Property sector seen slowing in 2nd half amid oil, price pressures - BusinessWorld Online

Property sector seen slowing in 2nd half amid oil, price pressures - BusinessWorld Online

By Juliana Chloe A. Gonzales THE PHILIPPINE property sector is expected to slow in the second half as the Iran war, elevated oil prices and persistent inflation raise costs and weaken demand, prompting developers to delay projects and adopt a more cautious approach. Analysts said higher fuel and construction costs, elevated borrowing rates and weaker consumer purchasing power are likely to weigh on residential, retail and hospitality segments th…