Where is the Best Place to Invest in Philippines Condos
If you are thinking about property investment or are a professional investor already then consider attractions of investing in Philippines property you should analysis past and current economic trends especially business growth in Manila, the capital city if the Philippines.
With a number of different business districts within Manila and more on the way, the Philippines has evolved into a prosperous country with a lot of potential for overseas investors. The fast growth in Bonifacio Global City and other business areas like Rockwell and the Century City the flagship development of Century Properties is attracting both commercial and residential property investors who want to purchase condos for sale in the Philippines.
Prospective investors should research different business districts, try and work out the best areas to invest in, and why these areas are attractive to residences to make a well-educated investment decision.
Read this article and discover why Manila property has been called a gold mine for overseas and domestic investors.
Why are Philippines Property Developments Different
Many of these Philippines property developments and relatively new, they are strategically designed and located and take inspiration from successful international property developments and business hubs, learning from the experiences of these. The residential buildings are located near the central business districts, schools, shopping, leisure, and transport with excellent infrastructure so that residents have easy access to everything they require, as well as being very close to their work place.
Today the demand for good residential properties and condos in the areas near more so and in the key business districts like Makati is extremely high. This is partly because of the high increase of BPO (Business Process Outsourcing) and International companies setting up office in Manila to expand business in the Philippines and to reach the massive ASEAN market. The growing business activity is constantly bringing more people into the region and boosting the local economies.
The important aim for most investors is to make a good return on investment. Investors can achieve this couple of ways when you purchase a condo in the Philippines. You can rent the condo and earn a regular rental income. Investors can also keep the property for capital gains each year, and if an investor purchases off plan they will normally acquire the property below market value or receive a percentage discount as well as an uplift in the property’s value during the building phase of the development.
According to Philippines property experts, “Philippines property currently appreciates at an average of 10 percent per year.”
According to the Philippines property experts at Experience International rental yields for quality Philippines condos in Manila are around 10% and capital growth is about 20% each year. Also some developers like Century Properties for example experienced 100% uplift in property values over the building of the properties in their recently completed developments.
After the recent 2007 economic turmoil in the western world overseas property investors are now even more careful with when entering new markets and opportunities.. Research the market in the Philippines and the economic growth factors, specifically in Manila and different investment opportunities and developments that are being built to choose condo residents will be excited to live in and feel confident in the knowledge you have done the necessary research and work to give your investment the upmost chance of success.