Philippine Investment Properties

PHILIPPINE INVESTMENT PROPERTIES

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Why Invest In The Philippine Real Estate Market?

Over the years, the Philippine real estate market has never been more vibrant as it continuously soars high-driven by the country’s bullish economy and strong investment inflows which triggers a positive ripple effect across all property sectors. Hence, it would come as no surprise that real estate investment is still one of the best opportunities available, and now is the best time to get involved.

So if you’re thinking of a good investment for your future? Here are the top reasons why you should invest in real estate now rather than later.

1. When there is stability, there is an opportunity The Philippines remains bullish on its long-term economic growth driven by broad-based domestic expansion allowing it to be Southeast Asia’s FASTEST-GROWING economy. With increasing urbanization, a growing middle class, and a large and young population, the Philippines’ economic dynamism is rooted in strong consumer demand supported by a vibrant labor market and robust remittances. Business activities are buoyant with notable performance in the services sector including business process outsourcing, real estate, tourism, and finance and insurance industries. Sound economic fundamentals and a globally recognized competitive workforce reinforce the growth momentum. Having sustained average annual growth of 6.4% between 2010-2019 from an average of 4.5% between 2000-2009, the country is on its way from a lower middle-income country with a gross national income per capita of US$3,850 in 2019 to an upper middle-income country (per capita income range of US$4,046–$12,535) in the near term.

2. Strong Economic Indicators With the current administration’s ambitious “Build, Build, Build” program, which is expected to accelerate for the following years. Thus now is the great time to invest in real estate while taking advantage of this Golden Age of Infrastructure. This means that most projects are still within your budget and you have plenty to choose from. The good thing about this is that if you invest now, its value is bound to grow thus making your investment worth it.

3. Low-Interest Rates The low bank interest rates will continue to encourage affluent people. It opens opportunities to take out their savings and wisely use credit to real estate investments with stable rental incomes as well as good prospects for value appreciation.

4. Urban Renewal Since there is a limit in developing land in major areas like Metro Manila, urban renewal and developments have gradually moved out to other provincial places. The country’s increasing population growth combined with a resilient economy means that there is a continued need for the major urban centers in Manila as well as big regional cities to undergo renewal and redevelopments to better cope with the subsequently increasing real estate demands. Hence, these urban renewal initiatives will open up more real estate investment opportunities for both local and foreign buyers that you might want to.

5. Tourism-driven demands With the growing number of tourists, boosting the interest of many expatriates whether they choose to live, to work, do business or just enjoy the warm atmosphere of the Philippines, highly benefits the real estate market with higher demand of accommodations. As many ex-pats still choose to live in a larger home for convenience and location, makes renting increasingly popular.

6. Innovative and well-financed developers Today, most real estate developers in the country are financially richer and innovatively competitive. Most developers innovate trendy concepts that could help investors generate their investment which hassle-free maintenance. This will start an era of innovative real estate projects that are foreseeable to attract discerning clients looking for perfect investments to grow their wealth.

The longer you wait, the less financial gain you have. With the robust economic and political sway, low interest rates, urban renewals, and well-financed developers, it is no doubt that it indicates an era that has never been this productive. What are you waiting for? Contact the Filipino Homes Agent nearest you

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