Why International Investors are Attracted to Manila Property
The Philippines is a flourishing country that continues to evolve and advance. With a high standard of life, good healthcare service, and a long life expectancy, the Philippines provide opportunities to both residents and investors. If you are a real estate investor and you are taking into account the benefits of investing in real estate overseas, think about the benefits of investing in Manila property. With a growing economy, the need for Manila property has increased substantially. This rising demand and the limited supply create the opportunity for both rental yields and capital appreciation for the foreseeable future.
How Ascendant Demand Has Impacted Rental Yields and Capital Growth Opportunities
In the Philippines, global investors can own condominium property but they cannot own land outright, they can only own 40% of a plot unless their business partner or partners spouse is a Filipino national. This is why Manila condos are the most appealing for international investors. Most Manila properties are either condos or apartments. This means that international investors can legally acquire these properties and benefit from good rental income and capital growth as the Philippines economy continues to grow and especially in Manila.
A range of products are exported from the Manila each day. These goods include textiles, electronics, plywood, sugar, and beverages. The revenue made from exporting ensures a constant flow of money and has grown the amount of wealthy and affluent people in popular areas like Manila. When you invest in a luxury condo or apartment, you can expect rental income as high as 14 percent. Most people who are new to the Philippines will rent a Manila property before they buy. This means that the demand for rental units will stay strong providing the economy is successful.
A Splendid Standard of Living
When some investors think of buying properties overseas they might imagine investing in a property that is very basic especially if they are a new time investor or have a small budget. However most new residential developments targeted towards the overseas investor market in Manila property is elegant, modern, and packed with facilities. Some of the most sought after districts in Manila include Eton Bay Park, Kalaw Street, Rockwell, Manila Bay, Rockwell, Manila Bay Rizal Park, Acqua Private Residence, Ayala land, and Trump Tower Manila. Unfurnished properties begin at £28,000 and according to Liam Bailey Head of International Research properties are “set to double in value in the next 2 to 4 years.” With so much growth possibilities, some lenders in the Philippines are very happy to lend money for investing, to the right individuals or businesses of course.
Not all overseas investment opportunities are sensible. When you select to invest in property overseas you must checkout market trends, average rental yields, the economy, and reported capital appreciation. Review the benefits of investing in Manila property and benefit as the economy continues to grow.