Encouraging Foreigners to Invest in the Philippine Real Estate Market

Only available on StudyMode
  • Download(s) : 50
  • Published : March 30, 2013
Open Document
Text Preview
Topic: Encourage Foreigners to Invest in Philippine Real Estate Market

Real estate business is a very lucrative and capital intensive venture. It is not for just any one, but only for those who have financial capacity and willingness to buy real properties. Real property may come in the form of buy and sell, or merely renting and make money out of it.

Known as one of the most vibrant real estate markets in Asia, the Philippines growing economy consistently sustained its growth despite the global economic recession. The country's real estate industry has been receiving positive remarks from various analysts across the globe. The reflection of its success, mainly rooted to the country's excellent financing services, good capitalization and pro-business climate drives every real estate investors to provide the best real estate solutions for needs of the market.

The real estate industry has been increasing year on year and this is characterized by the dynamic growth and upsurge of condominium development across Metro Manila. This growth is fuelled by the increasing overseas Filipino workers remittances as well as new investors who take advantage of the benefits of the low interest rates in the housing market. The influx of condominium development across Metro Manila also validates the soaring demand for residential options, which is between renting an apartment and owning a home in the city. Various innovative unit designs and concepts are being offered in the market to suit current trends in housing and lifestyle preferences of today’s market.

This increasing realtors’ confidence to Philippine real estate industry is brought by the improving economy, implementation of good governance among private and public sectors, and the reform inspired government of the new administration. Presently, the real estate market is banking on two major components: (1) remittances of overseas Filipino workers and (2) continuous growth demand by the expanding business...
tracking img