Asia property hotspot the Philippines is predicted to increase by 10%
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While the Philippines is a country consisting of over 7000 beautiful fantastic Islands. However it is the major city destinations like Manila, Quezon City, & Cebu which are benefitting from a consistently growing educated work force especially in the Information Technology skill set and because of this fact a growing number of businesses are establishing head quarter, offices and outsourcing work to the Philippines.
as well as some of the popular island destinations like Boracay for example also attract visitors from all over the world.
Investors who are looking to make capital from Asia property be it commercial, residential and or the touristic property demand have now identified that the Philippines is an very attractive option.
This among other points stated in a recent press conference have suggested that the Philippines property market 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, said 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 many foreign property investors that are not only looking to make capital gains but also enjoyment from the properties they are investing in.
An example of this kind of Philippines property investment is the Continent Fairways investment opportunity on the tropical Boracay island which has proven very popular as the investment offers a good rental guarantee provided by the management company of around twenty percent as well as excellent personal usage, owners can enjoy their properties whenever they desire but the amount of usage they have will of course be taken from the amount of rental income they receive.
Video of Continent Fairways Investment Opportunity
An investment property 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
Tagged with: asia • investment • philippines • property • Real Estate
Filed under: La Jolla San Diego
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