Overseas Property News

Philippines

Philippines Investment Property: Entry Level Magic

For potential investors who want to make a quick or immediate and strong returns on an overseas property purchase, with furnished ready-to-let studio apartments available from just £26,000 the Lancaster Atrium towers in Manila could be the perfect opportunity.

On offer is the option to lease back the apartments to the in-house management company for a hands-free rental yield which is conservatively estimated to be around 8%, rising to 12% after the first two years.

However similar apartments in the area are making 10-12% yields so if you have a little time on your hands or are a full time property tycoon it would definitively be worth your while marketing the property yourself. Especially given the apartments ' location, in the expanding financial district of Makati, where the number of multi-national corporations setting up shop opens up the potential for high-yield residential lets to the imported executives.

This opportunity is also unique in the fact that the apartments are available in the second of two towers, the first of which has already been completed, giving buyers the not-very-often-found chance to see what they ' re off-plan apartment will really look like.

The Phillipinnes economy is growing at its fastest rate for 25 years with GDP growth hitting 7% in 2007, and predictions for it to reach 7% in 2008 and 9 in 2009. This new found spring in the Philippines economical step began in 2001 when current president MACAPAGAL-ARROYO took office; GDP growth hasn't been below 5% any year since. His increasing government spending played a part in the economies' acceleration, with higher consumer spending and major remittances from the millions of Filipinos working abroad also playing an important role.

The predicted GDP increase for 2008-2009 looks likely because of Arroyo's proposed and dynamic proposals to privatise large public enterprises that are currently a drain on the economy. This new strength and resilient growth in the Philippines has seen many large companies opening call centres and factories in the flourishing capital, all providing employment and aiding the regeneration of the economy.

The capital has been positively revitalized by the wealth of western hi-end retail outlets, malls and fast food chains attracted to the possibility of low-cost operations, and to the new found wealth being enjoyed by more and more Filipinos in employment.

All in all the Lancaster Atrium towers are one of the best entry level investment opportunities on the global market without a shadow of a doubt.

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