Reverse migration boosts Davao residential market

A reverse migration trend will boost the Davao residential market as people are moving back to the city, encouraged by its economic growth in the recent years, a Davao-based developer said.

“What we’ve seen over the last couple of years is that there’s been kind of a reverse migration back into the provinces, at least that’s what we’ve personally seen in Davao,” Damosa Land Inc. Vice President Ricardo Floirendo Lagdameo told reporters in a recent interview.