asia
The Philippines, Asia property hotspot, is set to increase by 10%
The Philippines is made up of over 7000 beautiful tropical Islands. However it is the major populated locations like Manila, Quezon City, & Cebu which have an ever increasing educated work force especially in the I.T industry and because of this fact an increasing number of businesses are establishing head quarter, offices 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.
People who are seeking to make money from Asia property be it commercial, residential and or the touristic property demand have now discovered that the Philippines is a very interesting opportunity.
This along side other points stated in a recent press conference have suggested that the property market in the Philippines will grow by ten percent 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 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 appealing to many foreign property investors that are seeking both financial gains and enjoyment from the properties they are buying.
An example of this type of Philippines property investment is the Continent Fairways investment opportunity on the beautiful Boracay island which is proving to be very popular as the investment privides a high guaranteed rental income provided by the management company of around twenty percent as well as generous personal usage, owners can use their 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 cost and work 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