Philippine Estate Agents

High end property prices in the Philippines are suffered a sharp downturn in 2009, especially in Manila, because of the economic downturn.

Industry analysts are expecting demand from foreign property investors and experts to fall and this will have a major impact on the real estate markets.

.Many experts claim  that there will be downward pressure on luxury unit prices. 'So far, prices are still flat. Developers are still holding on to current high prices. But when demand dries up during the latter part of the year because of the slowing economy, they would have to lower.