Why Philippines Condos for Sale Are Selling Fast

When you invest in international real estate you need to research trends in the country’s economy so you can determine whether or not you have a chance of earning rental income and capital growth.  This is why the Philippines has become such a popular country for overseas investors to purchase rental properties.  The emerging economy in the Philippines combined with the affordable property prices has turned this place into a gold mine for prospective international investors.  If you are browsing the trends in a number of countries, review the economy in the Philippines to see why Philippines condos for sale are selling quickly.

Manila is the economic center of the Philippines.  With more than 19 emerging business districts, Manila has become the premier place for people to live and work.  New construction projects and commercial projects are opening up jobs for the residents of Manila.  When there are job openings there are prospective tenants who want to rent near their work.  International investors can take advantage of the economic growth in the Philippines by finding quality tenants for their condos.  These tenants are willing to pay higher rents for a short commute, luxury amenities, and convenience.  This is what Manila has to offer.

If you are weighing the pros and cons of investing in Manila you should keep in mind that foreign nationals cannot own land 100% out right. Foreigners can only own a percentage of land as in a condominium which is part of a large development / land that is mostly owned by Filipino nationals. This does not pose a problem for most international investors because condominiums are in high demand and most of the new developments are condos.  Residents prefer condos because they are near the metropolitan area and they are in great condition.

You can expect very high rental yields if you invest in a condo off plan before the construction is completed.  Some developers have achieved 100 percent capital growth by the end of construction with as much as 10 percent capital growth each year after completion of the properties. Tenants rent tends to rise with the value of a property meaning investors who have purchases off plan at much lower prices than current market value can expect rental yields in excess of 10 to 15 percent each year.

Wise investors always do their homework before they invest in any type of property, no matter how inexpensive.  If you have been debating whether or not to invest in a Philippines condos you should take a look at the growing business districts in Manila before you decide.  Review developer projects and prices and make a great and profitable addition to your investment portfolio.

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