With the current global economic crisis, the local real estate sector is also experiencing a bit of a slowdown but according to experts it will eventually pick up.

According to Francisco Licuanan, one of the real estate icons in the Philippines, this is the right that people should be buying properties. He also said that the middle income group, aside from being the largest group in the economic stratosphere, is not that much affected compared to the higher income group.

Licuanan, also the CEO and Chairman of Geo Estate Development Corp, he believes that smaller organizations like them can focus on the largest market, which is the middle income group. Right now, they are planning to build a residential subdivision in Cavite.