If you are thinking about investing in the Philippines you’ll be pleased to hear that the World Bank has ranked the Philippines as one of the world’s 10 most improved economies in facilitating trade and investment across borders.
The Philippines has improved 7 places in the last year alone from 68 to 61 in the World Bank’s rankings for trading across borders (out of 183 economies). It takes for example an average of 21 days in the Philippines to obtain a construction permit whilst the regional average stands at 45 days.
The government of the Philippines is continuing its effort to improve conditions for international investors. One such measure has been to draw up a ‘Magna Carta’ for investors, designed to protect the rights of people investing in the Philippines. According to the Department of Trade and Industry this bill is likely to be finalised and passed early next year.
The government is actively encouraging foreign investment in a variety of industries including energy, technology and tourism. Special TIEZA’s (Tourism Infrastructure and Enterprise Zone Authority) have been created to provide incentives for international investors. Some of these include tax and duty free importation of capital investment, equipment and transportation.
It may come as a surprise to many that the Philippines is the third largest English speaking country in the world with a large expatriate community. This makes it an attractive location for both tourists and investors.
Millions of tourists continue to be attracted to the amazing beaches, world class dive spots, exotic volcanoes and of course the 7,000 plus islands. Tourist numbers are expected to grow to just over 3.8 million by 2012, representing an 8.4% growth rate from this year (Govt of Philippines).
As Steven Worboys, MD of Philippines property experts, Experience International, comments,
“International investors are more confident than ever in choosing the Philippines as their investment destination. One of the most popular locations has been Mactan Island in Cebu province which provides a fantastic opportunity to benefit from the rising tourist numbers, rich natural biodiversity and wide range of resources this island has to offer.”
One property development which has received particular investor interest is the 5* Blue Coral Resort & Spa, frontline residences on Mactan Island. With first class facilities overlooking the crystal clear waters of the Bohol Straits, the newly released hotel suites, studios, 2 bed apartments and 2 bed luxury pool villas start from $83,500 with an impressive 21% guaranteed annual income. In addition 60% non-status finance is available and the resort will be managed by a world-leading tour operator guaranteeing 80% occupancy.
For more information about investing in the perfectly profitable paradise which is the Philippines in 2011 and indeed the Blue Coral Resort & Spa contact the experts at Experience International on +44 (0) 207 321 5858 or visit www.experience-international.com.
Holiday makers and homeowners alike will welcome news that low-cost airline, Ryanair, is set to reintroduce the popular London to Calabria route from March 2011.
The “Paris of South America”, Buenos Aires, is set to receive a boost this year as a new daily non-stop service from London, operated by British Airways, will commence from March 27th.
Previously BA flights to the capital of Argentina involved a connection in Sao Paulo but due to passenger demand a new direct flight will be introduced making it even easier to reach South America’s second largest metropolitan area.
In the decade since the economic crisis of 2001, Argentina has worked hard to establish economic prosperity, boasting five straight years of 9% GDP growth through 2007 and impressive GDP of 8% for 2010.
The nation’s booming economy, primarily based on agricultural and natural resource exports, manufacturing and telecommunications has attracted significant levels of foreign direct investment. Labelled by the Financial Times as “China’s New Investment Frontier”, Argentina has seen levels of Chinese investment go from millions to US$ 2.45 billion in the last decade.
In addition the tourism sector is also rapidly expanding; the Argentine Ministry of Tourism expected more than 5 million foreigners to visit the country in 2010, 15.5% more than in 2009, generating revenue of US$470 billion.
This increase in tourism numbers is in turn having a positive effect on Argentina’s housing market. Identified as a “future high growth luxury residential market” by the Knight Frank Global Property Wealth Survey 2010 and one of the “most favourable destinations” for hotel investment in 2011 by Jones Lang LaSalle Hotels, the South American hotspot of Argentina offers a wealth of opportunity both for domestic and international property buyers.
Demand for high quality accommodation around Buenos Aires is particularly high with country clubs proving popular both as retreats for city workers but also permanent residences in their own right. Offering the best of both worlds, country clubs such as the 5* Camino Real Polo & Country Club located just 35 minutes from Buenos Aires, allow residents to enjoy the true Argentinian countryside, first class on-site amenities and easy access to the city for work.
As Steven Worboys, MD of Experience International, who is exclusively marketing the hotel suites available at Camino Real, comments,
“Investing in aparthotels remains a popular choice for investors due to the high returns available and hassle free management. Combining this booming asset class with a growing economy such as Argentina is surely a recipe for success!”
Hotel suites at the 5*Las Rosas hotel at Camino Real are selling fast. Set within the 770 acre Polo & Country Club, lake view hotel suites are available from £87,500 with up to 18.8% projected NET rental yield. 60% 10 year non- status developer finance is also available along with two weeks annual stay with free polo lessons.
For more information on investing in Argentina and the Las Rosas aparthotel contact the experts at Experience International on +44 (0) 207 321 5858 or visit www.experience-international.com
For more information about investing in Turkey, especially the economic powerhouse of Istanbul where off-plan property developments such as the superb Crystal Heights are seeing capital gains of up to 20% per annum and guaranteed rental yields of 7%, then contact the experts at Experience International on + 44 (0) 207 321 5858 or visit www.experience-international.com.
For more information about buying ski property in and around Chambery or indeed the last remaining units at Chalet du Gypse contact the experts at Experience International on +44 (0) 207 321 5858 or visit www.experience-international.com.
For more information about the winter sun hotspot of Egypt and Sunny Lakes contact the experts at Experience International on +44 (0) 207 321 5858 or visit www.experience-international.com.