Middle East OFWs seen to lead home buying, says online portal

Published March 21, 2021, 6:00 AM

by Bernie Cahiles-Magkilat

Overseas Filipino workers (OFWs) from the Middle East are the first who are expected to scout for new investment opportunities in the housing sector this year, according to an online home buying platform. 

In a statement, online portal Ohmyhome  said that OFWs who have long yearned to buy housing units back in the country are those from Dubai, Doha, Abu Dhabi and Riyadh. OFWs from Canada, Australia, Singapore and Japan are the next set of buyers. 

“These OFWs and investors may now look forward to the remarkably efficient home buying experience that awaits them,” said the company.

Ohmyhome works directly with developers to find the best offers and secure the best prices in the market. The proptech company will then provide transparent property development updates once the purchase is made.

Ohmyhome also details the journey that prospective buyers will go through when availing of services through the Buying From Overseas page.

First, it has highly trained agents will assist interested investors and consult with an investment specialist to provide buyers with the current market analysis and shortlist properties that meet their needs. Next, through valuation, the property’s market value will be analyzed to ensure that buyers are securing properties at the right price.

After the purchase, Ohmyhome will guide its homebuyers through the next steps of the property journey such as inspection, turnover, and move-in. Even after move-in, Ohmyhome will continue to assist its clients in other possible home services.

Ohmyhome’s Buying From Overseas page can also be visited by foreigners who are interested in owning property in the Philippines. Non-Filipino citizens may buy condominium units via Ohmyhome, as our laws allow for condominium purchases by foreigners. Moreover, there are provisions in the constitution that allow for foreigners’ ownership of real estate in the country.

Additionally, the proptech platform asserts that prospective buyers from Malaysia and Singapore enjoy added confidence as Ohmyhome have offices in these countries.

Finally, buying from overseas is an attractive option at this time when Philippine property developers are offering convenient payment schemes. With Ohmyhome standing ready to assist customers, it’s all systems go for property seekers, wherever they may be.