Philippines Still the Hottest Real Estate Market in Southeast Asia

18 Apr

PLC International Marketing Networks – a Manila Condotel Investment group says that tourism, offshore property investors and local real estate developers has been driving the real estate property market in the Philippines to the top of real estate investor’s list. A lot of foreign investors are looking at the positive effects of the increasing number of tourist arrivals, the booming number of Business Process Outsourcing (BPO) and the positive effects of OFW dollar remittances in the country.

In recent statistics released by the Department of Tourism (DoT), there is an 11.28 percent increase in figures from 2010 tourist arrival stats. Some 3.52 million foreign tourists visited the country in 2010 compared to a whooping 3.9 million foreign tourist in 2011. Based from reports most of the tourist arrived in November and December with 337K and 394K arrivals, respectively. Interesting figures also shows because last January 2012 the Philippines already had 411K foreign tourist arrivals. The record breaking statistics prompted DoT to raise its target for this year to 4.2 million with the controversial campaign of “It’s More Fun in the Philippines”.

With this regard, Philippine real estate developers have taken advantage of this boom as new houses for sale and condominiums in the Philippines have been constructed and are currently being created in strategic business locations. Lots of the real estate communities especially in the metro were created near commercial establishments which gives the residential dwellers easy access to these hot spots.

According to the report released by the Department of Tourism, hotel room occupancies have also rose to 73.06 in 2007. This may have been the reason why many residential community developers have also added leasing services as part of the services they offer. Now a lot of foreign visitor can come into the country not worrying about the hassle in finding a place to stay. Apartments and condos for rent are available especially in Metro Manila.

Based from the reports and figures presented, anyone who plans to invest in the Philippine real estate should move now! Philippines real estate is a hot pot who already reached its boiling point, which means now, is the time for you to act. Either you plan to buy a property for yourself or for the objective of being profitable; you must act now while the Philippines is still the hottest real estate market in Southeast Asia!

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One Response to “Philippines Still the Hottest Real Estate Market in Southeast Asia”

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  1. Philippines Provides Cheaper Cost of Living « DMCI Philippines - April 29, 2012

    […] to a place where they are going to investment. And just what we said from our previous posts the Philippines is still the hottest real estate market in Southeast Asia. This means that investing in the real estate market of the Philippines is a good choice especially […]

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