Realty By JM

Salt and Light of Philippine Realty

Credit rating upgrade also a boon to property sector

Property consultancy firm CBRE yesterday said the investment grade credit rating obtained by the Philippines from Fitch Ratings would cascade to the real estate sector, citing its domino effects across various segments.

In its second-quarter report, CBRE noted how credit ratings upgrades in the past had benefitted the property sector.
“When the sovereign credit rating was gradually increasing from 2010 to 2012, there was a corresponding decrease in vacancy rates for office spaces in Makati central business district,” CBRE said in the report.

Taken from:

Reposted by:

Jonas Montemayor

Filed under: Real Estate Broker

Please share your thoughts

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: