The Philippines, Asia property hotspot, is set to increase by 10%
While the Philippines is a country consisting of over 7000 beautiful fantastic Islands. However it is the major populated destinations like Manila, Quezon City, & Cebu which have an ever increasing educated work force especially in the Information Technology skill set and because of this fact an increasing number of businesses are establishing head quarter, offices and outsourcing work to the Philippines.
It is the major areas like Manila and Cebu some of the attractive island destinations like Boracay for example also attract visitors from all over the world.
Investors who are seeking to earn money from Asia property be it commercial, residential and or the touristic property demand have now discovered that the Philippines is an very attractive option.
This along side other factors mentioned in a recent press conference have suggested that the property market in the Philippines will increase by 10% this year.
’Real Estate services firm CB Richard Ellis Philippines sees an uptake in the property market growing by at least 10 percent this year pushed by liquidity, election spending, bank lending and the enactment of the REIT (Real Estate Investment Trust) law.
In the press conference, CBRE Philippines chairman Rick M. Santos, suggested that the growth would be across the board but it would be led by office followed by residential and retail. It was also mentioned that although the growth is office led the tourism sector would also see the development of more hotels and resorts and the emergence of entertainment complexes. <>Source: IRMA ISIP – Property market to grow by at least 10%.
In our opinion it is the property investment opportunities aimed at the tourist market that are attractive to a large number of overseas property investors that are not only looking to make capital gains but also enjoyment from the properties they are buying.
An example of this kind of Philippines property investment is the Continent Fairways investment opportunity on the beautiful Boracay island which has proven very popular as the investment offers a high guaranteed rental income provided by the management company of around 20% combined with excellent personal usage, owners can enjoy the properties as often as they like but the amount of usage they take will of course effect the percentage of guaranteed rental income they receive.
Video of Continent Fairways Investment Opportunity
An opportunity like Continent Fairways is attractive as it removes all of the cost and work involved in managing and renting the properties for the property owners. The investors benefit from a high guaranteed rental income as well as usage and the expected capital growth. For more information about Continent Fairways visit www.continent-fairways.co.uk
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