Jan 2 2011
Philippines Property Investors Set For prosperous 2011
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 experts at Experience International, The Philippines has good fundamentals for success with a strong economy, growing amounts of foreign direct investment, thriving tourism and an attractive property market.
As MD of Experience International Steven Worboys comments,
“The Philippines has a lot of potential, with a wealth of natural resources, a dynamic and progressive business outlook and a population committed to a prosperous future, 2011 is set to be a fortuitous year for this Asian nation.”
The Philippines’ economy has remained 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 nation’s 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 Philippines economic performance. The tropical paradise that is the Philippines draws visitors from all over the world but it is increasing in popularity with the British. From January to July 2010 visitors from the UK posted a massive 11% growth rate leading to 100,000 British visitors anticipated by the year’s end according to the Philippines Department of Tourism, 2010.
The growing numbers of visitors to the islands requiring accommodation has led to the Philippines property market experiencing an upswing 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 quickly.
Thefive star 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 attractive 21% annual income guaranteed. Also investors can take advantage of 60% non-status finance safe in the knowledge that the resort will be managed by a renowned tour operator guaranteeing 80% occupancy.
For additional information on investing in the Philippines in 2011 and indeed 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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