Philippines property predicted to increase by 10% during 2010
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While the Philippines is a country consisting of over 7000 beautiful tropical Islands. However it is the major city locations like Manila, Quezon City, & Cebu which are benefitting from a consistently growing educated work force especially in the I.T industry and because of this fact a growing number of companies are establishing head quarter, offices and outsourcing work and projects to the Philippines.
as well as some of the attractive island locations like Boracay for example also attract tourists of all kinds from around the world.
Investors who are looking to make capital from Asia property be it commercial, residential and or the touristic property demand have now identified that the Philippines is a very interesting opportunity.
This along side other factors stated in a recent press conference have predicted that the property market in the Philippines will increase by ten percent during 2010.
’Real Estate services firm CB Richard Ellis Philippines sees an uptake in the property market growing by at least 10 percent this year pushed by liquidity, election spending, bank lending and the enactment of the REIT (Real Estate Investment Trust) law.
In a press conference, CBRE Philippines chairman Rick M. Santos, suggested that the growth would be across the board but it would be led by office followed by residential and retail. It was also mentioned that although the growth is office led the tourism sector would also see the development of more hotels and resorts and the emergence of entertainment complexes. <>Source: IRMA ISIP – Property market to grow by at least 10%.
In our opinion it is the touristic property investment opportunities that are attractive to a large number of foreign property investors that are not only looking to make capital gains but also enjoyment from the property they are buying.
An example of this type of Philippines property investment is the Continent Fairways investment opportunity on the tropical Boracay island which is proving to be very popular as the investment privides a good rental guarantee provided by the management company of around twenty percent as well as excellent personal usage, owners can enjoy the property whenever they desire but the amount of usage they have will of course effect the percentage of guaranteed rental income they receive.
Video of Continent Fairways Investment Opportunity
An opportunity like Continent Fairways is attractive as it removes all of the hassle, work, and cost involved in managing and renting the properties for the initial investor. The investors benefit from a high guaranteed rental income as well as usage and the expected capital growth. For more information about Continent Fairways visit www.continent-fairways.co.uk

