8. Overall, “Cebu” was the most searched term on KB Realty Group in 3Q 2021.
9. The overseas cities that contributed the most leads to Cebu were from countries with high concentrations of OFWs.
10. Cebu-based seekers focused their searches on Cebu and other Bisaya-speaking locations.
