Why Invest In the Philippines?

The performance of the real estate business in the Philippines has been consistent since 2011 and is receiving much needed popularity both from the locals and foreigners due to that fact that several real estate companies have been developing remarkable and relevant projects in several parts of the country. Even provincial or non-metropolitan areas are being eyed for more developments with as strong demand for increases year by year. Further, a dramatic increase of foreign investments or expats buying properties in the Philippines have been surging high since last year and is projected to gain more shares compared to the local market.

The real estate industry in the Philippines has been performing well consistently since 2011 and has since gained popularity from both the locals and foreigners as several real estate companies have been emerging with new innovative and anticipated projects all over the country. Projects in provincial or Non-metropolitan locations are garnering high demands by the market as well for infrastructures increases annually. Another notable accomplishment by the Philippine real estate industry is that there had been a great increase of foreigner investments or expats investing in properties in the Philippines during  the past few years and is predicted to have a larger share compared to the local market. The Philippine Real Estate industry is now on a growth trajectory that is expected to compete with other Asian countries such as Singapore, Vietnam and Indonesia. This is the best time for locals and foreigners to acquire more properties and find that right opportunity to make more revenue sooner than expected.

The three factor that may be the reason behind the Philippine Real Estate Industry's strong performance:

1. There is a consistent economic growth.

2. The BPO industry in the Philippines is still growing and expanding.

3. The country offer lower interest rates as compared to other countries.

The rapidly growing Philippine economy sets the context for rising property prices. The Gross Domestic Product (GDP) of the Philippines rose by 7.8% in the first quarter of 2013, with expectations for strong growth for the rest of the year.

A strong business process outsourcing (BPO) sector—which is expected to remain strong in 2014—will drive the real estate industry further up this year. BPO expansion would be among the several factors (the others being the influx of tourist arrivals and the demand for expat housing) that would speed up luxury residential property take-ups. The growth in BPO’s in the Philippines in effect would increase the number of expats in the country which in return create more need for residential facilities. The increasing number of overseas Filipino workers and BPO employees will drive the demand for horizontal developments as well.

Among Asian Countries, the Philippines offers one of the lowest in terms of rental rates. This is a common option for Foreigners since most of the time they opt to have their properties here in Philippines rented for short term or long term lease. The Prices of real estate properties in the Philippines are relatively low when compared to those located in the United States and even among other Asian countries thus making Philippine property investments more attractive since their values are expected to appreciate in years to come. One of the more common practices now is that more Foreigners buys several units of properties on its Pre-Selling stage and sell it once the units have been turn-over.

In short, the real estate in the Philippines is projected to further increase in the coming years.

For more information about this and for a proper consultation on various properties in the Philippines, contact Macoy Garcia at Garcia.macoy.lim@gmail.com or +639178097788