Weaker peso to impact property market –JLL analyst

The continued weakening of the Philippine peso may dampen demand from local real estate buyers and investors, although it may attract foreign buyers into the country, a property analyst said on Monday.

In a text message to the Manila Times, Jones Lang LaSalle head of research, consultancy and valuation services Claro Cordero Jr. said the continued weakening of the Philippine peso against the US dollar “can negatively affect the local buyers and investors.”