Posts Tagged ‘asia’
Overseas property investors are heading to Boracay Island, Philippines
According to the Department of Tourism for the Philippines the country has received a 51% increase in tourist arrivals for the first1/4 of 2009 compared with the first quarter of 2008.
The Philippines has also gained the accolade of ‘Most Popular Destination in Asia’ at the last World Travel Fair (WTF) after the island of Borocay secured Best Leisure Destination at the event.
Borocay is one of the most popular destinations with 383,813 visitors; it is one of the main destinations to have increased tourism by 6% increase in the first half of 2009.
This is because Boracay Island features beautiful tropical white sandy beaches and azure blue warm waters as well as the championship gold course and as you may know golf in the Philippines and Asia is very popular attracting players from all over the globe.
It is the beaches and luxury resorts of the Philippines are one of the most essential factors making the Philippines an attraction for tourists and therefore investors interested in Philippines property investment.
Take the luxury Continent Fairways resort on Boracay for example which offers the choice of studios or 2 bedroom suites all fully furnished to a 5 star level.
Continent Fairways has seen a flurry of investments from overseas property investors as it provides both enjoyment and very good resort is to be operated as a luxury resort providing investors a NET yield from 12.4% a year (up to 14% on a few properties) which provides an annual income of $15,588 on studio apartments and $35,868 for the premium of the range, the 2 bed units, all guaranteed by the renowned ‘Continent Fairways’ hotel operator.
Each owner and their family, friends & guests will enjoy corporate membership with the world-class Fairways & Bluewater Resort Golf & Country Club which allows full use of the world-class 18-hole golf course and the club’s amenities at any time.
As you can grasp Boracay property investment has plenty of attractions with great growth in tourism and the new touristic resort investment properties which provide excellent opportunities for investors.
New tourist property launched on Boracay island, Philippines
The Philippines are made up of many fantastic islands in the Pacific Ocean that enjoys a vibrant tourism since the 1970s, despite a slowdown in visitor numbers and a slight decrease in the average time spent on vacation for the average tourist in the eighties.
The tourist industry a very important factor in the Philippine economy, with net income from overseas visitors totalled over $2Billion at the start of the decade. Slowly but surely we predict that the Philippines are emerging as 1 of the hottest vacation spots in Southeast Asia, therefore helping make Philippines property investment a very interesting prospect for foreign buyers.
We think that the beaches and holiday resorts of the Philippines are one of the main factors making the country a magnet for tourists and investors interested n Philippines property investment.
For example the luxurious new Continent Fairways Resort being built on Boracay, which is seeing a flurry of investments from overseas property specialists.
Continent Fairways is located on the famous and tropical Boracay Island which has been attracting a large amount of tourists for many years. And, investors in the development will benefit from guaranteed rental income so when ever you are not enjoying the property yourself; rental returns are stated to be a minimum of 12.4% p.a.
Continent fairways is a very attractive Boracay property as it is situated on the grounds of the front nine holes of a superb championship golf course with some of the best views imaginable, and will consist of luxuriously furnished one and two bed roomed suites.
A lucky few investors will have the privilege of buying one of the beautiful suites as only 42 studios apartments and 14 two bedroom properties are for sale.
The Philippines, predicted to be one of the world’s next 11 countries with the highest economic potential by Goldman Sachs, and one the fastest emerging tourist markets on the planet, global tourism industries fastest emerging front runners, making it important for individuals interested in Philippines property investment to start researching new resorts like Continent Fairways, vacation destinations and planned communities, and start making a move to claim a piece of the action for themselves.
Economic Growth Boosting Philippines Property Market
The current global economy is in a less favourable condition. Those with money invested in many traditional industries and companies have seen significant losses lately, and are looking for a safer place to invest their money. A growing number of investors are considering property as a viable option, but the question is where? Review some of the quiet but strongly growing economies of the world can reveal some unlikely options for making significant profits. Philippines property investment is one of the options that many overseas investors are paying considerable attention to, as the country is seeing large, sustained growth in both its tourism industry and economic strength.
Stated as one of the 11 countries with the greatest economical potential, the country is rapidly emerging as Asia hottest investment destination where clever investors are getting in early and buying up prime property before the rest of the world catches on. As with many investments, people who act early will be the first to see what are slated to be significant returns on their investment. Although important sectors of the Philippine economy continue to be agriculture and industry, such as textiles, automobile parts, electronics and food processing, tourism has also seen a sustained growth over the past decade, with billions of US dollars of net income coming into the country for both international and domestic tourists.
While most of the traditional industrial production takes place in and around the urban centers of the country’s capital, Manila, the city of Cebu, a metropolitan hot spot, is quickly becoming an attraction for foreign and local investors looking to get involved with Philippines properties in recent dates. Consisting mainly of Cebu Island and some smaller outlying islands, Cebu is a Philippine province is known for all of the things one would think about when you say “Tropical Island.” With beautiful coastlines, and coastal plains, with crystal clear waters, pristine beaches and limestone plateaus, Cebu is also one of the more progressively developed of the Philippine islands, with casinos, five-star hotels, world-class golf courses, conference centers, and shopping malls, in addition to the magnificent environment. Therefore Cebu property is emerging as the main Philippine property investment hotspot.
As you can tell, the Philippines property investment outlook is positive, with massive potential to reap the savvy investor significant returns on the initial investment. If you still have questions about the Philippines property market, you should definitely seek the advice of a trusted overseas property investment agency.