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One to Watch… The Philippines
November 18, 2011Article by Ray Withers
During the third quarter of this year we turned our attention to the Far East to identify which of the Asian Tigers were still purring. Following on from this research we have been busy identifying new opportunities for our investors seeking secure returns in these booming economies.
After extensive searching, I believe The Philippines provide a great focus for our property investors seeking strong returns outside of the troubled Eurozone and other western economies. The economic crisis in Europe and the United States has not affected growth in the Philippines. In fact forecasts from the Banco de Oro Universal Bank (BDO) expect a five to six per cent growth from this year to 2012.
In particular the Special Economic Zone near the capital Manila is an amazing opportunity to invest in what is already a well-established economy. The first opportunity I have uncovered here is an internationally-branded luxury hotel located close to Manila in the Special Economic Zone in Angeles City.
Angeles city is the home for the city’s emerging technology industry with western companies including Texas Instruments operating there already. Its economy is also based on tourism and leisure, and as it is one of the few cities in the Philippines with an airport, Angeles is visited by foreigners all year round. There is a huge undersupply of international-standard hotels in this booming area and I believe investing in a hotel studio suite is an excellent asset class to add to any property investor’s portfolio.
We plan to be launching our first hotel project there very soon and with pre-launch prices from as little as £45,000, mortgages available from 50% to 90% LTV, and annual net yields projected at around 16% we expect demand to be strong.
To register your interest call today on +44 (0) 1865 202 700 or email email@example.com.