Travel and Leisure

Philippines Property Investors Set For prosperous 2011

January 4, 2011 by drewloupsen · Leave a Comment 

As we leave behind the ferocious year of the Tiger and embrace the more restful year of the Rabbit, the Philippines is busy preparing itself for prosperity in 2011.

According to the Philippines property investment agents Experience International, The Philippines has good fundamentals for success with a robust economy, increasing levels of foreign direct investment, thriving tourism and an attractive property market.

As MD of Experience International Steven Worboys remarks,

“The Philippines has a great deal of potential, with a wealth of natural resources, a dynamic and progressive business outlook and people who are committed to a prosperous future, 2011 is ready to be a fortuitous year for this Asian nation.”

The Philippines’ economy has stayed robust over the last year with 6.7% GDP growth reported in Q3 2010 and 7.7% growth year-on-year (National Economic and Development Authority). Also the international credit ratings agency, Standard & Poor’s upgrade of the Philippines long-term foreign currency credit rating by one notch to BB was a “statement of confidence on the country’s bright prospects moving forward” said the Central Bank of the Philippines Governor.

The tourism sector is a big contributor to the country’s economic performance. The tropical paradise that is the Philippines attracts visitors from all over the world but it is increasing in popularity with the British. During the first half of 2010 visitors from the UK had an amazing 11% growth rate leading to expectations of over 100,000 British visitors by the the end of 2010 according to the Philippines Department of Tourism, 2010.

The increasing numbers of visitors to the islands seeking accommodation has led to the Philippines property market growing in strength and becoming more attractive to investors.

Property management group CB Richard Ellis Philippines recently heralded the strength of the real estate sector remarking that
“foreign Investors are showing increased confidence in the real estate market due to favourable macro-economic factors such as 8% growth, record remittances, a young and highly educated population, one of the best performing stock markets in Asia for 2010”.

This view is shared by the Philippines Property experts at Experience International who are seeing their development The Blue Coral Resort & Spa on Mactan Island in Cebu selling out very rapidly.

The 5* Blue Coral Resort & Spa is a frontline development with first class facilities with great views of the crystal clear waters of the Bohol Straits. The newly released hotel suites, studios, 2 bed apartments and 2 bed luxury pool villas start from $83,500 with an impressive 21% guaranteed annual income. Also investors can take advantage of 60% non-status finance safe in the knowledge that the resort will be managed by a world-leading tour operator guaranteeing 80% occupancy.

For additional information on investing in the Philippines in 2011 and details about Cebu properties like the Blue Coral Resort & Spa contact the experts at Experience International call +44 (0) 207 321 5858 or go to Experience-International.com.

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