Philippines property market is going from strength-to-strength.
As the property market continues to make good headway in the Philippines, it is not surprising that it is attracting global interest. The economy is being boasted by strong overseas remittances. Infrastructure is being developed. Plus the business process outsourcing industry is expanding as doing business in Philippines is even cheaper thanks to strength of the dollar against the peso.
These all paint positive indicators for those wanting reassurance of the outlook for the country, and those who are considering investing here.
As President Trump takes his seat in the White House and the negotiations of Brexit continue on, investors are searching for alternative options as uncertainty looms over the traditional markets of America and the United Kingdom. This is to the benefit of the Philippines who are forging allies internationally resulting in luring in investors.
The Chinese who are actively looking for outwards investments as the Yuan weakens are interested in the Philippines. This is according to real estate firm Santos Knight Frank who have also been dealing with players from Europe and Russia too.
The industrial and residential property sectors are expected to continue to perform well. The increase of manufacturing is driving gross domestic product. Plus overseas remittances are being spent on property as overseas Filipino workers choose property as part of their investment strategy.
So why should you consider investing in Philippines property? Well, developments across the economy suggest a positive outlook. This will trickle down across the country to all sectors. Santos Knight Frank have pinpointed that increased disposable incomes plus good consumer confidence will be a boast across the markets. As people become wealthier they look to upgrade their existing home or add to their property portfolio. A growing economy and a buoyant property market go hand in hand. Plus there is no better reassurance than global confidence.
