Market Research Report Filipino Classified Ads site,Job Posting Philippin | Page 16

April 2017
Philippines Online Classifieds Market Outlook to 2021
WHAT IS THE ROLE OF ONLINE REAL ESTATE CLASSIFIEDS MARKET IN
PHILIPPINES ONLINE CLASSIFIEDS MARKET?
There was a shift in the preferences of
consumers on exploring information on real
estate through classifieds or finding brokers
online from the traditional ways due to rise in
internet penetration in Philippines which grew
from ~% in 2011 to ~% in 2015. In 2012, the
country’s growth in third quarter was ~%. It
was driven by service sector which was partly
fueled by real estate. Philippines Online Real
estate accounted for USD ~ Million which was
~% revenue of all the online classifieds in 2016.
Table: Philippines Online Real Estate
Classifieds Industry Market Size on the Basis
of Revenues in USD Million and Listings in
Million, 2016
Recruitment Classifieds Market
2016
Revenues in USD Million
~
Total Listings in Million
~
Residential property listings has majorly
dominated the market of Online Real Estate
Classifieds in Philippines with the share of ~
% in 2016 majorly due to increased buying and
selling of low cost and affordable housing
segments
Table: Philippines Online Real Estate
Classifieds
Segmentation
by
Sector
(Residential, Commercial and Others) on the
basis of Number of Listings, 2016
Number of
Segments
Listings
Residential property
~
Commercial and Industrial
~
property
Others
~
Advertisements have majorly dominated the
market of Online Real Estate Classifieds in
Philippines with the share of ~ % in 2016 due
to greater reach and visibility for the prospect
buyers through the banners available on the
portals.
Sale listings have majorly dominated the
market of Online Real Estate Classifieds in
Philippines with the share of ~ % in 2016
followed by Rent listings (~ %).
Table: Philippines Online Real Estate
Classifieds Segmentation by Online Real
Estates Classifieds Market Segmentation by
Type of Property (Sale and Rent) on the basis
of Number of Listings, 2016
Number of
Segments
Listings
Sale
~
Rent
~
Total
~
The major companies operating in the segment
are Olx, Myproperty, Property24, Lamudi,
Zipmatch and others.
Table: Philippines Online Real Estate
Classifieds Market Segmentation by Major
Companies on the basis of Number of
Listings, 2016
Segments
Percentage
Locanto
Olx
Myproperty.ph
Lamudi.com.ph
Property24.com.ph
Zipmatch
Others
Total
~
~
~
~
~
~
~
~
The Philippines online real estate market will
grow at a CAGR of ~ % during 2016 to 2021.
The market is expected to increase owing to
the growing number of residential and non-
residential properties and increasing number
offices and restaurants in the country. Other
reasons include expansion of industrial hubs,
public construction and private construction
and demand of property by Filipinos
migrating to metro regions.
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