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:

http://www.malaya.com.ph/index.php/business/business-news/29028-credit-rating-upgrade-also-a-boon-to-property-sector

Reposted by:

Jonas Montemayor

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Filed under: Real Estate Broker

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