Tuesday, June 29, 2010

Philippine housing market buy-to-let demonstrates resilience

In the darkest days of the credit crunch, some doomsters claim was made so regularly, you might have believed it. This was that buy-to-let was dead, a victim of a housing boom that had turned to bust and the days of the Philippines resurgence as an overseas investment opportunity were supposedly numbered. “Bye-bye Philippines buy-to-let” was an irresistible headline. We now know reports of any decline in Philippine rental real estate or the so called ‘Buy-to-Let” market were exaggerated. PLC International, a Manila based Condotel Marketing Company, reports a 40% increase in demand for rental income property – concentrated around the £35,000 mark – from professionals such as solicitors, accountants and doctors investing for the first time.

In the UK, "investors are once again moving to new areas to find value and 100% financing" said Beth Collingz, Global Marketing Director of PLC International. "More and more of clients for buy-to-let Condo Hotel Investments are coming from the UK. Due to the continued lack of financing in the US and the UK there has been a distinct market shift towards Philippine investment properties over the past few months and we see that trend continuing throughout 2009 well into 2010.

“A lot of this interest is being driven by the relatively cheap market prices in the Philippines compared to Europe and the 100% financed 12 year easy payment options available for our pre-completion Condo Hotel Developments, but there are other factors, too. Offshore Property Investors, Foreign baby boomers as well as overseas Filipinos, are looking for ways to maximize their return on investments as they approach retirement, and so are purchasing second homes, particularly Condo Hotel Investments where they can use the Condo for vacations and rent it out through our In-House Condo Hotel Management when they are not using the unit thereby gaining rental incomes that on today’s purchase prices, give a projected ROI on their investments of some 8% depending upon the mode of payment for the unit”

Metro Manila remains a popular choice with international buyers and institutional investors. Collingz says clients tell her that it makes more sense to buy in a year-round vacation destinations and business centers. Lancaster - The Atrium Condo Hotel developments by Pacific Concord Properties located in Shaw Boulevard, Metro Manila - fits the bill with all it offers to International buyers.

Accessibility is also a factor. “Flights from London to Manila, for example, average just 16 hours, add to that the many airline specials and it’s easy to see why this area is becoming an international community.” Unlike other offshore rental properties, where the rental market is largely seasonal, in the Philippines there is a strong market for rental properties year round. This gives buyers greater flexibility in choosing when to use and when to rent their property. The strong rental/second home market also has resulted in a proliferation of professional property managers and rental agents, making property ownership and rental easy. Pacific Concord Properties Inc with it’s flagship Lancaster Condotel Developments fit’s the bill

Lancaster Atrium, Shaw Boulevard, Metro Manila, Philippines is a "Full Service" Condominium Hotel ["Condotel"] offering Studio, One, Two and Three Bedroom Suites for sale on 12 year payment terms with no down payment requirement and 100% financing available with the option of enrolling their units in the Lancaster Condotel Rental Pool and earn Rental Incomes as Owner Non-Residents when not using their units through Condo Hotel Management and reciprocal arrangement with Lancaster Cebu Resort Residences. This makes Lancaster Suites Manila, one of the Hottest Investment Opportunities in the Philippines said Collingz.

For further info regarding Lancaster Philippines Condo Hotel Investments please do not hesitate to contact us....

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

Pacific Concord Properties Inc.,
Cebu Branch Office
Lapu-Lapu City, Mactan.
Cebu. Philippines
Phone: Cebu [6332] 340 0721
EMail: plcsales@pldtdsl.net
Web: http://www.lancastersuites.com [Lancaster Condotels]
Web: http://www.condotel-manila.com [Lancaster Suites]
Web: http://www.condotel-sales.com [Lancaster Atrium]
Web: http://www.condotel-cebu.com [Lancaster Cebu]

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