Condo Hotel Buy to Let investment potential for UK offshore property investors in Metro Manila and Cebu, Philippines
Overseas property investors are particularly enthusiastic about the Philippines investment and buy to let condo hotel development prospects as more and more International Hotel chains and real estate developers move into the property sector. But this is just the start of the Philippines property investment opportunities
Property investors who don’t mind looking a little further a field should keep an eye on the Asian property market, writes Beth Collingz, Director for marketing of PLC International Marketing Networks based in Metro Manila, Philippines and lead marketing partners for the Lancaster Brand of Condotels.
Collingz, who also runs PLC Global Pinoy, an internet based marketing network specializing in Condotel Investments in the Philippines, indicated that more than 85% of all Condotel sales in Metro Manila were to international clients. While such a level of foreign-purchasing activity is not as high in the Philippines provinces, Cebu in particular, has seen a sharp increase in real estate purchases by international buyers in the past several years.
“These international buyers know it’s a buyer’s market in the Philippines right now—there are a lot of properties available and fewer local buyers,” Collingz said. “I’m working with clients who are purchasing their second property with me. We also have referrals from many of our prior customers and new clients who have found us through our Web sites, lancastersuites.com and plcglobalpinoy.com which include a special section for international buyers”
While Metro Manila is still a popular choice with international buyers, Collingz says clients tell her that it makes more sense to buy in a year-round vacation destination. The Lancaster Cebu Resort Residences Condotel development by Pacific Concord Properties located in Mactan, Cebu — the area around Cebu International Airport — fits the bill with all it offers to International buyers.
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 its flagship Lancaster Condotel Developments fit’s the bill.
Financing Options and Security open up Philippine real estate market to International buyers.
Previously a stumbling block for some international buyers was the perception that it is difficult —if not impossible — to obtain financing in the Philippines. As a result, many purchases in the past were cash sales.
Since Pacific Concord Properties recently introduced the new affordable easy payment plans for the Lancaster Atrium Manila Condotel Suites where a Studio Unit can be purchased without any down payment over 36 months interest free and the, sales of the companies inventory of units will surely sell out quickly to investors seeking to take advantage of the Condotel Investment “Boom” in the Philippines.
“Where can you find a 350 sqft Freehold Flat in the heart of Central London for only 45,000 Pounds or a Studio in Manhattan for only 70,000 Dollars and then get a Guaranteed 6% per annum ROI from rental returns” enthuses Collingz. “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” said Beth Collingz whom used to live in South Kensington and still owns several Chelsea Embankment Townhouses and St. Catherine’s Dock Flats before coming over to the Philippines
You must have the answers to the six primary factors to consider when making a real estate investment--and how each one affects your level of income said Collingz
1. Why you're making the investment. Do you intend to use and enjoy the property? Or, are you only looking at the investment potential? That's important to your initial outlay and your long-(or short-) term returns.
2. What's your tolerance for risk? Learn your Risk Comfort Level, is this investment within those parameters?
3. Your options for financing. Cash or credit. Your answer helps determine your investment.
4. What fits well in your existing portfolio? To be well-balanced, your portfolio should have a range of assets including real estate--and your portfolio should include a range of properties.
5. Your level of experience in the market. Experience is the roughest teacher--because it gives the test before it gives the lesson.
6. Your desired level of involvement. Your level of participation will help you determine your type of investment.
Then act. Take a first step. Don't invest money you can't afford to lose. Control the circumstances as much as possible. But don't wait for a sign from above that the timing and the opportunity are ideal. The sign won't come...and the market won't wait. For a first deal you should probably invest no more than $70,000.
Here are some buys you could make right now with that budget:
1. A Freehold 'off plan' unfurnished Studio Suite at the Lancaster Atrium Manila for Initial Property Appreciation Investment and Rental Income from 2013 in Metro Manila, Philippines.
2. A Freehold Fully Furnished ready for occupancy Studio Condotel Suite at the Lancaster Suites Manila or for Condo Hotel enrollment and immediate Rental Income in Metro Manila, Philippines.
3. A Freehold Fully Furnished ready for occupancy Studio Condotel Suite at the Lancaster Cebu Resort Residences or for Condo Hotel enrollment and immediate rental income in Cebu, Philippines.
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.
Collingz highlights the importance of working with those experienced in this type of transaction. “Buying property in the Philippines is significantly different from buying in the UK and other European countries, for example,” said Collingz. “The purchase process is more direct, with less stress and more accountability; and we work directly with the buyer or collaboratively with the client’s agent or representatives. Our goal—and that of Pacific Concord Properties Inc — is to make the whole process as easy as possible. Prospective buyers can view properties online on our Web site and save listings they’re interested in an online portfolio”
For further info regarding Lancaster Philippines Condo Hotel Investments please do not hesitate to contact us....
PLC International Marketing Networks
Pacific Concord Properties Inc.,
Manila Head Office
Shaw Boulevard, Mandaluyong City.
Metro Manila. Philippines
Pacific Concord Properties Inc.,
Cebu Branch Office
Lapu-Lapu City, Mactan.
Phone: +63 32 340 0721
Cell Phone: 0922 858 7027
Web: http://www.lancastersuites.com/ [Lancaster Condotels]
Web: http://www.condotel-manila.com/ [Lancaster Suites]
Web: http://www.condotel-sales.com/ [Lancaster Atrium]