The report provides a comprehensive analysis of the potential of home finance industry in Philippines. The report covers an overview and genesis of the industry, market size in terms of loan disbursed & outstanding.
The report has market segmentation which include segments by on the basis of medium, by type of loan provided, by regional division, by mode of transaction and loan duration, by type of house and age of end users; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Property values in the Philippines are rising remarkably, with a sizable increase observed throughout the real estate sector. Property prices have reached unheard-of heights as demand for homes and investment options rises steadily, showing a robust and vibrant market in the nation.
Nowhere are the effects of the Philippines’ sustained economic growth more apparent than in the construction industry, which is benefitting from pent-up demand and a positive outlook for future growth.
The Philippines House Finance market is consolidated. The nature of competition is high. Philippine home finance market by banks making it moderately consolidated with competitive rivalry among the competitors. Some of the popular players are Bank of the Philippine Islands, Security Bank, Banco de Oro (BDO), Metro Bank, East West Bank, LANDBANK of the Philippines, Philippine National Bank and China Bank Corporation.
The report has market segmentation which include segments by on the basis of medium, by type of loan provided, by regional division, by mode of transaction and loan duration, by type of house and age of end users; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to publisher estimates, the Philippines Home Finance Market -has increased in 2022 at a CAGR of 3.7% owing to growing demand for used vehicles and financing penetration in the sector.Property values in the Philippines are rising remarkably, with a sizable increase observed throughout the real estate sector. Property prices have reached unheard-of heights as demand for homes and investment options rises steadily, showing a robust and vibrant market in the nation.
Nowhere are the effects of the Philippines’ sustained economic growth more apparent than in the construction industry, which is benefitting from pent-up demand and a positive outlook for future growth.
Key Trends by Market Segment:
- By Medium: Banks tend to offer better regularities, customer services and lower interest rates, which makes it a primary choice for a homebuyer
- By Region: Being the capital region of country, Filipinos living in Manila have greater accessibility with majority of financial institutions headquartered
The Philippines House Finance market is consolidated. The nature of competition is high. Philippine home finance market by banks making it moderately consolidated with competitive rivalry among the competitors. Some of the popular players are Bank of the Philippine Islands, Security Bank, Banco de Oro (BDO), Metro Bank, East West Bank, LANDBANK of the Philippines, Philippine National Bank and China Bank Corporation.
Future Outlook
The Philippines Home Finance Market witnessed significant growth during the period 2017-2022, NBFCs will emerge as the major home financier in the future owing to the lack of regulatory limits on them unlike Banks in providing home loans. With the number of people in the country continuing to rise, the demand for housing will remain strong. (At the present rate, 2 million people are added to the country’s population every year)
Additional benefits of purchasing an enterprise license:
- TAM/SAM/SOM Analysis
- Customer Cohort Analysis
- Marketing Initiatives
- White Space Opportunity Analysis
- Interactive Data Visualizations
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- 3 Months Post Sales Analyst Support
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Table of Contents
1. Executive Summary
2. Country Overview of Philippines
3. Financial Overview of Philippines, 2021
4. Philippines Home Finance Market
5. Banks Competition Analysis, 2022
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bank of the Philippine Islands
- Security Bank
- Banco de Oro (BDO)
- Metro Bank
- East West Bank
- LANDBANK of the Philippines
- Philippine National Bank
- China Bank Corporation
