Manila property is hot news at the minute, it has been one of the most popular, and profitable destinations to invest since 2006, and is still going strong. The Philippines is currently the no1 property investment destination, according to DSR research of 2008 thus far, and Manila is currently where the boom is within the Philippines. Like many of the most profitable emerging markets, property in Manila is so massively popular because prices are so low, and, with growth potential so high, it is a very appealing entry-level investment, drawing in its share of first-time buyers keen to increase their buying power back home where property is more expensive.
All Manila property is investment property, there isn't an inch of land anywhere in the massively growing city that won't appreciate in value by at least 24% per year. Rental yields are currently sitting around the 8% mark on luxury partments, but this is expected to hit 12% over the next two years. Taxes on Philippines property are high, but your profits on aManila investment are likely to be so large that there is plenty left after taxes are paid.
Make no mistake, despite its emerging market status, Manila property is one of the safest investments you can make.
Our Manila Property
Manila is growing so rapidly because of the fact that, worst hit by the Asian economic crisis, when Asia began to turn around, Manila became very attractive to businesses because costs could be kept lower than almost anywhere else in Asia. Because of its business fuelled growth Manila's Makati financial district is an area within the city seeing spectacular growth even for Manila, as well as enjoying a particularly strong rental market.
Our property in Manila is a three tower development of luxury studio-3 bedroom apartments priced from £33,000. They are ideally placed to enjoy 8% rental yields now, increasing to 12% in the coming years, and at least 24% annual appreciation. Find out more about Philippines property.
About David Stanley Redfern David Stanley Redfern is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.
Media enquiries should be directed at: media@davidstanleyredfern.com
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