Archive for March, 2009

Is It Still Good to Invest in Real Estate? 5 Reasons Why You Should Consider

People who had been contemplating on putting their money in real estate a few years ago are probably thinking twice these days, what with the rough economy and all.

Back in the day, real estate was one of the best investments to have.

But is it still good to invest in this industry? Here are some things you might want to consider: Read more…

Pros and cons of using a realtor

Correct answer to the question, whether the home buyer should obtain the services of a realtor, real estate agent or broker, depends on the specific situation of the buyer and seller. However if we take the general situation for examination, we can come to certain conclusions regarding the utility of a real estate agent and the desirability of obtaining the services of a one.

Main reason why sellers do not like to obtain services of real estate agents is the amount of commission that has to be paid. Buyers will also expect a lower price since both the buyer and seller are dealing directly without the middleman. Read more…

Office rents in Makati City seen to fall until second half this year according to real estate reports

Office rents in Makati City, the Philippines’ premier financial district, are expected to fall until the second half of the year if market conditions continue to worsen due to global turmoil, a real estate report said.

Other emerging business districts in the country are likely to follow the same trend, Jones Lang LaSalle Leechiu, a global real-estate services company, said in a report entitled “Offshoring and Outsourcing (O&O): Charting the State of the Office Demand in the Philippines.”

Average monthly Grade A rentals, or office spaces in prime areas, in Makati “have gone down by 34 percent to P800 per square meter from Read more…

SM Development Corporation reports 116% increase in 2008 Net Income

Philippine property developer SM Development Corporation (PSE:SMDC) has reported a P1.1-billion (US$22.6 million) net income for 2008 or 116 per cent better than the P13 million posted the previous year.

SMDC, in a disclosure to the Philippine Stock Exchange (PSE), also reported that its gross profit on real estate sales reached to P1.7 billion or double those posted in 2007. Read more…

Beach front Real Estate Properties in the Philippines

The Philippines are a beautiful set of thousands of islands situated in South East Asia. The beauty of these islands is what makes them so popular for residents and holiday goers alike. The Philippines are actually over 7,000 islands but only 2,000 of them are inhabited.

The area of all the islands are split into three main groups; Luzon, Mindanao and Visayas. The hottest beachfront real estate in the Philippines can be found in a variety of places across the whole area.

Luzon has a great range of beachfront real estate in the Philippines and is one of the most popular areas to live. Luzon is the largest and northern most island and is very popular for beachfront property.

The capital city of the Philippines, Manila is also located on this part of the islands and is extremely popular for condos and single family homes. Beachfront property is very exclusive and extremely sought after here. Read more…

Why Invest in Philippine Real Estate?

The Philippines is on the verge of phenomenal future. The Philippine currency has reached a 5-year high in 2007 and continues to be strong and resilient, fortified by economic management of the current administration.

Philippines is on the verge of the biggest real estate boom in history, set to totally eclipse the 1997 Asian crisis, and fueled by money from Overseas Filipinos, foreign investments, and a strong and bullish economy.

But why in Philippine real estate? Well, compared to developed areas in the world like Tokyo, New York, etc.. your Return Of Investment in the Philippines is most likely higher.

A residential parking slot alone in Manhattan could cost you around $150,000.00 more than enough already for you to buy a first class 2 bedroom unit within a prime business area in the Philippines. Read more…