Philippines real-estate growth in 2006 was an all-time high

MANILA — The Philippine real estate industry continued its outstanding performance with a significant rise of 17.1 percent (at constant price) in Gross Value Added (GVA) in 2006, the highest annual growth achieved since 1967. The 2006 growth, an acceleration from its 15.4 percent performance in 2005, surpassed the high 16.1 percent growth recorded in 2004. Level-wise, real estate GVA at constant prices reached Php 14.3 billion in 2006, higher than Php 10.6 billion and Php 12.2 billion recorded in the years 2004 and 2005, respectively.
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