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The Role of OFW Remittances in the Philippine Housing Market: Driving Growth and Opportunities

Overseas Filipino Workers play a steady, behind-the-scenes role in the Philippine economy through the money they send home. These remittances reach billions of dollars each year, covering daily needs, tuition, and even longer-term dreams. This financial influx is instrumental in driving growth and opportunities across multiple sectors. OFW remittances hit about $36.1 billion in 2023—nearly 9%…