Philippines Property Investment For Sale
"The second fastest growing nation in Asia."
Comprised of 7,107 islands in the South China Sea, the Philippines are renowned as a stunning holiday destination with white sand beaches and azure seas. However equally the Philippines has been associated with a tirade of bad press involving corruption, dictatorship, terrorism, economic weakness and natural disasters. Although the undertones of all these problems do ripple throughout this diverse country, much is changing in the archipelagic nation.
The Philippines is now the second fastest growing nation in Asia behind the colossus that is China, thanks to the growth of both service and industry. The government is also making some progress on improving the problems with poverty, education and health although there is still some way to go. Infrastructure improvements in transport and the growth of tourism will both continue to help fuel the expansion of this emerging market and help to dispel the high unemployment , acute poverty, poor human rights, slave labour, unequal distribution of wealth, regular terrorism, astronomical food prices and corruption.
It is all not gloom and doom for the potential property investor however as property prices are generally low although there are restrictions of foreign ownership and taxes are high for non-resident owners on both rental returns and on sale. The easiest opportunities for overseas investors are to buy apartments in the capital Manila and the larger Metro Manila region or at the nearby coastal area of Batangas.