The Philippines is made up of over 7000 beautiful tropical Islands. However it is the major populated destinations like Manila, Quezon City, & Cebu which have an ever increasing educated work force especially in the I.T industry and because of this fact a growing number of businesses are establishing head quarter, offices and outsourcing work and projects to the Philippines.
These areasalong side some of the of all kinds from around the world.
People who are seeking to make capital from Asia property be it commercial, residential and or the touristic property demand have now discovered that the Philippines is an very attractive option.
This along side other factors mentioned in a recent press conference have predicted that the property market in the Philippines will grow by 10% this year.
’Real Estate services firm CB Richard Ellis Philippines sees an uptake in the property market growing by at least 10 percent this year pushed by liquidity, election spending, bank lending and the enactment of the REIT (Real Estate Investment Trust) law.
In a press conference, CBRE Philippines chairman Rick M. Santos, said the growth would be across the board but it would be led by office followed by residential and retail. It was also mentioned that although the growth is office led the tourism sector would also see the development of more hotels and resorts and the emergence of entertainment complexes. <>Source: IRMA ISIP – Property market to grow by at least 10%.
In our opinion it is the property investment opportunities aimed at the tourist market that are appealing to many overseas property investors that are not only looking to make capital gains but also enjoyment from the property they are investing in.
An example of this type of Philippines property investment is the Continent Fairways investment opportunity on the beautiful Boracay island which has proven very attractive as the investment privides a good rental guarantee provided by the management company of around twenty percent as well as excellent personal usage, owners can enjoy their properties whenever they desire but the amount of usage they have will of course be taken from the amount of rental income they receive.
Video of Continent Fairways Investment Opportunity
An opportunity like Continent Fairways is attractive as it takes out all of the hassle, work, and cost involved in managing and renting the properties for the initial investor. The investors benefit from a high guaranteed rental income as well as usage and the expected capital growth. For more information about Continent Fairways visit www.continent-fairways.co.uk
For many years Madeira has been well known for its superb year-round weather and the rich natural beauty of the Madeira flora and fauna, fed by the fertile volcanic soil. And of course the clean fresh air and majestic beaches, over 20 certified Blue Flag beaches, have drawn from an increase in health and wellness provided by such a place as Madeira.
Health and wellbeing tourism is constantly increasing according to the Portuguese National Tourist Office and the Portuguese Chamber of Commerce in the UKand is predicted to rise by 5-10% by 2015. This is of interest as at a major conference on Health and wellbeing held at the beginning of November, Madeira has been identified for its potential in this increasing market.
Madeira airport was initially launched in 1963, full of eager passengers from Germany, Scandinavia and the United Kingdom seeking winter sun and a Mediterranean alternative to the Costa del Sol package holidays. This is still true today with Madeira attracting a discerning profile of tourists all year long. Luxury cruise arrivals to the archipelago are very popular with Funchal, the capital, still a favourite stop on the Atlantic cruise routes.
Easy access.
It is now gettingbegin flights from Manchester airport from 3rd May 2010 for as little as £49.99 one way (including taxes) to Funchal.
Ian Doubtfire, Managing Director at Jet2.com comments,
“Madeira is a stunning island and an absolutely fantastic summer holiday destination which I am sure will be extremely popular with our customers in the North West and beyond.”
Duarte Ferreira, Director at Madeira Airport, goes on to say,
“The launch of this new scheduled route is extremely positive news for Madeira and will open up this beautiful region to many more visitors. The creation of this brand new link, especially at a time when other operators are looking to cut costs and services, plays such an important role for tourism in the region, benefiting the local economy and people working and living on the island. We hope that this partnership with Jet2.com will result in the opening of several new routes from the UK in the near future.”
This is great news for people seeking a nice holiday, the increasing number of people choosing Madeira property as another home or vacation home destination, and of course property investors capitalising on the increasing popularity of this magical island.
Here is a video of a new property for sale in Madeira which highlights the beauty of the island.
Experience International a leading overseas property investment specialist has also identified this trend and created
‘The Magic of Madeira – Lifestyle & property magazine”
Which features
“Why I’m mad for Madeira” by the former editor of Homes Overseas
Essential market information
Top 10 reasons to pick Madeira
Buying Guide
Property listings featuring brand new properties
Discovery Tours
You can pick up your copy of the magazine at no cost buy visiting www.madeira-property.net
Istanbul property is now tipped as the place to invest for 2010. Istanbul is known as the gateway from west to east and that it provides western society and security as well as the promise of the east’s captivating cosmopolitan culture and vibrant environments.
