Results of the latest Family Income Expenditure Survey (FIES) show that the average Filipino “middle class family” earns a monthly income of P36,934 or P443,208 per annum. On the other hand, the average annual expenditure of each family, at current prices, amounts to P176,000. Food expenditure eats up the biggest slice of the income pie followed by other equally important expense items, such as housing, furnishing, health and transportation, and communication.
In recent years, more Filipinos are encouraged to buy a property instead of renting due to low interest rates, affordable housing pay schemes, and abundance in supply of residential units. BFS, the mortgage servicer for a portfolio of 52,000 highly delinquent loan accounts from the NHMFC, makes owning a home a reality for regular middle-income Filipino families.
Source: http://www.foreclosurephilippines.com/2013/09/bfs-own-your-home-instead-of-renting.html#ixzz2fvNx0FmQ
Own Your Home Instead Of Renting
No comments:
Post a Comment