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, according to a report by BusinessWorld .
The geopolitical tensions and higher energy prices are expected to push up construction costs and deter potential buyers, leading developers to postpone new launches and adopt a more cautious stance. Analysts noted that rising interest rates could further dampen demand for residential and commercial properties.
Industry stakeholders are closely monitoring the situation, with some predicting a recovery only if oil prices stabilize and inflation eases in the coming months. The sector's performance in the first half had been relatively robust, but the outlook for the remainder of the year remains subdued.