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…