Why is philippines property investment so attractive
February 14, 2009 at 4:36 pm (Travel and Leisure)
A beautifully stunning, rich in culture with a warm and friendly people the Philippines
Today the Philippines is a politically stable country with a growing economy, a booming tourism industry and a selection of very good property investment for foreign buyers.
The Philippine economy is well positioned to weather the global economic downturn whose effect on the Philippines property market is likely to be subdued because the economy is expected to remain resilient while the property market is exhibiting prolonged growth as the current circumstances have created an ideal environment for a sustainable capital growth because of significant demand and still affordable property.
The Philippines strong and growing economy combined with superb natural attractions, environment and sunny climate, stunning landscapes, beautiful beaches and numerous recreational facilities make the country a very desirable destination for both property investment & tourism.
The country is made up of some 7,000 islands situated in Southeast Asia in the Western Pacific, east of Vietnam and north east of Malaysia between the Philippine Sea and the South China Sea.
However most of the people live on just 11 of the islands. The most populated islands are Luzon, Visayas and Mindanao which are mountainous as well as forested.
It is the Tourism industry that is helping drive the Philippines property market as the country received 3.5 million arrivals in 2008 a record year; this number is predicted to continue to grow as a lot of well off people for Asia are attracted to the Islands beauty and peaceful tranquillity. A lot of these visitors are looking to purchase property and of course the residential tourist resorts have to be built and invested in to accommodate for the high and growing demand from overseas visitors.