Debt watcher Fitch Ratings sees no signs of the Philippines real estate sector overheating. It thinks the asset quality in the country remains benign amid the rise in property prices.
In a report released on Wednesday, Fitch said property prices are an important macro-prudential risk indicator, and excessive price inflation can be a sign of over-heating fueled by speculation, leading to elevated risks to bank asset quality and profitability.
“For now, this does not appear to be the case in the Philippines and asset quality remains benign amid what appears to be sustainable price appreciation,” it said.
The credit rater’s analysis was based on the recently released results of the central bank’s maiden Residential Real Estate Price Index survey. MAYVELIN U. CARABALLO
- Real estate sector faces serious setback due to Covid-19: Report
- Technologies real estate agents can deploy in Covid-19 era
- Delayed real estate demand stages return in Chinese market
- VN estate market expected positive growth in year-end months
- RBI to cut rates by 40 bps before end of FY20: Fitch
- New cool apps kick-off cyber property sales
No signs of PH real estate sector overheating – Fitch have 176 words, post on www.manilatimes.net at June 8, 2016. This is cached page on Talk Vietnam. If you want remove this page, please contact us.