Foreign Nationals snap up Philippine Apart-Hotel or Condotel Investments

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Foreign Nationals Embrace Philippine Apart-Hotel Investments


Overview

Affordable prices and a growing interest from retirees are attracting foreign nationals to invest in residential condominiums, also known as apart-hotels, in the Philippines. This trend is fueling increased construction, says a leading online marketing firm.

Key Points

- Demand Surge: Beth Collingz, director of PLC International Marketing Networks, reports high demand from UK and Australian buyers interested in investment properties and holiday homes in the Philippines.
- Attractive Market: The relatively low property prices compared to Europe, particularly the UK, and flexible payment options make the Philippines an appealing choice. Offshore investors, foreign baby boomers, and overseas Filipinos are keen on maximizing their returns as they near retirement.
- Investment Strategy: Many buyers are purchasing condotels, using them for vacations and renting them out when not in use. This model offers rental income with a projected ROI of 8% to 16%, depending on the payment scheme.
- Strategic Partnerships: Collingz's firm partners with Pacific Concord Properties, Inc., which offers projects in Metro Manila and Cebu under the Lancaster Suites brand. These condotels can be rented out short-term, providing added flexibility for owners.
- International Interest: Around 85% of PLC Global Pinoy's condotel sales are to international clients. While foreign purchasing in the Philippine provinces is not as prevalent, Cebu has seen a notable rise in international real estate purchases in recent years. The current market, with ample properties and fewer local buyers, presents an attractive opportunity for foreign investors.

This growing interest from international buyers is reshaping the real estate landscape in the Philippines, making it a hot spot for investment.

You can find the original non-AI version of this article here: Foreign Nationals snap up Philippine Apart-Hotel or Condotel Investments.

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