A New Type Of Philippine Real Estate Investment
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
Discover a New Kind of Real Estate Investment in the Philippines
Why Consider Retiring in the Philippines?
Retiring abroad has long been popular, with countries like Spain, Portugal, Mexico, and Puerto Rico often chosen by expatriates. But have you considered the Philippines? This tropical paradise offers compelling reasons for your retirement.
The Allure of the Philippines
Over the last decade, the Philippines has emerged as a retirement haven, attracting thousands of Japanese, Korean, and Northern European retirees. Alongside Thailand and Malaysia, the Philippines has developed infrastructure, communication systems, and services tailored to foreign retirees. Plus, English is widely spoken, simplifying everyday interactions.
Affordable Living
The cost of living in the Philippines is significantly lower than in many Western countries. With an exchange rate of approximately 48 Philippine Pesos (PhP) to $1, or PhP 96 to £1, your money goes further.
You can purchase a one-bedroom condo for around $60,000 (£32,500) or a studio for just $34,000 (£18,000). Dining out at a three-star restaurant costs less than PhP 500, and domestic help is affordable with private drivers earning about PhP 10,000/month and housekeepers approximately PhP 5,000/month.
Quality of Life
Hi-speed internet, cable TV, and satellite communications are inexpensive. You can hire an air-conditioned taxi for a full day for under $25. With monthly retirement income of $1,500 to $2,000 (PhP 80,000 to 100,000), you can live comfortably and enjoy a high quality of life.
Healthcare Benefits
Healthcare in the Philippines is robust, with many U.S. Health Management Organizations covering medical expenses incurred here. The government is working to gain Medicare accreditation for top hospitals like Makati Medical Center. The country is already a medical tourism hub for neighbors such as Thailand, Nauru, and Malaysia, due to its high standard of care.
Increasing International Interest
The British government’s acquisition of land for a new embassy in Fort Bonifacio signifies the growing number of British retirees. Meanwhile, Japanese and Korean investors are actively purchasing homes and developing retirement villages, spurring a real estate boom.
English Everywhere
English serves as the official business language, with most people, including hotel staff, taxi drivers, and government employees, speaking it fluently. Major newspapers and broadcasts operate in English, ensuring that language is no barrier for expats.
Endless Adventures
The Philippines offers a vibrant cultural scene with festivals, pageants, and public events. Its natural beauty includes stunning beaches, lush resorts, and various sports activities like scuba diving and fishing. The country’s love for shopping is matched only by its passion for food, making Manila an appealing shopping destination and nightlife hub.
Cultural and Leisure Activities
Experience breathtaking sunsets, exotic flowers, and a plethora of fruits and cuisines. Visit the Philippine Cultural Center to enjoy symphonies, plays, or opera. Engage in local pastimes like horse racing, Jai Alai, and cockfighting, or explore the thrilling nightlife.
Beth Collingz
Director - PLC International Marketing Networks
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