Oil prices drop.. will Real Estate business follow?

[Scott Bernard]

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Kaning issue sa worldwide oil oversupply, dili jud ni ma dali2x ug ka resolba. Gahi gehapon ang OPEC nga mo reduce sa ilang oil production.

Question sa mga analysts,etc... Possible ba mo ubos or ma affected ang Real Estate business?

I'm sure ubay2x na ang ne pull out sa ilang pagpalit ug mga units, especially katong mga OFW's nga na affected sa retrenchment abroad.

[kitkabloey]

feel nko di kaau maapektohan ang real estate sa oil prices.. kay lahi ra man siya, di pareha sa trade ba nga kailangan jud ang oil.. but at the same time, ang oil man ang pinaka gamit, so indirectly, maapektohan pud ang real estate..

di ko analyst diayxD
nag mugna2 ra ko~ hehe

[pating]

I'm no expert on economy but to my opinion oil prices rise and fall depending on lots of factors, Oil maybe cheap to this date but for sure on the next month, quarter or next year it will surely rise up again. Land and Real estate continues to climb high and has never had any downward slope. To answer your question, NO. Oil and real estate will never be co-related.

[boski]

base sa storya sa among senior sauna (oil and gas nga field for almost 30 years of expierence)base daw sa iyang experience ang oil and gas mag usab2x jud daw ang economy ana every 5 years

[Scott Bernard]

The rules of the game has changed on the oil and gas industry... 10-20 years ago (the earliest), OPEC rules the prices of oil and dominate even the World Powers and First World Countries because the hold the majority of oil reserves in the universe.

Now, there is an oversupply of oil not because of just one-day glitch calculation, but other countries have their own oil reserves whether in land or oil rigs. Ang tirada nila before, sila ang mopalit sa oil from OPEC and just store the crude oil at their refineries. They have their own oil reserves (like US and Russia) but they hardly sell it to the world market. They were hoping that when OPEC fails, they have enough reserves to control the oil and gas industry to dictate the market.

Nalingaw ko ug subaybay sa balita about aning ilang standoff sa oil. Saudi and Iran stood firm in their decision nga bahala nag mo "super drop and dive" ang presyo sa crude oil, dili sila mo reduce sa ilang production.... Alkanse kuno sila... mo reduce or shut down sila, pero ang World Powers mamaligya sa ilang ge stock nga crude oil / fuel...

"Is this a joke?" matod pa sa Saudi official (Minister on Oil man siguro to or something. )

This is unlike other issues that we have faced before.... There is an OVERSUPPLY of OIL in the world, then no one will cooperate to bow down and reduce their production.

[bim27142]

huwat lang kung mo abot ang property bubble... sa manila hapit naman kuno... in fact, residential-wise, mas barato ang abang/presyo sa manila compared to cebu...

[Scott Bernard]

huwat lang kung mo abot ang property bubble... sa manila hapit naman kuno... in fact, residential-wise, mas barato ang abang/presyo sa manila compared to cebu...

It's true, especially katong mga nearby areas like Cavite and Laguna. Mas barato pa gani ilang mga readily available units kaysa diri cebu (what the!).

[hush232002]

sa pinas dili. sa oil producing countries nga way mo palit sa ila oil bisan unsa ka barato ila baligya maa apektaran ang real estate.

[gerard]

murag gahi na mapiktahan ang real estate prices labi na sa cebu area cg lang ga saka murag
way utlanan nga hagdanan, ambot nganu pod mahal naman kaayo na rn.

[Bears Grill]

The answer is: it depends. It depends on what percentage of the demand in Real Estate is from Middle East-based OFWs. If it represents a big chunk of the pie, then a huge OFW repatriation due to retrenchments MAY dampen demand. Even in that event, if it doesn't result in a sell-off, the prices don't have to go down; it will just stagnate for a while. If it results in a sell-off where owners are desperate for cash, then it becomes a buyer's market.