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29 April 2019

Find the Best Way to Save Money and Make Money in the Philippines

By Kehkashan Khan on Real Estate



Everyone wants to secure one’s future by having those right means in place that could generate enough money. As a result, people mostly look for the investment prospects that have a huge potential of giving a good return on investment. Keeping the fact in view that money making has become the need of the hour, we need to keep a close eye on the investment opportunities that could make a good amount of money in a relatively shorter period. Real Estate Investment in the Philippines is one of those opportunities that have opened doors of success for not only locals but expatriates also. Now you can do both, money making and money saving, through one single location BUT how? This article aims at answering this question.


                                          


Make Money

Real estate investment is one of the best investments you can make today. People always prefer a place where they could live with some peace of mind that does not come with mortgage normally. They always remain under the stress of getting bankrupt in case they fail to pay a mortgage. Therefore, investing your money into real estate is a good way of making money.


                                         


The real estate industry in the Philippines has boomed over the past few years. It’s evident from the addition of thousands of units to the business districts of Metro Manila. Most of the BPO firms have outsourced their operations to this metropolitan area that significantly increased the demand for residential and commercial properties in the area. Now, these companies are buying or renting not only the office spaces in these business areas but also the residential properties for their employees.  


The rapidly growing economy of the Philippines is driving its real estate sector and thus, attracting foreign investors and global corporations to make the country their second home. Therefore, this is the right time to make money through real estate investment in the Philippines.


Save Money


                                            


Foreign Direct Investment (FDI) has played a pivotal role in the economic growth of the Philippines. Foreign Investors from all over the world particularly China are the major drivers behind the development of the real estate industry in the country. The huge investments made by the Overseas Filipino Workers (OFWs) and the expatriate community in the real estate sector are also worthwhile. The increasing value of the US dollar against the Philippine peso authenticates this fact. Thanks to the high value of the currency, the buying power of the niche markets residing in countries like USA, Canada, and the UK and even in Europe has grown. They have more capacity to acquire properties in the country now that in return, saves a big chunk of their money as purchasing property in their own country will require a relatively more handsome amount. On an important note, having your own property is money saving within itself. You have something of your own that you can sell later with good profit margins. This way, you will be able to make money through it as well.


On the other hand, Overseas Filipino Workers contribute USD1 billion annually that ultimately increases the buying power of the locals as well. It allows them to set aside a certain amount of money as their saving that they can invest further to make more money.


The solid performance of various segments of the real estate sector in recent years has made the Philippines an emerging hotspot for money makers and money savers both. With positive trends such as green architecture and sustainability, property investors and buyers both can look forward to a bright future ahead.  


If you are seeking a good piece of advice on real estate investment opportunities, contact AXE Real Estate today!  


 

About the author

Kehkashan Khan

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