Preparing to invest in some luxury properties in the Philippines? Well, now is the high time for you to do so! Demand for luxury condominiums continues to skyrocket this 2019. And it is expected to continue increasing as time goes by. Wealthy Filipinos and Chinese investors are the main driving force of this demand increase.
During 2018, Manila became the top luxury home market in the world. This ranking has been conducted by Knight Frank Prime International Residential Index and is based on how the values of luxury homes increased from 2017-2018.
The residential property market of the country is continuing its huge growth into 2019. As the economy of the country continues to flourish, investors and business people will come in droves. This demand will only continue to increase over time. It is best to invest as soon as possible since the prices will continue to increase. You shouldn’t miss out on this opportunity to buy a cheap property and resell it for more later.
David Leechiu, the CEO of Leechiu Property Consultants (LPC), predicts that the prices for properties will continue to increase to record-breaking proportions. They also predict that this increase will continue this year, and on to the next year.
Due to the strengthened relationship between the Philippines and China, Chinese business people are investing. This then increases the increase in the value of a lot of properties in the Philippines, especially luxury properties. According to Mr. Leechiu, there were a lot of people who are having trouble selling their properties. This people suddenly became millionaires and billionaires overnight due to the value increase caused by the increased demand. Maybe you can be one of these billionaires in one fell swoop just by investing in the luxury property market in the Philippines.
Luxury properties in the Philippines attract investors from all over the world due to their high-quality construction and amazing locations. The prices of these properties can increase overnight along with the boom of the economy. There are a lot of luxury properties for sale in the Philippines, and it isn’t a waste to scout these properties and invest in them.
The prices of these properties have increased by at most 25% over the past 12 months. The prices of luxury condos in Metro Manila reached heights as high as 540,000 PHP per square meter. It is also expected that the supply for offices will increase by a whopping 34% in the next five years.
Take advantage of the fact that the prices for luxury properties for sale in the Philippines at the moment aren’t too high yet. Investing now is definitely worth your money. If you opt to resell the property that you have bought and invested in, you can be sure of a huge profit at a later date. There are always risk in investing, but when an opportunity as huge as this pops up, you should grab it. Luxury properties promise you a high reward by simply investing.