The Philippines is an archipelago in South-East Asia of more than seven thousand islands located between the Philippine Sea and the South China Sea at the very eastern edge of Asia.
With a population of about 100 million people] the Philippines is the seventh-most populated country in Asia and the 12th most populated country in the world. An additional 12 million Filipinos live overseas, comprising one of the world's largest overseas foreign workers groups in the world. Multiple ethnicities and cultures are found throughout the islands.
Many wonderful beaches are just part of one of the world's longest coastlines and it takes about 20 years to spend a day on every island. Since Spanish colonial times, the country has been Asia's largest Catholic country. Over a hundred ethnic groups, a mixture of foreign influences and a fusion of culture and arts have enhanced the uniqueness of the Filipino identity and the wonder that is the Philippines.
The Philippines has two faces best seen through the eyes of Makati and Boracay. Makati is the number one business district of Manila and of course the Philippines being responsible for 49% of the GDP of the whole of the Philippines. When you are in Makati you could easily be in Manhattan or the City of London or any other capital city of the world except it is only the business capital of the Philippines. Now if you were to visit the Island of Boracay you then see the paradise side of the Philippines with Turquoise blue sea and Caribbean style white sand and a wonderful Philippines party lifestyle.
The reality is Philippines has something for everyone from the best beaches in the world, best nature in the world, to fantastic culture and finally capital city life. The Philippines has it all. You just need to choose what part of the Philippines you want to enjoy the most.
Besides being the second fastest growing economy in the world today the Philippines is located right in the heart of Asia, today the fastest growing region. It is located within four hours flying time from major capitals of the region. Sited at the crossroads of the eastern and western business models, it is a critical entry point to over 500 million people in the Association of Southeast Asian Nations (ASEAN) market and a gateway of international shipping and air lanes suited for European and American businesses.
More than just a location, investing in the Philippines is about making a strategic business decision. The Philippines is one of the more dynamic markets in the global economy, its general economic outlook improved significantly in recent years and the country has made promising headway towards more sustainable and equitable economic development. Bright spots in the economy include Real Estate, tourism, mining, agriculture, bio-fuels and renewable energy, and infrastructure. The Philippines is endowed with rich and diverse natural resources that provide seemingly unlimited opportunities?
The Philippines natural pool of talents and culturally adaptable human resources, position the country as the most value-for-money destination for investments in the Asian region. The Philippines places a high-value on education that equips the labour force with world-renowned technical competency and English proficiency.
The global investment banking and securities firm Goldman Sachs has named the Philippines as part of the N11- the next 11 countries (Bangladesh, Egypt, Indonesia, Iran, South Korea, Mexico, Nigeria, Pakistan, The Philippines, Turkey and Vietnam) with highest economic potential in the world.
Significant reasons for "Investing in the Philippines" :
Manila and the Philippines has suffered from under development for decades due to corruption and lack of funds. This means the country now has a significant way to go to catch up with the infrastructure required to help it sustain its current high rate of growth.?The Philippines has wealthy and successful neighbours looking for investment opportunities in a stable country who are now helping to fund the infrastructure which is required.
With the current economic upturn in Manila creating many new jobs in Manila and also attracting many of the world's top companies there is a shortage of decent residential accommodation.
The Philippines is blessed with one of the best educational systems in South East Asia which means that English is spoken by almost everyone and that English is the language of business. Proof of the high esteem that education is held can be seen by the millions of Filipinos who work around the world as nurses, engineers and other skilled professions. These people are called 'overseas foreign workers' [OFW's] and bring more revenue to the Philippine economy than any other source and are currently the largest buyer of investment property in the Philippines.
The property sector in Manila is well regulated allowing the buyer to have peace of mind that their investment is secure. The major developers in Manila are well known and have won awards and projects internationally which they have developed to very high standards.
Manila due to the excellent level of English spoken by the local people has become a rival to India for the 'International Call Centre Business'. This is an extremely lucrative and sustainable business for Manila which employs thousands and helps multi-national companies in Europe & the US reduce their costs.
With the booming economy in Manila dragging workers into the central business districts rents are high and often unaffordable for many creating long commutes for them into work.
This means that rental yields in Manila are high compared with other capital cities around the world including SE Asia giving the buyer a yield which can be over 7% annually.