Philippine’s Property Classified Market Future Outlook and Projections, Segmentation, Revenue, Sale, Forecast, Trends, Proptech Drivers, Major Players, Industry Report: Ken Research

Philippine Property Classified Market

Now why

How Property classified market located in the Philippines?

With a population of 109.5 million by 2020, the Philippines is one of the most profitable and fastest growing economies in ASEAN. Philippine real estate is facing a digital wave across its price chain, disrupting how buyers and sellers communicate with each other. Customers are not only compelled to explore purchase / rental options through digital platforms but are also interested in other residential services. Overall, there is growing interest in using online platforms to buy / rent a home. In addition, the current epidemic presents a unique opportunity for consumers as well as developers to place their confidence in the digital platform.

A growing millennium of workforce, and the potential for unnecessary demand in the market is the real draw card for start-ups and developers in the Philippine property classified market.

The Philippines is an emerging market for asset classifieds in ASEAN that generates ~ ~ Mn of revenue in 2021 and grows at a CAGR of 20.3% between 2016-2021. Most full-stack property classified players in the Philippines are focused on the residential property segment. Many developers are offering extended payment terms, lighter down payment schemes and waived reservation fees, including limited time offers, which should benefit financially ready buyers. However, the industry is extremely vulnerable to fraud due to its complex nature, reliance on technology and interactions between stakeholders and third parties. Companies like Lamudi, DotProperty, & Hoppler are ready to capitalize on the current pain points in the Philippine property classified market.

Philippine Property Classified Market

Philippine property classified market segmentation

By Business Model: Generating revenue through inventory and classified models contributed more than 6%, while Aggregator and Co-Living generated $ 8 million in 2021.

By list type: Residential lists dominate all other types of property classified lists for 8% of the listings, of which 7% are accounted for by single home residential units.

By way of advertising the property: Due to the increasing number of smartphone users, rapid urbanization and increasing internet usage, almost all the revenue of companies comes through online platforms.

By source of income: The ad-based revenue model is gaining traction and is often used in websites / applications / marketplaces that attract huge amounts of traffic.

By rent and sale: In 2021, 6% of the transaction was performed through sale of property including advertisement and subscription contributing 6% and 6% of revenue respectively.

By consumer type: Brokers contributed the highest percentage of shares in 2021, followed by manufacturers and owners.

Philippine Property Classifieds Market Competition

The competition among property classified market players is highly centered around listing and classified as well as the top 3-4 players in both Co-Living and Aggregator. Players are competing based on rent, room type, location, services, community events, and so on. Expensive rents, fixed one- to two-year tenancy agreements, and the hassle of dealing with intermediaries have driven the company’s growth. – The idea of ​​living in the Philippines.

Philippine Property Classifieds Market Future Outlook and Predictions

The Philippine asset classification market is expected to grow at a huge rate of 6% CAGR between 2021-2026F, providing a lucrative opportunity for asset classified investors. Technology is becoming an increasingly attractive resource for homeowners, potential real estate investors and tenants who are looking for an efficient and secure opportunity in the Commercial Real Estate Division (CRE). This presents a lucrative opportunity for property classified investors to witness higher returns on their investment. Real estate digital classifieds are still in the early stages of growth and lists are dominated by creators and brokers. Further, with new technology-based services such as 360-degree views, listing facilities, subscription management, etc., the focus may be on educating individual users. Therefore, ads are more likely to focus on individuals who are both buying and selling, which can help reduce the resistance to online real estate traction by individual users.

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Key points considered in the report-

  • Overview of the Philippine Proptech Market
  • The main entity in the Philippine Proptech market is the ecosystem
  • Business Cycles and Genesis of the Philippine Protech Market
  • Philippine Protech Market Size, 2015-2021
  • Philippine Protech Market Segmentation
  • Competition Analysis: Key Listings and Market Shares of Classified and Major Aggregate and Co-Living Companies
  • SWOT analysis of the Philippine property classified market
  • Revenue model in the Philippine Proptech industry
  • Growth driver and restraint in the Philippine Proptech market
  • Technological advances in the Philippine Proptech market
  • Impact of COVID19 on the property classification market in the Philippines
  • Outlook and future forecast for the Philippine Proptech market
  • Future market segmentation by business model and revenue source
  • Recommendations / reasons for success
  • Research method
  • Appendix

For more information on the research report, read the link below:

Philippine Property Classified Market Future Outlook

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