Firm sees sustained recovery for PHL real estate sector

T C T cials of a real estate brokerage fir in the country is opti istic of the continued growth of do estic real state sector given the reopening of the econo y and the private sector s low debt level.

eechu roperty Consultants C chief executive o cer C avid eechiu said prices are rising a id the uptrend of interest rates but de and for o ce and residential spaces re ained high.

esults of the fir s iddle of ece ber 2 22 study show that o ce de and so far this year reached , s uare eters s , exceeding the co bined de and in the past two years at 38 , s in 2 2 and , s in 2 21.

ulk of the de and ca e fro the infor ation technology-business process anage ent T- sector at 66, s given the hybrid work set-up.

ith the return-to-work policy expected in 2 23, the study indicated that resu ption of 1 percent o ce work for the T- sector alone would re uire an o ce space de and of around 3, s .

The fir said a 21 , s of live re uireent fro the T- sector is already visible to date. n ter s of the i pact of the rising interest rate, C irector for esearch and Consultancy oy ole said property developers are ore affected than the custo ers because the latter are given longer pay ent ter s to cushion the i pact of the higher rates. t s ore on the developer side where we will be seeing a higher i pact of these interest rates as logistics in ation and interest rates i pact on the construction cost when delivery these products, especially when the prices would have been fixed today and the construction for a certain building will be over a period of four years, aybe even five years. he said during the sa e briefing. eechiu further said the real estate sector re ains robust despite several econo ic crisis in recent years and its i pact on prices. e said any people who own properties are strong handed.

That s a testa ent to the high savings rate and the low debt levels in the private sector. nd that s why, despite all these ra ping up of interest rates, it not really caused uch havoc in the property sector as far as capital values are concerned, he said.

Are you living paycheck to paycheck and finding it hard to save money?

f you are struggling every week to wait for the next paycheck to co e so you can pay your bills, you should know that now is the ti e to ake so e changes to your finances . f you fre uently have to borrow oney fro friends or relatives, take out payday loans or cash advances, or use your credit cards to cover your expenses until your next payday, then you re living paycheck to paycheck.

ro y survey and due to the recent reat ecession we all ust went thru 6 -6 of workers say they live paycheck to paycheck. The nu ber is significantly higher than last year when of workers reported living paycheck to paycheck.

The proble with living paycheck to paycheck is that you re susceptible to financial da age. t s too easy to rack up your cards and debts but very di cult to pay down your loans. . efore you know it, you won t be able to afford your ini u pay ents and you won t be able to borrow ore oney to ake ends eet.

ow to top iving aycheck to aycheck ostly everyone will tell you to start to budget and keep your spending records in order for you to know where all your oney is going, that is easier said than done, if fact have even told people to do budgets but now reali ed that it s not enough. n average fa ily of needs to have an inco e of about 6- to live co fortably a onth, a retired couple with no kids needs at least 3 . to live co fortably a onth, usually without the perks of private schools and lavish yearly vacations, an average person expenses will be at a ini u of 1 . a onth net. believe ost of you will agree with e on this.

o, believe you have to first change your attitude about oney. et goals for aterial things that will be resalable in the future in case you need oney. nough furniture and clothes that you already have too uch of. e frugal in shopping for your food and daily activities.

Cut your expenses. nce you see where oney is leaking, you can start plugging the cracks. This process ight re uire so e lifestyle changes. or exa ple, if you re used to buying a latte every orning before work 1 a onth , you ay have to start aking coffee at ho e 2 - 2 a onth , or going without coffee co pletely. ou ight have to get rid of the expensive cable package, because if you re living paycheck to paycheck, you really can t afford it. ost i portantly ncrease your inco e. ncreasing your inco e isn t always a possibility, but there are options outside getting a raise. f you typically get a tax refund, you ay be able to change your tax withholding and get ore oney in your paycheck each onth. f course, that will ean you get a lower refund if you get one at all , but you ll have ore oney to use during the onth. ou ight also consider working part-ti e or aking oney on the side with a hobby. eware aking ore oney won t always solve your paycheck to paycheck proble .

have spoken to a lot of y readers aking six figures a year but still can t save oney, so does that ean they are also living paycheck to paycheck. ort of, if you don t have savings, that eans you re not secured in case of an e ergency. hat a trying to preach here is that you have to be able to save for opportunities, this past year when ho e prices were at its lows. here you able to take advantage and aybe invest in a ho e or a rental property. hen stock prices where at its all ti e high, where you able to invest in a retire ent account for your future.

strongly suggest that you change your attitude towards oney and start to see it as a vehicle for your financial freedo in the future. sure do believe that we cannot rely on the govern ent for our retire ent let alone our financial freedo . Thanks for this very interest in uiry fro an avid reader. lease call en o of 1st nnovative inance roup at 628- 8 or write to kennethgo veri on.net.