Final part of an extended series
In the third part of this special report series on the Philippines’ residential real estate sector (“Demand bursting but market tempered by ‘bubble’ fears,” September 12), one of the serious concerns expressed by market watchers was about the rapid growth of “in-house financing.” As a common practice among local property developers, in-house financing provides high-interest credit with less rigid requirements for buyers, as an option to the more conventional mortgage loan through a bank or lending company.
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