People might be wondering if feelings of improvement could even be quantified; good thing it could. This is a data-driven question requiring an answer backed by research.
The country's consumer sentiment was observed to improve in the second quarter of 2021, with the overall confidence index (CI) increasing to -30.9% from -34.7% in the first quarter of the same year.
Although remaining negative, this means that the number of households with pessimistic views decreased relatively. Based on the data from respondents, the improved outlook was brought about by expectations of having more jobs, added or higher income, and security of tenure, effective policies and programs enforced by the government-particularly to address COVID-19-related concerns.
The sentiment of consumers in the Philippines was comparable to the less pessimistic outlook of consumers in the euro area, France, Poland, Switzerland, and the United Kingdom for the second quarter of 2021.
The Conference Board conducted Global Consumer Confidence Survey in the fourth quarter of 2021. The Philippines came in at number five out of 65 markets studied globally in the fourth quarter of 2021 with a score of 124 on the Global Consumer Confidence Index (CCI), an improvement from the third quarter's score of 118 when compared to the 115 average scores for all 65 markets.
What happens now?
Filipinos have a better outlook on putting up businesses; taking on jobs with confidence that it is aligned with the courses they finished; they trust the government better in managing and minimizing economic impacts brought about by COVID-19. Previously laid-off employees get a better view of the future by having more options for employment, with hopes to earn higher wages than before. Technically, these data show people hoping despite the blows done by economic and lifestyle changes.
Socioeconomic Planning Secretary Karl Kendrick Chua presented a three-month economic growth plan focusing on the full reopening of the economy—70% being placed in Alert Level 1. Chua stressed that the government is currently addressing the inflationary pressures due to the Russia-Ukraine conflict as oil and food prices rise. Subsidy programs for the public transport and agriculture sectors are in place to serve as a cushion from the price increases.
What can Filipinos do?
While the government functions, people must focus on building and protecting wealth. Indeed, insurances are never out of the picture. It is a must so that any accumulated wealth will be protected for the sake of loved ones left behind. If one has the skill and experience, then stocks or foreign exchange trading could earn a person thousands or millions in a day.
But one of the fastest drivers to economic growth is real estate investing, specifically condo investing. Indeed, it is not that simple when one still has yet to recover from the financial loss but looking forward to earning rental income is better than dreading the effects of inflation, rising gas prices, and the still-potent virus that still prompts people to stay home. This kind of investment is stable such that it's always likely to appreciate if chosen strategically.
Just by the sound of real estate, this gets a person to think about a high-value investment that's out of reach unless one has Millions of pesos available. This is a common misconception that needs to be debunked because the opportunity to own property can happen by finding great deals.
Payment terms allow an individual, couples, or families not to pay everything upfront for some time. This means that although real estate is a high-value investment, this does not mean that one has to chew more than one can swallow.
Which developer should one partner with?
Before any recommendation, a developer must have a proven track record. Remember that real estate investing is about entrusting one's money to deliver a promised project on time, with the exact same specifics listed in a contract or building plan. If given to the wrong hands, the hard-earned money might only disappoint investors and cook up lawsuits and other circumstances with the same dirty features.
So, a developer with years of experience in delivering projects must be on the to-do list of due diligence. Vista Residences has been delivering premier-level condominium projects around the most progressive cities in the Philippines. Strategic locations include Metro Manila Area, Baguio City, Cebu City, and Cagayan De Oro City. All listed locations are to be considered the greatest pools for talent, tourist attractions, and employment opportunities. This means that choosing Vista Residences is ideal so that returns on investment are guaranteed.
Buildings near major universities, hospitals, transport hubs, and central business districts are likely to be flocked by students and professionals who need a home away from home. With the busiest lifestyles, people will pay for convenience brought about by accessibility to essential commodities.
Trusted agents are hard to find.
It's a great thing that Vista Residences capitalizes on technology to make it all easy for potential and current investors. Agents are available to answer inquiries online using the chat box of the company's website or a directory of contacts. Once an agent is chosen, an online reservation form is available to fill out.
What comes with a Vista Condominium Unit?
A condominium building by Vista Residences is equipped with 24/7 security cameras, a security team, a Swimming pool, Lobby, Function Hall, and Fitness and Wellness gym. Besides a strategic location, these amenities will secure investment value to attract the right renters. They fit the needs of having this property to generate rental income. Using Airbnb is not the only option to market the property for rental—enrolling a condo to SpacesLEASING is made available so that investors would not have to worry about managing the needs of renters, condo maintenance, cleaning, and human resources management. Putting the money out there for Real Estate is a sound money-accumulating move.
For more information on Vista Residences, email info@vistaresidences.com.ph, follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.
