Condotel Investments in the Philippines Attract Foreign Investors
UK Property Investors, London Stockbrokers, Property & Estate Agents and Overseas Filipinos based in London are taking advantage of the Cheap Philippine Real Estate market and easy terms of payment, to snap up Condotel investment properties in Metro Manila and Cebu.
Pacific Concord Properties, Inc., Flagship Lancaster Atrium Suites Condotel [Manila] development located along Shaw Boulevard, Mandaluyong City, Metro Manila, is one of the hottest Condotel Investments in the Philippines where property investors, apart from real estate appreciation initially reckoned to be 100% for early investors, will get projected Rental Incomes on their units of some 14-16% per annum once fully operational from 2010.
To be called Lancaster Atrium [which is the second Tower adjacent to the existing ìSold Outî Tower I] Condotel Studios, One, Two & Three Bedroom Suites are currently available to Property Investors adopting International Standard Escrow Trust Account ìBuyer Safeî Easy Secure Payment PlansÖ with 6 year interest free payment terms or up to 12 year no prequalification "In-House" financing [available to all overseas buyers], full condo ownership, no management costs for Condotel Suites, no enrollment charges for joining the Condotel Rental Pool, and minimum monthly maintenance fees, as buyers or sellers of Real Estate you really should take a moment to look at this Philippine Condotel Investment Opportunity
According to Beth Collingz, of PLC International Marketing Networks, a Lead Marketing Partner with Pacific Concord Properties Inc., whom have Condotel developments in Metro Manila and Cebu, and specializes in working with international clients: ìMy phone has been very busy with buyers from the UK, Scotland and Australia interested in purchasing investment properties and holiday homes here.
A lot of this interest is being driven by the relatively cheap market prices in the Philippines compared to Europe, specially UK Housing prices, and the easy payment options available for our Condotel Developments, but there are other factors, too. Offshore Property Investors, Foreign baby boomers as well as overseas Filipinos, are looking for ways to maximize their return on investments as they approach retirement, and so are purchasing second homes, particularly Condotel Investments where they can use the Condo for vacations and rent it out through our In-House Condotel Management when they are not using the unit thereby gaining rental incomes that on todayís purchase prices, give a projected ROI on their investments of some 12-16% depending upon the mode of payment for the unitî
Beth Collingz, who runs PLC Global Pinoy, an internet based marketing network specializing in Condotel Investments in the Philippines, indicated that more than 85% of all Condotel sales in Metro Manila were to international clients. While such a level of foreign-purchasing activity is not as high in the Philippines provinces, Cebu in particular, has seen a sharp increase in real estate purchases by international buyers in the past several years.
ìThese international buyers know itís a buyerís market in the Philippines right nowóthere are a lot of properties available and fewer local buyers,î Collingz said. ìIím working with clients who are purchasing their second property with me. We also have referrals from many of our prior customers and new clients who have found us through our Condotel Investment Web sites, http://www.lancastersuites.com and http://www.plcglobalpinoy.com which include a special section for international buyersî
For more information on Philippine Condotel Investments please do not hesitate to contact us:
Beth Collingz
PLC International Marketing Networks