PLC Global says that investments in buy-to-let properties or condo hotels in the Philippines have grown by 29% in the last three months. This makes them the second most popular way for people to invest, after their own homes.
Beth Collingz, Global Marketing Director of PLC International Marketing Networks, a company that specialises in Condo Hotel or Condote Sales and Marketing in the Philippines, says, "The UK Savings and Investments index clearly shows that UK savers prefer to invest in bricks and mortar, and more and more investors are moving offshore to take advantage of the much cheaper prices in the Philippines and high rates of rental returns as room rates in Metro Manila and Cebu continue to rise."
The Philippines, which is in Southeast Asia, is one of the few fully democratic countries where most people speak English. It gets a lot of foreign direct investment and billions of dollars from Filipinos who live abroad. Based on these facts, the report says that the Philippines housing market is likely to get better and better over the next ten years. Anyone who invests now could make up to 400% on their money in the next ten years.
Since mid-range condominium developments in the Philippines can be bought for as little as 25,000 GBP, there is plenty of room for property prices to go up. The Philippines' low starting prices for real estate also mean that its property market is already getting a lot of attention from international real estate investors.
Investors from all walks of life are drawn to the Philippines. Those with a small amount of money to invest are looking to make quick money by buying pre-construction condos in Metro Manila. These condos can be bought in stages, and investors can make money when the condos are finished and put back on the market. People who have a lot of money to invest tend to be interested in either the Condotel Investment property market in Manila or the growing tourism market in the Philippines.
There are opportunities in the tourism market of the Philippines along the country's beautiful but still undeveloped coastline and in the country's high-quality but still little-known beach resorts. Tourists need places to stay in these areas, and more and more British people are looking for second homes in these areas of Cebu, Philippines. Most of them prefer to buy Condotel or Fully Managed and Operated Condo Developments, where they can rent out their units when they're not using them.
Pacific Concord Properties, Inc.'s Flagship Lancaster Atrium Suites Condotel [Manila], which is located along Shaw Boulevard in Mandaluyong City, Metro Manila, is one of the hottest Condotel Investments in the Philippines. Property investors will get projected Rental Incomes on their units of up to 16 percent per year once the project is fully operational in 2010.
Condotel Studios, One-, Two-, and Three-Bedroom Suites are currently available to International Standard Property Investors in the second tower, which will be called Lancaster Atrium. This tower will be next to the "Sold Out" Tower I. "Buyer Safe" is an Escrow Trust Account. Easy and Secure Payment Plans...with 6 year interest-free payment terms or up to 12 year no prequalification "In-House" financing (available to all overseas buyers), full condo ownership, no management costs for Condotel Suites, no enrollment fees for joining the Condotel Rental Pool, and minimum monthly maintenance fees, as a buyer or seller of real estate, you really should take a look at this Philippine Condotel Investment Opportunity.
Beth Collingz of PLC International Marketing Networks, a Lead Marketing Partner with Pacific Concord Properties Inc., which has Condotel developments in Metro Manila and Cebu and specialises in working with international clients, says: "My phone has been ringing off the hook with people from the UK, Scotland, and Australia who want to buy homes here as investments or vacation homes. A lot of this interest is due to the relatively low market prices in the Philippines compared to Europe, especially UK housing prices, and the easy payment options for our Condotel Developments, where they can use the Condo for vacations and rent it out through our In-House Condotel Management, gaining rental incomes that on today's purchase prices, give a projected ROI of 12–16% depending on mode of payment for purchase "he unit"
Beth Collings
Director of PLC International Marketing Networks
