Middle East shockwaves hitting property industry–Leechiu

MANILA, Philippines – The interest rate-sensitive real estate industry is facing renewed pressure as the Iran oil shock threatens to derail monetary easing and economic recovery, Leechiu Property Consultants (LPC) warned. In its first-quarter 2026 report, LPC said the Philippine property sector has endured six consecutive crises since 2019 that weighed down the macroeconomy and