Sunday, October 19, 2008

UK Estate Agents get in on the Philippine Condotel investment boom

With the downturn in UK property sales many estate agents are opting for buy-to-let overseas investment opportunities in the Philippines for their clients

As the credit crunch continues to hit many countries with rising food and transport costs, a lot of people are looking for additional income and real estate marketing networks offer an easy opportunity to make some extra cash. In the Philippines, PLC Global is looking for applicants to join its Internet based web programs for the Lancaster Brand of Condotel Investments

Beth Collingz, overseas marketing director of PLC Global, lead marketing partners for Pacific Concord Properties Inc’s Lancaster Brand of Condo Hotels in the Philippines said we are looking for International Referral Partners, Part-Time Agents, Overseas Based Agents, Entrepreneurs, Housewives, Professionals, Real Estate Brokers and Realtors whom are interested to join our Marketing Network for the Lancaster Brand of Condo Hotel developments in the Philippines

PLC recently appointed David Stanley Redfern Ltd [DSR] with offices in Nottingham, UK as their marketing partner for the Lancaster Brand of Philippine Condo Hotel Buy-to-Let Investments.

David Redfern of DSR Ltd an International Real Estate specialist company, recently looked at the Philippines on behalf of several private investors and investments trusts in Europe and the United Kingdom, specifically the Lancaster Suites Condotel developments in Metro Manila and Cebu and are AIPP accredited.

On accepting the UK accreditation for the Lancaster Atrium developments in Manila, DSR Managing Director, David Redfern, said “the Philippines property market is currently one of the hottest in the world. Affected worst by the Asia economic crisis, since Asia began to grow again, the Philippines is fast becoming the commercial hub of south East Asia. Its low starting point has also made Philippine property a hot favorite with investors. The massive growth potential of property in the Philippines is fuelled by the level of new businesses and foreign investment the Philippines, especially in Manila. Philippine property is expected to grow in value by no less than 24% for the next five years and possibly even more in the next 2-3 years”

“Our Philippine property is a three tower development of apartments in Manila's new residential, recreational and financial district - Ortigas Center. As Philippine property goes, Lancaster Atrium towers have found the perfect balance between luxury and affordability. Their low price makes them a favorite with investors hoping to capitalize on the huge growth potential of Philippine property” said Redfern.

Pacific Concord Properties recently introduced affordable easy payment plans for the Lancaster Atrium Manila Condo Hotel Suites where a Studio Unit can be purchased without any down payment, and 67% of the contract price payable over 60 months interest free and the 33% balance payable on turnover of the unit or to be extended for another 60 months through PCPI's no prequalification no hassle finance plan, sales of the companies inventory of units will surely sell out quickly to investors seeking to take advantage of the Condo-Hotel Investment "Boom" in the Philippines.

Where can you find a 350sqft Freehold Flat in the heart of Central London for only 30,000 Pounds or a Studio in Manhattan for only 50,000 Dollars and then get up to 14% per annum ROI from rental returns and 15% annual property appreciation. These figures probably seem Crazy to London Property Buyers unless they remember the prices of Flats and Apartments back in the late 70's and all of this comes complete with average 85 degree temperatures and sunshine nearly all year round.

With Pacific Concord Properties Inc adopting International Property Standards and the only Philippine Real Estate Developer to operate the internationally accepted practice of Escrow Trust Account Banking for all payments made by buyers of its Condotel Suites, international offshore property investors need no longer worry about the security of their investments.

One of the drawbacks to purchasing property in the Philippines was that most overseas buyers of the real estate have become accustomed to normal home buyers standards like putting their money in escrow (which protects them if the developer does not deliver on its commitments) whenever they buy real property.

Pacific Concord Properties Inc., now sets that "International Standard' in the Philippines with the "Buy Safe Payment Policy" of Escrow Trust Account Banking with Equitable PCI Bank, one the Philippines largest Banks, for the purchase of a condo-hotel unit in either the Lancaster Suites Manila, Lancaster Atrium Manila or Lancaster Cebu developments.

Buyers of Condotel units at the Lancaster Suites Manila, Lancaster Atrium Manila and Lancaster Cebu Resort Residences in Cebu, pay their Reservations, down payments and all monthly payments directly to the Companies Trust Account with the Bank thereby ensuring that funds are maintained and ultimately used only for the purpose of direct construction related costs. This not only guarantees that the buyers money is safe, but more importantly the development will be completed on schedule and within projected time frames for the project said Collingz.

Beth Collingz
PLC International Marketing Networks
Pacific Concord Properties Inc.,
Manila Head Office
Shaw Boulevard, Mandaluyong City.
Metro Manila. Philippines
Phone: Manila [632] 717 1958
Fax: Manila [632] 718 1828

Pacific Concord Properties Inc.,
Cebu Branch Office
Lapu-Lapu City, Mactan.
Cebu. Philippines
Phone: Cebu [6332] 340 0721
Fax: [6332] 495 4938
Web: [Lancaster Condotels]
Web: [Lancaster Suites]
Web: [Lancaster Atrium]

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