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 city locations 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 setting up office and outsourcing work and projects to the Philippines.
It is the major areas like Manila and Cebu some of the popular island locations like Boracay for example also attract visitors from all over the world.
Investors who are seeking to make capital from Asia property be it commercial, residential and or the touristic property demand have now identified that the Philippines is a very interesting opportunity.
This among other points mentioned 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 overseas property buyers that are not only looking to make capital gains but also enjoyment from the property they are buying.
An example of this type of Philippines property investment is the Continent Fairways investment opportunity on the tropical Boracay island which is proving to be very attractive as the investment privides a high guaranteed rental income provided by the management company of around 20% as well as excellent personal usage, owners can enjoy the property whenever they desire 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 investment property like Continent Fairways is attractive as it takes out all of the hassle, work, and cost 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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