Property in the Philippines predicted to increase by 10% during 2010
March 14, 2010
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 a consistently growing educated work force especially in the Information Technology skill set and because of this fact an increasing number of companies are setting up office and outsourcing work to the Philippines.
It is the major areas like Manila and Cebu some of the popular island destinations like Boracay for example also attract tourists from all over the world.
People who are looking to earn money 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 along side other factors stated in a recent press conference have predicted that the property market in the Philippines will increase by 10% during 2010.
’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 a 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 touristic property investment opportunities 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 type 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 good rental guarantee provided by the management company of around 20% as well as generous personal usage, owners can enjoy the properties whenever they desire but the amount of usage they take will of course be taken from the amount of rental income they receive.
Video of Continent Fairways Investment Opportunity
An opportunity 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 initial investor. 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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