| The Philippine real estate is a vibrant industry | | | | These created a demand for offices and residential |
| offering Philippines properties to Filipinos and | | | | buildings. |
| foreigners alike. | | | | - Overseas Filipino Workers investing in Philippines |
| Philippines properties are viewed as prime | | | | properties |
| investments in the market. Amidst the global financial | | | | OFWs especially those in Europe are investing for |
| crisis, prices remain competitive. That is why more | | | | properties because the value of properties abroad is |
| foreign property investors in the country are buying | | | | much more expensive compared here. |
| properties here like houses and condominiums. | | | | - The retirement industry |
| Various reports in newspapers point out that the | | | | The Philippines through the Philippine Retirement |
| “property boom” in the Philippines is very | | | | Agency program has been attracting retirees in other |
| much alive. This boom is brought about by several | | | | countries to spend the rest of their lives here. In fact |
| factors. | | | | prospective investors are already eying to put up |
| - The boom in the tourism industry | | | | retirement villages in Pampanga, Zambales and Bataan. |
| Tourist arrival in the first quarter of 2009 totaled to | | | | Those factors only show that there is a good |
| 1.3 million. The continuing surge of tourists is creating | | | | market for Philippines properties nowadays. |
| a demand for hotels and condominium. Construction | | | | However, any buyer must know the legal |
| and refurbishing of buildings are on the way to | | | | underpinnings on how to acquire properties. |
| accommodate the influx. Also, it opened up | | | | In the 1987 Philippine Constitution, it states that |
| investment opportunities for labor-intensive industries. | | | | foreigners cannot own land in Philippines. But owning a |
| - Offshoring and outsourcing boom | | | | house, building or condominium is legal as long as the |
| The Philippine real estate industry is benefiting as | | | | land is not owned by a foreigner. Always negotiate |
| more companies continue to search for ways to cut | | | | within the bounds of law. |
| cost and transfer their business operations here. | | | | |