UK Property Investors in the Philippines
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UK Property Investors in the Philippines
Summary
UK property investors and Filipinos married to British citizens are seizing affordable condotel investments in the Philippines, benefiting from financing options available to international buyers.Article
A Rising Opportunity for UK Investors
UK property investors, along with Filipinos married to British citizens, are increasingly investing in affordable condotel developments in the Philippines. They are taking advantage of financing options designed for international buyers, making these investments attractive and accessible.
The Allure of Lancaster Atrium Suites
Pacific Concord Properties, Inc. is at the forefront with its flagship Lancaster Atrium Suites Condotel in Manila. Located on Shaw Boulevard, Mandaluyong City, this development is a hotspot for investment. Early investors can expect real estate appreciation initially estimated at 100%, along with projected rental incomes of up to 16% per annum once fully operational.
Insights from Beth Collingz
Beth Collingz of PLC International Marketing Networks, a leading marketing partner with Pacific Concord Properties, reports a surge of interest from buyers in the UK, Scotland, and Australia. She attributes this to the affordable prices in the Philippines compared to Europe, particularly the UK, and the flexible payment plans available for condotel investments.
Collingz notes that international investors, including offshore property investors, foreign retirees, and overseas Filipinos, are keen on maximizing returns as they approach retirement. Condotel investments offer dual benefits: personal vacation use and rental income when managed by the in-house team, leading to a projected ROI of 12-16% depending on payment terms.
International Buyers Lead the Market
Collingz highlights that over 85% of all condotel sales in Metro Manila involve international buyers. While the trend is less pronounced in other regions, Cebu has seen a notable increase in purchases by international clients over recent years.
"The Philippines is currently a buyer's market," says Collingz. With an abundance of available properties and fewer local buyers, she frequently assists clients purchasing their second property. Many new clients discover these opportunities through websites such as lancastersuites.com and plcglobalpinoy.com, which feature special sections for international investors.
Easing Financing Challenges
Historically, securing financing in the Philippines was perceived as difficult, leading many to make cash purchases. However, Pacific Concord Properties now offers easy payment plans for Lancaster Atrium Manila Condotel Suites. Investors can acquire a studio unit with no down payment, paying 67% over 60 months interest-free and the remaining 33% on unit turnover or extendable for another 60 months through a hassle-free finance plan. This makes the inventory appealing to investors looking to capitalize on the condotel boom.
Ensuring Secure Investments
Some UK investors previously hesitated due to concerns about property scams and lack of professional real estate practices in the Philippines. Pacific Concord Properties addresses these worries by adopting international property standards and operating with escrow trust account banking for all payments. This reassures international investors of the security of their investments.
For further information, please contact:
- Beth Collingz
- PLC International Marketing Networks
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This revised article aims for clarity and readability while highlighting the main points of investment opportunities and reassurances provided by Pacific Concord Properties.
You can find the original non-AI version of this article here: UK Property Investors in the Philippines.
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