Apartments In Manila

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Positive Economic Growth in the Philippines is Good News for Property Investors   by John Capps

Investment opportunities in the Philippines and specially Manila continue to prove popular with foreign buyers due to the Manila's consistent growth and the government's regeneration projects like the Pasig River Rehabilitation Commission (PRRC) for example.


The IMF's recent report showed a 7.3% growth in the Philippine economy - the highest in 34 years - in 2010, highlighting the highlighting strength within the world-wide market.


"The Philippine banking sector is reasonably isolated from what's been going on internationally, that includes both exposure to sub-prime and other assets with questionable values," James McCormack, Fitch Ratings, stated recently in regard to keeping its stable outlook for the Philippines because of the country's monetary and financial stability.


Experts in the real estate sector anticipate that properties in the Philippines will appreciate over the next 10 years. The "Pearl of the Orient Sea" is no stranger to growth. Tuano, chairman of the Philippine Business Council states,


"The Philippine real estate market has experienced a nominal year-on-year growth of 10 per cent for the last five years, despite recent events affecting the global property market".


The Philippines is rich in natural resources. Because of easy access to raw materials, the country has become a hot spot for manufacturing companies who are outsourcing plants for production. This outsourcing has created jobs and economic resources for the country. In 2008, the Philippines was rated the 40th wealthiest urban agglomeration in the world. With the growing need for raw materials, it is expected for this rating to jump bounds within the next 5 years.


With more and more corporations outsourcing their plants to the Philippines, there is a need for Philippines property near the industrial center of the metropolitan area. Makati, Manila, and Rockwell have become the most popular residential areas because they offer an easy commute and luxurious accommodations. Most residents in the Philippines prefer to rent apartments and condos because they are updated and comfortable. The demand for housing is also growing; however, most residents prefer the advantages of living in apartments in Manila.


So property investors can expect high capital growth particularly in the favourite city areas like Makati in Manila for example. Also rental income in Manila is also high.


The 2009 CBRE Asian Market report highlighted that luxury residential rental yields in Manila were 7% - 10% and within the highest in Asia. It is anticipated that rental income for luxury residential apartments in Manila, particularly new Makati condos, will increase to 10% -13% plus in 2011 and the future.


Manila is a popular destination for investment as the demand for property has risen continually due to its increasing population and the strength of its business district. With this steady growth, the opportunity is now being offered to international investors in the Europe and the UK to be a part of Manila's first residential waterfront development, the Acqua Private Residence.

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Find the best apartments in Manila deals in and around Metro Manila, Philippines. Learn more- Acqua Private Residences.
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apartments in manila
apartments in manila
apartments in manila