UK Property Investors opt for Philippine Condotel Investments
Investments in buy to let properties or Condo Hotels in the Philippines have actually increased in popularity by 29 per cent during the last 3 months, making it the second most popular investment car behind customers’ own homes, according to PLC Global.
Beth Collingz, Global marketing Director of PLC International Marketing Networks, a company focusing on Condo Hotel or Condote Sales and Marketing in the Philippines, remarks: “The UK Savings and Investments index plainly shows that the UK saver prefers to purchase bricks and mortar and increasingly more investors are moving offshore to make the most of the more affordable rates in the Philippines and high rates of rental returns as room rates in Metro Manila and Cebu, two major Cities in the Philippines, are not much less than rates charged for rooms in Europe making the Philippines purchase to let homes a perfect residential or commercial property investment”.
The Philippines, located in Southeast Asia, is among the few fully democratic nations with a primarily English speaking population taking advantage of significant foreign direct investment and billions of dollars in remittances from overseas Filipinos. According to the report these facts imply that over the coming decade the housing market in Philippines will likely go from strength to strength and anybody who invests now could net up to 400% earnings on their financial investment in the next 10 years.
, the space for home rate growth is clear. The low starting rates for genuine estate in the Philippines likewise mean that its property sector is currently bring in considerable worldwide real estate investor interest.
Investors from all backgrounds are attracted to the Philippines – those with a little sum of money to invest are aiming to make instant gains from purchasing Condos in Metro Manila preconstruction which can be acquired by phase payment and profited from upon completion when financiers are turning the real estate right back into the market. Those with more significant amounts of cash to invest are generally drawn to either the Condotel Investment property sector in Manila or the Philippines burgeoning tourist market.
Opportunities in the Philippines tourist market exist along the nation’s spectacular and yet undeveloped coastline and also in the Philippines quality but as yet little known beach resorts. Accommodation in these locations is needed to let out to travelers and a growing variety of British residents are likewise looking for second homes in these locations of Cebu, Philippines also, with a lot of preferring to purchase Condotel or Fully Operated and managed Condo Developments where a rental income can be acquired when not using their units.
Pacific Concord Properties, Inc., Flagship Lancaster Atrium Suites Condotel [Manila] development located along Shaw Boulevard, Mandaluyong City, Metro Manila, is one of the hottest Condotel Investments in the Philippines where home investors, apart from property appreciation initially reckoned to be 100% for early financiers, will get projected Rental Incomes on their systems of approximately 16% per annum once fully operational from 2010
, complete condo ownership, no management expenses for Condotel Suites, no registration charges for signing up with the Condotel Rental Pool, and minimum regular monthly upkeep costs, as buyers or sellers of Real Estate you actually need to take a moment to look at this Philippine Condotel Investment Opportunity
According to Beth Collingz, of PLC International Marketing Networks, a Lead Marketing Partner with Pacific Concord Properties Inc., whom have Condotel developments in Metro Manila and Cebu, and specializes in working with global clients: “My phone has been really hectic with buyers from the UK, Scotland and Australia interested in purchasing financial investment residential or commercial properties and vacation homes here. A great deal of this interest is being driven by the relatively inexpensive market value in the Philippines compared to Europe, particularly UK Housing costs, and the simple payment choices offered for our Condotel Developments where they can utilize the Condo for holidays and rent it out through our In-House Condotel Management consequently acquiring rental earnings that on today’s purchase prices, provide a forecasted ROI of some 12-16% depending upon mode of payment for the system”
Beth Collingz
Director – PLC International Marketing Networks
, the room for property cost expansion is clear. The low starting prices for real estate in the Philippines also indicate that its property sector is already bring in significant global genuine estate financier interest.
, complete condominium ownership, no management expenses for Condotel Suites, no registration charges for signing up with the Condotel Rental Pool, and minimum monthly maintenance costs, as buyers or sellers of Real Estate you actually ought to take a moment to look at this Philippine Condotel Investment Opportunity
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