The Advantages Of Investing In Manila Property
The Philippines is a prosperous country that continues to evolve and advance
. With a good standard of life, good healthcare system, and a long life expectancy, the Philippines offer opportunities to both residents and investors. If you are a property investor and you are taking into account the reward of investing in properties overseas, think about the advantages of investing in Manila property. With a growing economy, the requirement for Manila property has grown substantially. This growing demand and the limited supply create the opportunity for both rental yields and capital growth for the foreseeable future.How Expanding Demand Has Affected Rental Yields and Capital Growth Opportunities
In the Philippines, international investors can own condominium property but they cannot own land outright, they can only own 40% of a plot unless their business partner or partners spouse is a Filipino national. This is why Manila condos are the most attractive for overseas investors. Most Manila properties are either condos or apartments. This means that international investors can legally purchase these properties and benefit from good rental income and capital growth as the Philippines economy continues to grow and especially in Manila.
A variety of products are exported from the Manila every day. These goods include textiles, electronics, plywood, sugar, and beverages. The money made from exporting ensures a continuous flow of money and has increased the amount of wealthy and affluent residences in major areas like Manila. When you invest in a luxury condo or apartment, you can expect rental income as much 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 rental units will stay strong as long as the economy is flourishing.
A superb Standard of Living
When some investors consider investing in properties overseas they might imagine investing in a property that is very basic especially if they are a first time investor or have a limited budget. However most new residential builds aimed at the overseas investor market in Manila property is elegant, modern, and packed with facilities. Some of the most sought after districts in Manila include Eton Bay Park, Kalaw Street, Rockwell, Manila Bay, Rockwell, Manila Bay Rizal Park, Aqua Private Residence, Ayala land, and Trump Tower Manila. 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 possibilities, some lenders in the Philippines are very happy to lend money for investing, to the right people or businesses of course.
Not all overseas investment opportunities are wise. When you choose to invest in property overseas you must delve into market trends, average rental yields, the economy, and reported capital growth. Evaluate the benefits of investing in Manila property and benefit as the economy continues to emerge.
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