Condotel Investments in the Philippines Attract Foreign Investors
Below is a MRR and PLR article in category Finance -> subcategory Investing.
Condotel Investments in the Philippines: A Magnet for Foreign Investors
Overview
Condotel investments in the Philippines are gaining popularity among UK offshore property buyers, international investors from London, stockbrokers, and Filipinos married to British citizens. These investors are particularly drawn to the financing options available for condotel developments in Metro Manila and Cebu offered by Pacific Concord Properties.
Key Attractions
Foreign investors from the UK, London-based stockbrokers, and overseas Filipinos are capitalizing on the Philippine real estate market's affordability. The easy payment terms make acquiring condotel properties in Metro Manila and Cebu particularly appealing.
Pacific Concord Properties, Inc. offers the Lancaster Atrium Suites Condotel in Manila, situated on Shaw Boulevard in Mandaluyong City. This development is a prime opportunity for investors seeking real estate appreciation projected at 100% for early birds, alongside potential rental incomes of 14-16% per year once fully operational by 2010.
The Lancaster Atrium, the forthcoming addition to the sold-out Tower I, features Condotel Studios, and one to three-bedroom suites. Investors have access to secure payment plans with international standard escrow trust accounts, six-year interest-free terms, or up to 12-year in-house financing options for overseas buyers. These options ensure full condo ownership, minimal management costs, no enrollment fees for the rental pool, and low maintenance fees.
Expert Insights
Beth Collingz, from PLC International Marketing Networks?"a lead marketing partner with Pacific Concord Properties?"emphasizes the surge of interest from the UK, Scotland, and Australia. The relatively low property prices in the Philippines compared to Europe, especially the UK, along with flexible payment schemes, drive this interest. Many offshore investors and overseas Filipinos view condotel investments as retirement plans, using the units for vacations and securing rental income when not in use. Current purchase prices offer a projected ROI of 12-16%, contingent on payment methods.
More than 85% of condotel sales in Metro Manila are attributed to international buyers, according to Collingz. While this trend is less pronounced outside major urban areas, cities like Cebu are seeing a considerable increase in foreign real estate purchases.
"The current market in the Philippines is ideal for buyers," Collingz notes. "We're seeing repeat clients and numerous referrals from satisfied customers. Our websites, such as http://www.lancastersuites.com and http://www.plcglobalpinoy.com, offer dedicated sections for international buyers."
Contact Information
For more on Philippine condotel investments, please reach out to:
Beth Collingz
PLC International Marketing Networks
You can find the original non-AI version of this article here: Condotel Investments in the Philippines Attract Foreign Investors.
You can browse and read all the articles for free. If you want to use them and get PLR and MRR rights, you need to buy the pack. Learn more about this pack of over 100 000 MRR and PLR articles.