UK Investors look at Philippine Apart-Hotel or Condotel Property Investments
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
UK Investors Exploring Philippine Condotel Investment Opportunities
Overview
UK hedge funds and real estate investors are expanding their focus beyond traditional markets like Paris and London’s West End. A new report highlights the Philippines as an attractive destination for apart-hotel and condotel investments.
Emerging Interest in the Philippines
PLC International Marketing Networks recently revealed a shift in property investment trends. As investors look to diversify their portfolios, Southeast Asian markets, particularly the Philippines, stand out. Thailand, Japan, China, and Singapore also feature in some investment strategies.
Beth Collingz, Global Marketing Director of PLC International Marketing Networks, notes a noticeable increase in UK clients interested in Philippine condotel investments. This trend, moving away from US-based clientele, aligns with the strengthening of the British Pound against the US Dollar.
Factors Driving Investment
The affordability of Philippine properties compared to those in Europe, especially the UK, is a significant draw for investors. Attractive payment options further enhance the appeal of these condotel developments. Investors, including offshore property investors, overseas Filipinos, and baby boomers nearing retirement, are seeking condotel investments to optimize returns. These properties offer the dual benefit of serving as vacation homes and generating rental income through in-house management, with projected returns of 12-16%.
Metro Manila: A Prime Choice
Metro Manila remains a favored location for international buyers. Collingz highlights its status as a year-round vacation destination and business hub. Lancaster - The Atrium Condotel, developed by Pacific Concord Properties in Shaw Boulevard, Metro Manila, caters perfectly to international investors' needs.
Accessibility and Market Strength
The ease of travel, with direct 16-hour flights from London to Manila, and frequent airline specials, adds to the Philippines' appeal. Unlike many offshore properties with seasonal rental markets, the Philippines offers a robust year-round rental market, giving buyers flexibility in using and renting their units. The presence of professional property managers and rental agents further simplifies property ownership and rental.
Investment Opportunities with Lancaster
Lancaster Manila Atrium Tower A on Shaw Boulevard offers a “Full Service” condotel experience, with studio, one, two, and three-bedroom suites available for purchase. Scheduled for completion by December 2010, the Lancaster Suites Manila Atrium Tower II provides premier residential units. Owners can enroll their units in the Lancaster Condotel Rental Pool to earn rental income while not using their properties. This opportunity, along with reciprocal arrangements with Lancaster Cebu Resort Residences, makes Lancaster Suites Manila a top investment destination in the Philippines, according to Collingz.
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