(From Lamudi Philippines. Article by the Lamudi Editorial Team.)
They say that Christmas is the season of giving. But for many overseas Filipino workers (OFW) returning home for the holidays, it is also the season for some serious home shopping.
In fact, according to Enrique Soriano III, Program Director for Real Estate at the Ateneo de Manila University–School of Business, many OFWs spend all year saving enough down-payment cash for their first home, and they usually remit this cash by December when their purchase decisions are finally made. This observation is shared by Claro dG. Cordero, Head of Research, Consulting, and Valuation at JLL Philippines: “More property transactions occur at the end of the year when many of these OFWs have performed oculars of the properties they’re looking into buying.” Continue reading Five Questions Every OFW Should Ask Before Buying a Property