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Manila Offers Good Buy-to-Let Property Investment Opportunities

Written by Beth Collingz
Friday, 29 August 2008
A leading property investment marketing company believes the Philippines is one of the best places to buy property at the moment. The current economic environment in the US and Europe has left investors wary about where to put their money due to recession and high inflation, according to Beth Collingz, overseas sales director of PLC International, lead marketing partners for Pacific Concord Properties Lancaster brand of condo hotel developments in the Philippines. US and European economic woes are affecting a key sector of the Philippines residential property market but it is hoped the shortfall will soon be picked up by increasingly affluent Filipinos seeking investment opportunities as well as new overseas investors. The number of Philippines properties being bought by Filipinos based in the US and other countries has began to fall because of the global credit crunch. 'It is a blow but not significant as there are new investment clients out there and we do not focus on the US as a sole marketplace for our sales,' said Collingz. 'Many new investors are looking to replace failed pension plans and other future saving schemes with a solid investment in real estate. Many are looking for investments that will give them an income for retirement. Savvy investors are now looking for a more solid investment with potential for monthly income and Philippine Condo Hotel investments are ideal because Hotel rates in the Philippines are the same if not more expensive than those in the US but the entry level to purchase real estate is only about 10% of what you would have to pay for a Studio in Manhattan,' she added. There are also indications that the Russians may take up some of the slack. First-time Russian overseas buyers are now looking at South-East Asia and particularly the Philippines. According to statistics from the Philippines Department of Tourism, the country was able to attract some 12,000 Russian visitors last year. Overall visitor numbers are growing. Airlines are reporting record numbers. For example, the country's flagship Philippine Airlines registered the highest number of international passengers ever last year - 3.38 million, up from 3.05 million in 2006. Most interest for real estate investments are in condominiums and apartment hotel complexes. The Philippines remains undiscovered as far as British and many European investors are concerned. Yet because of its close links to the US, English is widely spoken and it is well regarded for its beaches and diving. 'Buying property here is easier than many people think and investment from overseas is growing, especially in the resort areas of Cebu and Manila itself where rental potential is good.' However, anyone considering Philippine Real Estate Investments should move now and lock in at current price levels said Collingz who’s Lancaster Condo Hotel brand offer the security of International Standards of Trust Account Escrow Banking facilities for all buyers’ payments. We are looking at another round of 10% price increases within the next 30 days [effective July 16, 2008] on all our inventories of Condo Hotel units at both Lancaster Suites and Lancaster - The Atrium Manila. Buyers whom reserve now can take advantage of current prices locked in for their units and see an immediate equity return on their investment. Collingz said the Lancaster Manila Atrium Tower A, Shaw Boulevard, Metro Manila, Philippines is a "Full Service" Condominium Hotel ["Condotel"] is offering Studio, One, Two and Three Bedroom Suites for sale on up to 12 year ‘In-House’ developer extended no pre-qualification payment terms available to non-resident foreign nationals and investors with the option of enrolling their units in the Lancaster Hotels Rental Pool and earn Rental Incomes when not using their units through our own Lancaster Hotels Condo Management. This makes Lancaster Suites Manila, one of the Hottest Investment Opportunities in the Philippines. For further info regarding Lancaster Philippines Condo Hotel Investments please do not hesitate to contact us.... Beth Collingz PLC International Marketing Networks Pacific Concord Properties Inc., Manila Head Office Shaw Boulevard, Mandaluyong City. Metro Manila. Philippines Phone: Manila [632] 717 1958 Fax: Manila [632] 718 1828 Pacific Concord Properties Inc., Cebu Office Lapu-Lapu City, Mactan. Cebu. Philippines Phone: Cebu [6332] 340 0721 Fax: [6332] 495 4938 EMail: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it Web: http://www.lancastersuites.com Web: http://www.condotel-sales.com Web: http://www.condotel-manila.com Bookmark with: Delicious Digg reddit Facebook StumbleUpon What are these?

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