|
|
 |
 |
|
 |
|
| |
|
|
UK property investors look offshore |
| |
|
|
UK investors are now looking at offshore vacation locations and areas that are good for retirement, claims Beth Collingz, overseas sales director for PLC International Marketing Networks based in Manila whom specialize in the Lancaster Brand of Philippine Condotel Investments. |
| |
|
She says UK residents have always bought property in other countries at a fraction of what it would cost for a similar place in the UK, especially in France and Spain and the Philippines is no different.
But with high housing prices in the UK, money doesn't go as far anymore, and she predicts all the signs are pointing to a huge number of British nationals are interested in buying abroad with the Philippines near top of the list of favorable investments.
PLC International recently appointed David Stanley Redfern Ltd [DSR] one of the U.K.'s leading overseas property investment specialists, as its UK representatives for the Lancaster Brand of Condotels in the Philippines. Collingz says, despite the local market turn down among Filipinos in the UK whom are feeling the credit crunch, she is receiving more enquiries and sales from British nationals whom have never been to the Philippines.
David Redfern, DSR Managing Director, said the Philippines property market is currently one of the hottest in the world. Affected worst by the Asia economic crisis, since Asia began to grow again the Philippines is fast becoming the commercial hub of south East Asia. Its low starting point has also made Philippines property a hot favourite with investors. The massive growth potential of Philippines property is fuelled by the level of new businesses and foreign investment the Philippines, especially Manila is attracting. Philippines property is expected to grow in value by no less than 24% for the next five years and possibly even more in the next 2-3 years.
A year or so ago, few people in the UK realized that they could manage their Pension Plan portfolios themselves, and even fewer knew that they could invest their SIPP retirement money in homes in the sun which now prove to be among the most popular potential investments to include in a SIPP
If you’re considering using your SIPP to invest in real estate, there are some excellent reasons that you should choose Philippine Condotel Investment real estate to drive your retirement portfolio into high profit margins. The Philippines is ideal for this type of investment because a SIPP can establish title to a property in a country whose legal framework recognizes trusts – and a SIPP is simply another form of trust.
“Investing in foreign real estate is neither as risky nor as tricky as a lot of people would have you believe. While land and housing prices in the U.K. have soared astronomically in the past decade, the world real estate market is a far different story. It’s still possible to buy a preconstruction Condotel suite at Lancaster – The Atrium located in Metro Manila, Philippines, for less than GBP GBP30,000.00”.
“The beauty of holding property in the Philippines is the low cost of property taxes and maintenance combined with high rental returns. A GBP30,000.00 Condotel suite may set you back GBP200.00 in property taxes per year, and maintenance costs are similarly low. When you add in the tax-protected status of investments made in your SIPP, and the 12-16% returns through rental income through the Condotel advantage, you have an incredible ROI on a purchase of Philippine Condotel investment real estate” enthused Collingz.
PLC International’s and David Stanley Redfern's aggressive internet marketing businesses reache out to would-be buyers in all corners of the world whom can search for property on the net with its newly launched Condotel portals. What is more important said Collingz is that we answer our clients enquiries immediately on the upside of purchasing investment property in the Philippines, likely returns and rental yields, through property video presentations whilst sitting behind their own computer.
A wider range of no prequalification finance is also helping. Pacific Concord Properties Inc [PCPI] the developer of the Lancaster Brand of Condo Hotels in both Manila and Cebu is offering UK-style financing and customer relations for people who want to own Condotel investment property in the Philippines. This is clearly the trend of the future she said.
Lancaster Manila Atrium Tower A, Shaw Boulevard, Metro Manila, Philippines is a "Full Service" Condominium Hotel ["Condotel"] offering Studio, One, Two and Three Bedroom Suites for sale on up to 12 year ‘In-House’ developer extended no pre-qualification payment terms available to non-resident foreign nationals and investors with the option of enrolling their units in the Lancaster Condotel Rental Pool and earn Rental Incomes when not using their units through our own Lancaster Hotels Condo Management. This makes Lancaster Suites Manila, one of the Hottest Investment Opportunities in the Philippines said Collingz.
PCPI have introduced a simple developer extended 12 year no down payment financing for all their preconstruction Condotel units and 15 year equity financing through their local partner Banks, as the Brits like familiarity. The number one reason people don't pull the trigger is they can't find the friendly financing combined with the straight answers they are used to getting in the UK, said Collingz.
|
| |
|
|
|
|
|
|
|
|
|
