Lamudi to Host Housing Fair for OFWs in December

PASAY CITY, Philippines - Dec. 1, 2019 - PRLog -- The Growing Interest from Overseas

Based on Lamudi's data, the number of sessions from 2017 to 2018 nearly doubled, showing a strong interest in real estate from overseas in the period of October to December. Saudi Arabia accounted for 7% of the sessions outside the country on Lamudi during this period. As the "most preferred country of destination among OFWs," 25.4% of the 2.3 million OFWs have worked here anytime during the period April to September 2017, says the Philippine Statistics Authority.

Hong Kong, which had 6.5% of OFWs as of 2017, accounted for 18.41% of searchers on Lamudi from 2017 to 2018.

Japan served as the place of work for 3.3% of OFWs in 2018, according to the Philippine Statistics Authority. It is also where 3.25% of Lamudi searches came from in the third quarter of 2018, which is a 95.83% increase compared to the same period in 2017.

The United States is yet another OFW-rich location that has shown interest in real estate properties in the Philippines. Property seeker activities on Lamudi show that 21.5% of sessions outside the country come from the United States, and it has shown a 93% growth from 2017 to 2018.

Meanwhile, Singapore showed a 79% increase in sessions in the same time period, and Australia showed an 82% increase.

Global Pinoys Come Home

The Lamudi Housing Fair, to be held in SM Mall of Asia Music Hall on December 14, 2019, is the place to visit for property seekers coming back to the Philippines to spend their holidays with their families. Aside from the Christmas festivities keeping Filipinos busy this time of year, now is also the time to look for investment properties that can be a source of passive income or the realization of a life-long homeownership dream.

At the housing fair, property seekers can visit the booths of exhibitors PA Properties, Damosa Land, Inc., BPI Family Housing Loan, Robinsons Land Corporation, RCD Land, CDC Holdings, Inc., MyCitiHomes and more to know their housing and real estate investment options.

The Lamudi Housing Fair in MOA has major sponsors Federal Land, Inc., Lancaster New City by PRO Friend, and Eton. The minor sponsors for the event are DMCI Homes and Aboitiz Land, Inc. Lamudi also worked with event partner Subdivision and Housing Developers Association, Inc. (SHDA) to make the housing fair possible.

Visit lamudi.com.ph/housing_fair (https://www.lamudi.com.ph/housing_fair/) for more information.