Investments in buy to let properties or Condo Hotels in the Philippines have increased in popularity by 29 per cent during the last three months, making it the second most popular investment vehicle behind consumers own homes, according to PLC Global.
Beth Collingz, Global marketing Director of PLC International Marketing Networks, a company specializing in Condo Hotel or Condote Sales and Marketing in the Philippines, comments: “The UK Savings and Investments index clearly shows that the UK saver prefers to invest in bricks and mortar and more and more investors are moving offshore to take advantage of the much cheaper prices in the Philippines and high rates of rental returns as room rates in Metro Manila and Cebu, two major Cities in the Philippines, are not much less than rates charged for rooms in Europe making the Philippines buy to let properties an ideal property investment”.
The Philippines, located in Southeast Asia, is one of the few fully democratic nations with a predominantly English speaking population benefiting from substantial foreign direct investment and billions of dollars in remittances from overseas Filipinos. According to the...