If you plan to invest in real estate worldwide, then the Philippines might be the best choice. The value of property in this country has been rising as more and more foreigners are taking an interest. There is a global demand among locals, so everyone is seeking more real estate opportunities.
Like other Southeast Asian countries, the Philippine real estate market also got weaker during this pandemic, but that also favors buyers. International investors take advantage of the situation and keep an eye on the foreign markets expecting a good deal.
Philippine real estate investments are considered among the top globally for many reasons. The current period in the Philippines is regarded as the golden age of infrastructure and can be the best investment time.
Good Rental Yield
Gross annual rental income is the return a landlord gets from their investment (before taxes). Comparing the rental yield of countries in Asia, the Philippines ranks at the top with 7.9%. It is a good indicator that a country performs well in real estate.
High Demand
On the prospects of better job opportunities, education, and facilities, many Filipinos are migrating from rural to urban cities like Makati, Cebu, and Metro Manila. This migration is a prominent reason for the increased demand for houses and rental properties in metropolitan cities.
The locals and expats are returning for retirement, foreigners are planning to settle in, and many tourists extend their stays in the Philippines. Steady growth in demand for housing has been seen.
The Philippines has a lot to offer as it is a very progressive country. With this technology and transportation advanced time, traveling across the seas is convenient for people. Understandably, people want to reap the benefits and take advantage of the opportunities, even if they are in another country. With the ease of globalization, you can quickly become a part of foreign real estate investment. Data of its growing economy shows that the Philippines has performed steadily well for many years. If we talk about the Philippines’ gross domestic product, it has risen since 1960. So there is no wonder why Philippine property investment is among the best in the world today.