Transactions in the country’s real estate market are dominated by local players due to the structural shortage of suitable investment products weighing on foreign parties, according to a report by KMC Mag Group.

In the report, it was noted that the volume of property-related transactions made in the previous year increased by more than 20 percent to P79.9 billion, driven by growing occupier demand from the offshoring and outsourcing O&O sector.

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