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Global Economic Instability? Not in the Philippines!

September 6, 2013Article by Ray Withers

While much of the world has been struggling financially, the Philippines has been ignoring the trend and achieving better than forecast economic growth. In the 2013 April to June quarter, the country’s economy grew an impressive 7.5% from a year earlier, making it the fourth consecutive quarter that the economy has grown by over 7%.

An expanding economy

Thanks to conservative economic management, the Philippines remain an exciting investment prospect, continuing to attract investors who have become cautious of other Asian countries in recent weeks. The Philippines growth has boosted investor confidence, with solid domestic demand countering global pressures.

A booming tourist destination

The Philippines reputation as a booming tourist destination is also on the rise, with a record 2.38 million visitors during the first half of 2013. The recent ‘It’s more fun in the Philippines’ campaign has raised global awareness of how much the country has to offer and is predicted to lead to a steep rise in tourist arrivals, reaching 10 million visitors per year by 2016.

An untapped opportunity

With glorious beaches, a friendly culture and a fascinating history, the Philippines is now putting itself on the map as a luxury tourism destination. The mountainous city of Tagaytay, which overlooks the stunning Taal Lake is one of the country’s most popular tourist destinations and is currently exciting investors looking to be a part of this growing sector.

Coming soon

As a leader in identifying emerging markets in which to offer investment opportunities for its clients, Property Frontiers will soon be launching an exciting new resort and lifestyle investment in the Tagaytay area. Details are currently under wraps, but if you want to be the first to find out about this incredible new opportunity, be sure to get in touch today by calling +44 1865 202 700 or emailing info@propertyfrontiers.com.

Author

Ray Withers

Ray has over 17 years’ experience in the international property market and bought his own first international property investment back in 2002. Aside from running Property Frontiers, Ray has been involved in residential, hotel, student and commercial property investment and development in both the UK and overseas and co-wrote "Where to Buy Property Abroad - An Investor's Guide". As Founder and Trustee of the Frontiers Foundation, Ray is directly involved with many of its projects to ensure they have a direct and tangible impact in individual communities across the globe. He is passionate about property, travelling, scouting out new opportunities and finding time to spend with his young family.
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