Concord Property Management

In the Philippines, it is not just that condos are comparatively cheaper and relatively easier to maintain than a detached home. In recent years, they became the first residential property investment and the best may be yet to come, "said Beth Collingz, International Sales Director, PLC International, the lead marketing partners for Pacific Concord Properties Inc Lancaster Hotel Brand Condo.

Collingz said according to his research on the value of properties in the Philippines since 2000, mid-market condos in Manila have increased in value by 120 per cent to an annual rate of 17.14 per cent for new houses rose by 25 percent since 2000 or 3.57 per cent per year and resale homes rising 20 percent since 2000 or 2.85 per cent per year. The median price of a condominium studio type into force in Metro Manila is around $ 53,000 for 2007, up some 55 percent of $ 34,000 in 2005 while prices mid range accommodations in the range $ 90,000 for 2007 are only up about 8 percent of $ 84,000 in 2005.

Increased demand for condos, hotels, accommodation in the short and medium term rental, offices and shopping centers in the Philippines, home to a population of nearly 80 million euros with a significant number of additional 10 million overseas Filipino back "Baby Boomers", is also fueling rents. Residential rents in Manila rose 26 percent in the three months to March 2007, their strongest growth quarter to quarter and more than a decade, a growing IT companies to settle in the Philippines. Companies like Texas Instruments are investing $ 1 billion in expanding operations in the Philippines. premium rents have increased by about 13 percent a year earlier, said Collingz.

projects Collingz that rents in the region are set to jump to efficiently provide at least 8.7 percent per year over the next five years, compared to 3.3 percent in the United States and 3.7 percent Europe. Yields from 8 percent to 14-16 percent ROI on the contrast-income rental property with 4 percent to 5 percent that private equity firms take the U.S. and Europe.

These facts give rise to significant value to investments in the Philippines Condotel Collingz said. People are generally looking to shift fund flows relatively towards Asia, Collingz said. He has already had a profound impact in markets where there is a lot of this money chasing the same assets. In Singapore, the second largest market in the region after Japan, investments by private real estate funds accounted for seven of the 19 offices blocks, worth 6.7 billion dollars, sold since September 2005. REITs bought six. A fund of Goldman Sachs paid $ 690 million for both buildings that house last November at the headquarters DBS Group Holdings. In Hong Kong, real estate funds of Morgan Stanley and Macquarie Bank paid a total of 7.9 billion Hong Kong dollars, or 1.02 billion dollars for four office buildings March to May, according to a recent article published by CB Richard Ellis.

As in Singapore, Japan and Hong Kong are becoming saturated, the Philippines will be the next real estate market to attract substantial foreign investment. Falling prices and spending money retirees are also directing foreign attention to the hotel condominium in the Philippines, which in turn pushed up most of the construction. Much of this interest is driven by market prices relatively cheap here compared to Europe - particularly in housing prices in the UK - and payment options available for condominium hotel developments easier, "said Collingz . The buyers gain rental incomes that on today's purchase price should give a return on investment of approximately 8 percent to 14-16 percent, according to the method of payment for the unit "she said.

Metro Manila remains a popular choice with international buyers and institutional investors. Collingz says clients tell her that he made mo.