Property in the Philippines – An investment not to be overlooked

by Charlotte Ashton

 

According to latest figures released by The Global Property Guide the Philippines has ranked an impressive third place as a destination in which to invest in property with annual yields quoted at 10.99%.
 
Located in south east Asia, the Philippines has succeeded in beating off most other global property markets ranking third only to Peru and Indonesia with the impressive 10.99% annual yields being calculated on average yields for 120 sq m properties. 
 
So why are investors flocking to the Philippines?
 
  1. Rapidly developing nations such as China are located close by and with new direct flights being regularly introduced the Philippines is becoming a tourist retreat for Asian nationals
  2. The Philippines economy is enjoying a boost as the nation becomes a preferred business outsourcing base particularly for offshore call centres.
  3. The Philippines government is taking a long term view towards economic growth and stability with foreign direct investment encouraged and improvements to internal infrastructure underway.
  4. The close regulation on land use should ensure that this country remains unspoiled and never become a Costa del Sol horror story.
  5. The cost of purchasing property is relatively inexpensive compared to the West.
 
 
Steven Worboys, Managing Director of Experience International which specialises in emerging real estate, comments:
 
 “We are finding a more discerning purchaser considering the Philippines. Thailand and Malaysia have always been popular locations for investors in South East Asia but value for money and guaranteed rentals in the Philippines has encouraged a great deal of interest to these relatively unknown cluster of islands. 
 
“The Philippines is becoming a very popular tourism destination with the Australian market due to its proximity and has always been a hotspot for the American tourists however the expatriate community based in south east Asia are now visiting in their droves and often purchase their very own a slice of paradise”.
 
Experience International has a number of stunning developments available in the Philippines, with the popular Continent Fairways resort being located in the Boracay Bay area where the newest 5 star Shangri La hotel has just opened. Investment is from as little as £26,000 / $42,900 and 60% non-status finance is available.
 
For more information contact Experience International on 0207 321 5858, visit http://www.experience-international.com/country/philippines/development/Boracay-property or follow us at www.twitter.com/experience_int.