Good Reasons to Invest in the Philippines’ Real Estate Industry
The Philippines is a tropical country located in Southeast Asia. Also an archipelago, the country is home to 7,641 beautiful islands, three of which are its main regions Luzon, Visayas, and Mindanao. Being a tropical country, the Philippines has easily become a favorite tourist destination among foreigners because of its stunning islands and beaches scattered all over the archipelago.
However, more than the country being a tourist destination for all island and beach lovers, as well as adventure seekers, it has also started becoming a popular choice when it comes to real estate investments. Real estate, for one, has always been one of those industries that continuously thrive over time. True enough, today, the real estate sector continues to boom and make its way to the top.
Being said that, as an investor, your default and initial reaction is to want to seek and know proof that something is actually worth the investment. Are you someone who’s looking forward to investing somewhere in Southeast Asia, particularly the Philippines? To encourage you further, here are a few good reasons why you need to invest in the Philippines’ real estate industry:
High Economic Growth
The Philippines remains as one of the fastest-growing countries in terms of economy in all of Southeast Asia. According to the International Monetary Fund (IMF), the country’s gross domestic product (GDP) growth has significantly increased over the years from 2016 until today. The IMF predicts that the Philippines’ GDP growth will remain steady as the new year enters, which is primarily caused by high domestic and international demands.
The stable–or rather, improving–economic growth rate of the Philippines boosts the confidence of many investors from all over the world to invest in Philippine real estate properties.
Increasing Number of Foreigners
As mentioned, the Philippines is a popular country amongst foreigners, mainly because of all its tourist destinations, beautiful islands, beaches, mountains, and so much more. However, over the years, foreigners come to the Philippines not to travel and visit beaches one day and leave for another country the next. Today, expats or retirees from different parts of the world prefer moving into the Philippines because of its weather, affordable cost of living, and hospitality, among others. In fact, the country is ranked as the top 10 countries where expats choose to live their happiest lives.
The Philippines is well-known for the locals’ warm personality, friendliness, and hospitality. Regardless of employment, whether an expat or not, the Philippines is definitely an excellent choice to live in. Therefore, home-buying and renting gets increasingly popular, which is an obvious opportunity for investors in the real estate industry. Due to the constant influx of demand for the country’s real estate properties, [investment] value is then believed to potentially increase. So whether you have invested in a mere property lot, like the Pahara by Megaworld, or a condo unit, or maybe an actual home, there is definitely an opportunity for you waiting somewhere out in the field.
Countless Returns and Benefits
If you still did not know, the Philippines is also one of the countries in Southeast Asia with a pretty stable real estate market, which only means that the longer you plan to invest in real estate properties, the more you’ll earn profit from all (if you have more than one) of it. In turn, your real estate investment becomes a great source of reliable capital to finance your other or future investments.
Relatively Fewer Risks With Fixed Assets
While all investments have risks, real estate is known as the safest ones when it comes to investing. Investing in the real estate sector means you’re unlikely to get affected by fluctuating markets, which, in turn, gives you the opportunity of profiting more as your property investment’s value is also believed to go up over time.
Also, unlike stocks, property investment can never just randomly drop down to zero overnight, which means the lot you invest in gets even more valuable as time goes by, giving you enough financial security and ensuring that all your assets or properties within the country are constantly growing.
To wrap it all up, the Philippines is indeed an excellent place to invest in, especially its real estate industry. If anything, I’d say now is the right time to invest in the country’s real estate market, lots, and other properties based on those reasons mentioned above. Right here and right now, your money can and will never go to waste!
Angelo Castelda works as a contributor for various real estate websites, including Megaworld Infinite. He is extremely knowledgeable and up-to-date with the latest news and trends in the Philippine real estate industry.