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Why Buy Real Estate in the Philippines NOW?

Avida is the brand name for affordable living communities by Ayala Land Corporation

Avida is the brand name for affordable living communities by Ayala Land Corporation

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I had the opportunity to listen to a recent Scottsdale presentation by an Ayala Corporation Representative Bong Gutierrez explaining “Why buy real estate in the Philippines now?”

At the end of the presentation, I didn’t just get answers to this question, but more compelling reasons to invest in real estate in The Philippines. I am not the type of person who is easily impressed, but the economic signals presented and my last visit to the Philippines strongly indicate that The Philippines is poised for greater heights.

What are these indicators?

1. Language – The Philippines is an English-speaking nation. This means English-speaking foreigners can easily adapt to the country. It is a huge attraction for businesses, business people, their families and friends to relocate and make The Philippines their home.

2. Vibrant and Young Generation – The median age of people living in the Philippines is in their 20’s-30’s. This category of people are on the go, tech savy, explorative, can adapt to changes and best of all has a long life ahead of them. Businesses are always looking for long time and loyal customers and whose referrals can extend to several generations in the family tree and a strong and talented work force to develop the business.

3. Consumer Spending – Filipinos are fun-loving, friendly social people who like to eat, shop and hang out with friends. No wonder the largest malls in the world can be found in The Philippines, including SM Mall of Asia, SM City North EDSA and SM Mega Mall. Filipinos love hanging out at these huge malls. Consumer spending is strong and is fueling the growth of the economy.

4. Population – According to the Philippine Commission on Women,the Philippines is among the most populous countries in the world, ranking 12th globally, 7th in Asia, and 2nd in the Southeast Asia. Its population continues to increase with an annual growth rate of 1.90 percent. Businesses need people to consume their goods or services.

5. Real Estate Value – The price of homes in the Philippines is fairly affordable compared to United States, Europe and neighboring countries like Singapore.
You can buy a property in Cavite for $10,000. A three-bedroom house in Nuvali starts at $98,000.

6. Cheap Labor – Retirees benefit from hiring a private nurse, cook, nanny for a very low price. Medical enhancements such as face lifts are offered at rock-bottom prices. Any form of service is relatively inexpensive compared to other parts of the world.

Economic reports validate these observations. Bloomberg and Forbes Magazine describe The Philippines as a dynamic, robust, young and booming nation.

Finally, CNN Business News reports, “By 2050, The Philippines will leapfrog 27 places to become the world’s 16th largest economy.” This is the biggest jump any country is projected to make by 2050. For a full story of this article go to http://business.blogs.cnn.com/2012/01/12/worlds-top-economies-in-2050-will-be/. The potential for growth is enormous and opportunity to invest is huge.

A leading company that develop commercial and affordable residential developments in the Philippines is Ayala Land, Inc. It is the largest property developer in the Philippines with offices recently opened in California and Arizona. It is owned by the Ayala group of companies.
Avida Land Corp, the name representing multiple condominium and single family detached home projects all over the country won 2 distinguished international awards in 2013. Judge by a panel of international experts, Avida Land received The Asia-Pacific Property Awards for the Highly Commended Mixed-use Development for Avida Towers Riala and Highly Commended Residential High-rise Development for Avida Towers Centera.

Avida condominiums and “house and lot” is projected to appreciated at 7 percent to 11 percent annually compared to United States average annual real estate appreciation of 3 percent to 5 percent. The terms are easier and rental value exceeds your mortgage payment which provides for positive cash flow. As a real estate consultant in Arizona for eight years, having easy terms, steady value appreciation, positive cash flow, booming and vibrant economy, low interest rates are great reasons to buy real estate in the Philippines.

So, if you’re searching for a place to invest some of your hard-earned money, you may want to look into real estate in The Philippines now, before home values become unaffordable.

Contact (480) 650-0075 if you have any questions about this blog or investing in the Philippines.

March 31, 2014 at 12:22 pm 1 comment