Country information, investment return, and location are some of the elements savvy investors commonly check
Even though the number of foreign property investors has decreased due to COVID-19, many foreigners are still interested in investing in the Philippines due to its positive outlook once the economy recovers, reported Inquirer.net.
Real estate companies were able to sell properties up to USD80 million, indicating some appeal from foreign investors. Hence, what are some common things property seekers look for?
Country information and economic parameters are important elements to inspect if the country is still a safe place to invest in. On top of common parameters like GDP growth and interest rates, investors also examine average age and urban population growth. The younger the average age, the higher the growth of the working population and demand for housing.
Investment return is undoubtedly an element in property seekers’ criteria. There are various risks that come with investing overseas, namely currency exchange rates, tax regulations, political and economic risks, etc. For all that, the risks are worth taking if the properties abroad offer high investment returns.
Reputable real estate developers remain the top choices for foreign investors, as these leading companies typically deliver projects promptly.
Location, location, location. In Metro Manila, investors seek developments situated near transportation hubs and commercial areas. For instance, agents say that many of their clients prefer properties that are accessible via the Metro Manila train stations.
Lastly, foreign investors will always examine the type of tenants the property location attracts. They often check the average income of the working population in the area, or the type of demographics the nearby schools attract to see if rent is affordable.
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