Housing loans surge on cooling prices, lower rates

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MANILA, Philippines — Home prices in the Philippines climbed in the second quarter, though at their weakest pace in more than a year.

An oversupply of condominium units has weighed down the housing market, prompting developers to offer steep discounts.

As a result, the slower rise in home prices, combined with falling interest rates, appeared to influence market dynamics moving forward.
https://business.inquirer.net/549425/housing-loans-surge-on-cooling-prices-lower-rates

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