philippines real estate alabang
Posted in Philippines General Information on 06/16/2007 11:25 am by admin
Investing in Real Estate in the Philippines?
How is the real estate market in the Philippines? I know a lot of Baby Boomers Balikbayans is now looking at to retire. They can not retire in the U.S., Canada, Australia, ect, as too expensive. However, the Philippines is a lot cheaper for them to buy a place and retire. So I was wondering if it is worth it to invest in Philippines real estate. Also, I want to know if a lot of new condos in the Global City, Makati, Ayala, Alabang are selling? Are people buying all the property they or the empty homes?
For us the ans is yes. The characteristics the names of all inmy wife's which does not bother me a little. I retired here in Iloilo City in 2002. I have many subdivisions all gone by at least 20% a year for the past 3 years and I see them going nothing but up. My wife is not a U.S. Citizen so he can collect SS or my pension when I die. For me real iestate is by far the best way to invest money here. The House and sells a premium price. One of the reasons I think for foreigners here can not own any property Condo's only.
