The Philippines is a prosperous country that continues to develop and advance. With a high standard of living, quality healthcare system, and a long life expectancy, the Philippines offer opportunities to both residents and investors. If you are a real estate investor and you are considering the advantages of investing in properties overseas, consider the advantages of investing in Manila property. With a growing economy, the need for Manila property has grown substantially. This growing demand and the limited supply create the opportunity for both rental yields and capital growth over the years. Do your homework and make a wise investment that can bulk up your investment portfolio.
How Growing Demand Has Affected Rental Yields and Capital Growth Opportunities
In the Philippines, international investors can own property but they cannot own property unless their spouse is a citizen. This is why Manila property has become so attractive to overseas investors. Most Manila properties are either condos or apartments. This means that international investors can legally purchase these properties and either their piece of income as the economy continues to grow in Manila and throughout the country.
Various products are exported from the Manila every day. These goods include plywood, sugar, textiles, electronics, and beverages. The money earned from exporting ensures a constant flow of money and has increased the number of wealthy and affluent people in major areas like Manila. When you invest in a luxury condo or apartment, you can expect rental yields 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 available units will stay high as long as the economy is prosperous.
A Great Standard of Living
When some investors think of buying properties overseas they imagine investing in a property that is very basic. Manila property is elegant, modern, and packed with amenities. Some of the most sought after districts in Manila include Rockwell, Manila Bay, Eton Bay Park, Kalaw Street, Rizal Park, Acqua Private Residence, Ayala land, and Trump Tower. Unfurnished properties start 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 potential, lenders in the Philippines are practically throwing out money for lending.
Not all overseas investment opportunities are wise. When you choose to invest in property overseas you must research market trends, average rental yields, the economy, and reported capital growth. Review the benefits of investing in Manila property and profit as the economy continues to grow.