Construction costs in the Philippines are expected to increase by more than 35 percent this year due to record oil, steel, cement and global shipping prices on the back of US Dollar devaluation. Nearly all construction materials used in the development of Philippine high-rise buildings are imported. With the strong depreciation of the US Dollar [...]
Despite the prospect of an economic slowdown — the result of an increasingly hostile global climate — strong growth is expected to continue unabated in the Philippines property market. On Friday, the Philippines Economic Planning Secretary Augusto Santos said he expected annual economic growth to slow between 5.2-6.2 percent in the first quarter as high [...]
The Philippines Department of Tourism data shows tourist arrivals from January to April increased by 7.5 percent on the same four months last year. Tourist arrivals in the Philippines already topped the 3 million mark in 2007, the highest in years, while tourism spending grew by almost 41 percent last year. Yet 2008 looks likely [...]
According to a Reuters Real Estate report, the number of Philippines properties being bought by Filipinos based in the U.S. and other countries has began to fall because of U.S. economic woes, but development continues to grow, as the shortfall is picked up by increasing sales to Filipino’s from within the country. This is a [...]
Widely revered overseas property investment specialists David Stanley Redfern have added Philippines to their portfolio of worldwide properties and are now offering affordable capital city based apartments in Manilas central business district of Makati from just £26k. The Lancaster Atrium is 1 of 3 skyscrapers hosting these outstanding facility filled, fully fitted and ready to [...]
Makati in Philippines is steadily increasing in corporate appeal and holds great attraction for business executives in the capitals main business district that’s abundant with numerous Filipino companies and classy hotels, exclusive restaurants and 24 hour golf courses. Combined with its already established, perfect ‘dream destination’ profile, serious investors looking on the global property market [...]