Why Invest in Real Estate in the Philippines especially the OFW?

More and maore Overseas Filipino Workers are seeking a retirement with dignity around the world with a dream of rang to the Philippines for retirement. There are basically two real estate markets in the Philippines – one comprised of local buyers and sellers, and the one comprised of foreign and OFW buyers and sellers. It is this latter market that is poised for a boom.

There is a huge and growing OFW remittances that are seeking an investment vehicle to set up a retirement pension, yet only a handful of investment vehicles are available for them. The Philippines relatively inexpensive retirement destination where you can make your retirement dollar really stretch.

If  you're into Real estate investment, you expect the properties will give you good turn around in the future, then do start picking areas that are currently booming in the market such as Cavite, laguna, bulacan, and batangas, to name the few. Last year Palawan and Mindoro area are still unoccupies, but to date, most of the areas are converted into resorts and subdivisions.

Tagaytay and Baguio, both known for their cold climates, were popular back in the days for expats and tourists. To this day, it became more popular because of more resorts and hotel coming. It has maintained expat villages and communities. Owners of these lands and houses from time to time sell their properties to look for newer locations for newer adventures.

If you're lucky, you might spot one of that in the Philippines at the verge of a phenomenal future.

Overview of Economic Status of the Philippines.  

• The Philippine currency continues to be strong and resilient, fortified by the economic management of the current administration.·          
• We are on the verge of the biggest real estate boom in history, set to totally eclipse the 1997 Asian crisis, and fueled by money from Filipino Expatriates, foreign investment.
• Among the top priority infrastructure projects to be completed by 2011 are the LRT line 1 to NAIA, the P21-billion Subic-Clark-Tarlac Expressway, the P6.9-billion Subic Port development the P1.3-billion North Expressway-South Luzon Expressway connection via C-5 Project, and the Edsa Rehabilitation Project., Cavitex. ·          
• The Philippine Stock exchange hit a nine-year record in 2006, opened in 2007 some 30 percent higher, and continues to be strong.·          
• The Philippines has emerged a strong second to India in the global outsourcing market·    The Philippines is becoming a much preferred option as it has stronger cultural ties to the United States than India.·         
• Remittances from Filipino Expatriates have grown to over $1.2billion dollars a month!·        
•   A surging demand for real estate is expected to sustain a continued surging growth of the Property industry.

* consolidated article on real estate 2011.