The philippines: a dream destination

Makati in the Philippines is steadily attracting bargain-hunting investors…

Makati is increasing in corporate appeal and holds great attraction for business executives. The capital’s main business district is filled with numerous Filipino companies, classy hotels, exclusive restaurants and 24 hour golf courses.

Combined with its already established, perfect ‘dream destination’ profile, serious investors looking on the global property market are succumbing to the Filipino charm.

It is not possible to buy an apartment in a centrally located Philippines skyscraper for as little as £26k.  But what’s the catch? Well, due to its sheer quality, limited availability is an understandable issue, though that’s about it, really.

Remember, it’s not just the alluring investment environment of Makati that draws investors to Philippines, its perhaps something about the properties expected higher than average 12% yields and exceptional growth (off plan prices per m2 in this district have grown by 40% in the last 24 months) too.

Staggering capital appreciation

Philippines GDP has been rising at over 5% year on year and the Filipino peso appreciated a staggering 20% against the $USD since de-pegging just 12 months previously. Makati is where it's all at.

A fully furnished, fully managed £26k apartment includes fixtures, fittings, furniture and all dressing items such as tableware, glassware, bedding, cutlery etc, essentially making for immediate rental, though the option of obtaining a rental yield (around 8-12%) by leasing the apartment back to the in-house management company is open to buyers.

Foreign investors can own this second to none property on a freehold basis, amidst the sustained, aggressive and growing Filipino economy. With interest free credit available, buyers can spread their payments and reduce the initial amount of cash they require to get a piece of this action.

Find out more at http://www.davidstanleyredfern.com/prop_details.php?id_prop=73