A friend adviced me to invest my savings in Real Estate and he told me that Philippines is a good place to start since it is still cheap. Can anyone of you give me an advice on this?
Hi,vngrape said:A friend adviced me to invest my savings in Real Estate and he told me that Philippines is a good place to start since it is still cheap. Can anyone of you give me an advice on this?
Investy said:I love the Philippines, had my honeymoon there. Possibly the most under rated place Ive been and far far prettier than the Bahamas. 7000 tropical islands, many unhinhabited - bliss.
I was going to buy in Manilla a few years back but found it was better to focus closer to home where just as much if not more money can be made yet easier to manage as so much closer.
I was offered an appartment in Boracay recently by an agent. It was £40000 I think and right on a lovely beach. Foreigners can't own land as Im sure your'e aware.
lmcrealty_ph said:May I know if you are still interested regarding to your friend's advice...if you are I may be able to help, I am a Filipino Citizen and real estate is our business.
The lot price here gets higher month by month or by years especially the commercial lots and subdivisions attached on the hi-ways, an example is the aguinaldo hi-way in Cavite by 1990s the price was US$204.08 now it jumps to $816.32 (Php10,000 - Php40,000+). Because of the commercial buildings like malls why the price hiked.
Now there is another hi-way called Bacao also in Cavite, it is still not that crouded but soon to be crouded because of the popular mall that will going to build there and I beleive that it will affect the price of the commercial lots on that road.
Foreigners can't own land but can own condominium that I can offer you.
Please reply to me at [email protected] if you are still interested.