The economic slowdown happening right now in China might work in favor of other countries in the Asia-Pacific region particularly here in the Philippines and in the real-estate industry.
This was revealed to us by RE/MAX Philippines President Leonard Campos during the Real Estate Franchising Conference held last Thursday (October 8) at the Fairmont Hotel in Makati City.
Several corporations in China are already pulling off investments and the next logical move is to look for another location within the region. And since the Philippines is viewed by other countries as one of the most promising in terms of economic importance and activities, it will surely get the most attention.
Meanwhile, the fear of an economic bubble or a surge in market prices followed by a sharp drop in value or a crash happening in the Philippine real-estate industry is an unlikely possibility as confidently shared by RE/MAX Region Owner Eddie Santos during the brief situationer report facilitated by hosts David Celdran and Pia Tanjuatco-Trillo.
“Housing is booming in the Philippines and it’s one of the fastest growing countries we’ve seen.” RE/MAX Global Development Director Chip Brekken added during the interview.
Mr. Brekken also added that they are expecting to grow RE/MAX Philippines’ current franchisees to 200 in the next two years and expand operations and offices from NCR to Metro Cebu and Davao with a targeted manpower increase of 2,000 accredited agents by the end of 2018.
Taking into consideration all the encouraging property reports and prospective, the best time to go into the real estate business is probably RIGHT NOW!
For the uninitiated, RE/MAX is an acronym that stands for Real Estate Maximum, a Colorado-based real-estate franchising company founded in 1973 by couple Dave and Gail Liniger. The business revolves around the purchase and rental of privately-owned residential and commercial properties. The company was recognized as the number 1 Real Estate Franchise in the world. It is also the top real estate franchise in Entrepreneur Magazine’s Franchise 500 and the leading real estate franchise on Franchise Times’ Top 200.
This global franchise has over 7,000 offices in nearly 100 countries and over 100,000 agents. RE/MAX entered the Philippine market in 2012 with 20 franchisees and 200 accredited agents at current.
The secret to the success of the RE/MAX system is attributed to three things – Power of Brand, Global Presence and Leadership.
“We have a system that has worked since RE/MAX was founded. It has helped a lot of people to become their own boss and provided them with opportunities beyond making money. We want to inspire more entrepreneurs, especially those who believe in what we do and its power to transform lives,” RE/MAX Philippines Country Manager Michelle Perlas shared during the event.
The RE/MAX Franchise
A RE/MAX Philippines franchise ranges from 450,000 to 880,000 pesos which includes the use of brand, recruitment tools, 24/7 online and live training, marketing support, and technology suites. The basic requirements to get a franchise are the following:
- DTI registration for Sole Proprietorship or SEC registration for corporations
- At least 65 SQM office space
- An Office Manager
- A Licensed Broker
- Sales Agents
“Whether you join RE/MAX as a franchisee or an agent, you are a winner!” said Ms. Perlas.
Go to the RE/MAX Web site (www.remax.ph) to find your perfect piece of real estate or call (63 2) 511-1429 to 30 for more information. Visit also the RE/MAX Philippines head office is located at 25th Floor Citibank Tower II, 8741 Paseo de Roxas St., Makati City, Philippines.