MANILA, Philippines — Home prices rose further, although at a slower pace, in the third quarter last year as high interest rates continued to increase monthly housing costs, according to the Bangko Sentral ng Pilipinas (BSP). The central bank’s Residential Real Estate Price Index (RREPI) rose by 12.9 percent to 167.7 in the third quarter of 2023 from 148.6 in the same quarter in 202...
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Prices of residential real estate went up by 12.9 percent year-on-year as of the third quarter 2023 amid the continued expansion of housing loans across the country, according to the latest Residential Real Estate Price Index (RREPI) of the Bangko Sentral ng Pilipinas (BSP). The RREPI, which is a BSP tool to assess the real estate and credit market conditions in the Philippines, measures the av...
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The aggressive investment promotion activities of President Ferdinand R. Marcos Jr. in the Philippines and abroad has earned a Php1.16 trillion in investment approvals for 2023, the highest in the last five decades, the Board of Investments (BOI) reported on Wednesday. In a statement, Department of Trade and Industry (DTI) Secretary and BOI Chairman Alfredo Pascual expressed optimism that this...
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MANILA – The Philippine economy grew by 5.9 percent in the third quarter of the year, bringing the year-to-date economic growth to 5.5 percent. National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said this makes the Philippines among the best-performing economies in Asia. “In the face of many domestic and international challenges, we have effectively im...
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MANILA – The Philippine economy grew by 5.9 percent in the third quarter of the year, bringing the year-to-date economic growth to 5.5 percent. National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said this makes the Philippines among the best-performing economies in Asia. "In the face of many domestic and international challenges, we have effectivel...
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Common Scam #5: Online Rental Scams Online rental scams typically involve fraudsters who create fake rental listings, enticing prospective tenants with attractive properties at unbelievably low prices. They then request advance rental payments or security deposits from unsuspecting victims. To protect yourself from online rental scams, consider the following steps: 1. Physically Inspect the...
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