Beth Collingz, director of PLC International Marketing Networks, said her company had been very busy catering to buyers from the United Kingdom and Australia who were interested in investment properties as well as holiday homes here.
A lot of this interest is being driven by the relatively cheap market prices here compared to Europe especially UK housing prices and the easy payment options available for condominium hotel developments Collingz said. She added that offshore property investors, foreign baby boomers as well as overseas Filipinos were looking for ways to maximize their return on investments as they approach retirement.
And so they are purchasing second homes, particularly condotels, where they use the condo for vacations and rent it out when they are not using the unit said Collingz, who runs the internet based PLC Global Pinoy marketing network. The buyers gain rental incomes that on todays purchase prices give a projected ROI of some 8 percent to 16 percent depending on the mode of payment for the unit she said.
Collingzs firm is in partnership with Pacific Concord Properties, Inc., which has market ready projects in Metro Manila and Cebu...
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