Philippines real estate stabilizing!

Demand for philippine real estate has stabilized across all sectors, including the high-end segment which was hit the hardest by the financial crisis... read more on this at http://business.inquirer.net/money/topstories/view/20090525-206905/Ayala-bank-property-arm-bullish-on-RP-market.

Philippine Real Estate Market Luring Investors

Despite the doom-and-gloom scenarios splashed all over the news wires in the West, the Philippine real estate market has been luring investors.

Philippine property developers have announced that confidence the real estate sector has bounced back in the first quarter of this year.

In the last couple of years, many investors have put their money in the stock market only to see their life savings diminish. Some more complex investors entered the derivatives markets banking on the sales pitches of their financial advisers and then lost money. Some conservative investors put their funds in banks and got very little returns.

The price of Philippine real estate did not go down. In fact, some developers even increased their prices. None of the developers reduced their prices.

More on this story: http://business.inquirer.net/money/topstories/view/20090427-201602/Property-market-luring-investors

Philippines as a Retirement Destination?

Certainly, why not? With the cooperation of both the private and public sectors, the Philippines should be in a good position to take the deluge of baby boomers who are retiring.

Integrated approach to bolster RP as retirement destination sought

By BERNIE CAHILES-MAGKILAT

April 6, 2009, 6:07pm

As Mexico , Panama and Spain are overheating in hosting the world’s rich retirees, the Philippines could be the next retirement destination but it should first get its act together by putting up an integrated approach led by the government.

Susan Barlin, chief executive officer of the US-based Barlin International Group (BIG), a consultancy firm on business development specializing on the real estate sector, said the potential of these retiring baby boomers are huge and not one country can monopolize them all.

"Our message to American baby boomers is that they can still retire luxuriously at prices they can afford and with facilities and lifestyle that are now at par with U.S. standards," she pointed out.

“But then we have to know how to do it, how to offer it and learn about the market,” Barlin added. To put up a credible global pitch for the country, Barlin urged a united effort that is spearheaded by the government.

She urged the Department of Tourism, the Philippine Retirement Authority, the Housing and Urban Development Coordinating Council, private real estate developers, realtors and the hospitality sector should put their heads together to promote and develop destinations.

“But this should be spearheaded by the government to lend credence to this effort,” she reiterated. Barlin noted that American homebuyers, especially the growing number of baby boomers, are presented with affordable local and international real estate investment opportunities.

Barlin said that Malaysia and Thailand are both above the Philippines in terms of retirement destination. “But we can do this with the government spearheading and we can do it while everybody else are sleeping, but we have to do it right,” she added.

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This home is completely brand new

Ever gone house hunting? Have you noticed how these brand new developments have such beautiful model houses? Don't you just fall in love with these models? Well, take a reality check! When you tour these developments, make sure to ask what the turn-over unit looks like. What do I mean? Well, does the home you are buying come with a finished kitchen? Does it come with the kitchen cabinets? How about the kitchen faucet? Seriously, you really have to ask! Don't assume that what you see is what you'll get.

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