The latest Emerging Trends in Real Estate Europe Report just released by PWC and the Urban Land Institute rank Istanbul, European Capital of Culture, number 1 in City Development Prospects in 2010.
property investment in Turkey has been popular and profitable for the past few years now but a high percentage of the developments and marketing in the overseas property industry was more orientated towards the holiday lifestyle homes on the Med for example and has been attractingmany overseas property This non eurozone country has capitalised on its attractive climate, stunning Aegean and Mediterranean coast, low cost of living and ease of access from the UK with 73,000 overseas nationals (Turkish Statistical Institute) already calling Turkey home.
We would like to highlight that Turkey’s property boom is also due to rapidly growing cities such as Istanbul where the significant Istanbul property market deficit presents opportunity.
As Managing Director of Experience International, Steven Worboys, comments,
“The success of Istanbul’s property market is a simple matter of supply and demand. Due to the fast growth of the city (some 400,000 new inhabitants arrive each year to work or study) the existing housing stock has reached capacity. It is estimated that 250,000 new homes per annum are required until 2015 according to the Real Estate Investment Trust Association to meet the demand generated by foreign as well as domestic investment.”
Istanbul is now establishing itself as the economic powerhouse of Turkey, offering some of the most attractive investment opportunities available.
Crystal Heights Istanbul
Crystal Heights is an apartment tower of 337 luxurious and contemporary styled 1 & 2 bedroom apartments and duplexes and a great example of one of the latest and most attractive Istanbul investment properties available. Investor can get involved for a low cash outlay of only £13,500 (fixed in sterling) when taking the 70% finance option. Crystal Heights provides a 2 year rental guarantee at 7% p.a. protected on completion in 2011 through collateral from the rental management company. the average rental income in Istanbul is around10% and as the development is top quality and demand in high investors can expect similar if not higher rental income from the property after the first 2 years guarantee.
For more information about this development and to download a free invester report please visit www.istanbul-property.com.
Renting out a fully furnished property is a good idea, especially if you have a small apartment or condo. People who mostly rent such places mostly need a home ready to be moved into, without the need to purchase anything – depending on their lifestyle. Nevertheless, before you will be able to enjoy the extra cash you get by renting a fully furnished property, there are a lot of decisions to be made and lots to think about.
What costs will be involved for you?
Preparing your place and setting everything up will certainly cost you something, and finding out how much is the first step. A good idea is to go through the offers of other fully furnished places available in your area. Compare a few places of a similar size, location and furnishing as the one you are going to rent. The goal for you is to find out what the common rent for a fully furnished place such as yours would be. Once you know that, the next step is to write a list of everything you would need to purchase so that your place would really be “fully furnished”. Nowadays, offering a fully furnished property means that not only all the necessary furniture is provided, but also all utilities (gas, electricity, water, phone, cable, wireless Internet connection or security services), and also all kitchen equipment and appliances, towels, bed linen or cleaning supplies.
Then think about the question whether fully furnishing your place as described above is feasible for you financially. List down everything you will have to purchase to furnish your place to the extent described above. It is also likely that you may have more renters over a number of years with some periods when your place would be unoccupied between some tenants. You might come to the conclusion that making your place fully furnished would mean too much work and costs for you at the moment, then you might try to offer it as “part-furnished”. This option may not be as lucrative as fully furnished, but if you want an easier life, then part-furnished is likely the way to go.
Next step – facilities documentation, deposit set-up
In case you have lived in the flat for some time, begin with removing all your personal private belongings, such as photographs. The next step is to make an inventory of every single item that is in the property. You should go through the inventory along with the tenant, walking through the apartment and seeing everything provided by you together. Even individual objects like spoons, forks, knives, towels or linen should be counted and the numbers written down. Have also your rental agent to be there when you are doing the inventory. Once you all agree on the list, it should be signed by all the sides involved. After the expiration of the contract, go through the flat once more and list everything that is there. Anything that has been damaged or lost will have to be replaced and paid for from the deposit which was agreed at the start of the contract.
As the winter Olympics are coming soon, more and more Vancouver citizens are thinking about renting out their fully furnished flats to take advantage of this unique opportunity. While this might be the case if you already have a suitable unit, it might become a nightmare if you have to start from scratch. Try not to think of renting out your properties only as a quick way to get rich, but consider the investment over the long term.
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