Jan 4, 2008
Philippine Property Investment: Condotel Profit Assured
You can buy an apartment in a centrally located Philippines skyscraper from as little as £26k” said Beth Collingz of PLC International. It’s not just the alluring investment environment of the Ortigas Central Business District that draws investors to Philippines, its more to do with the properties expected higher than average 12% yields and exceptional real property off plan 70% growth in the last 36 months.
Foreign investors can own condo properties on freehold basis, amidst the sustained, aggressive and growing Philippine economy. With no prequalification easy 6 year interest free credit available and up to 12 year buyers finance plans available, all unit owners can spread their payments and reduce the initial amount of cash they require to get a piece of this prime Condotel.
