| Finally, after years of being the "kid in Aisa about to | | | | - Medical and dental costs are skyrocketing in the |
| explode", the Philippines is poised for rapid economic | | | | USA and the Philippines is in a major push to develop |
| growth, and that, combined with the ever increasing | | | | medical tourism |
| numbers of Baby Boomers looking for a way to | | | | - Numerous retirement villas are in the planning stage |
| retire with dignity, are setting up a major real estate | | | | designed for the foreigners need for a medical clinic, |
| boom about to happen in the Philippines. Retirement | | | | recreation, fitness centers, maids, drivers, community |
| living in the Philippines is fast becoming the first choice | | | | centers, security, and all for 10% to 20% of what |
| of Baby Boomers from the USA. | | | | such villas would cost in the USA |
| Whereas the USA and European economies are in | | | | - American and European retirees are finding they |
| the middle of a real estate downturn, and China is | | | | cannot retire with dignity in their own country on |
| poised for its own "bubble" about to explode, in the | | | | their paltry social security pensions, yet they can live |
| Philippines there never developed a "bubble" waiting | | | | like Kings and Queens in the Philippines on their |
| to explode. All these years since the Asian financial | | | | pensions |
| crisis of years ago, the Philippines banking industry | | | | - Today's foreign retirees are not "old people"; for |
| has had a tight control over money, and "sub-prime" | | | | the most part they have lived healthy and vibrant |
| loans are nonexistent in the Philippines. Cash has been | | | | lives, and they seek a bit of adventure in their |
| King for years there, and it continues to be King. | | | | retirement home |
| A typical country has its residential and commercial | | | | - Choices and freedoms continue to be eroded in the |
| real estate markets, and its vacation and resort | | | | USA as a result of world terrorism, and many are |
| market - the preponderance of buyers being the local | | | | seeking a way out |
| population of that country. What is unique about the | | | | - Japanese birth rate has declined significantly over |
| Philippines is that it has three additional residential | | | | the past 10 years to where now there are now |
| markets: (ii) it's one of a kind market being driven by | | | | enough children to care for the aged; consequently |
| the huge numbers of OFW (Overseas Filipino | | | | Japanese retirement villages are now being built in the |
| Workers), (ii) the foreign retiree market being driven | | | | Philippines. The same is happening with Korean |
| by those foreigners who have married Filipino | | | | retirement villages |
| spouses, and (iii) the newest and fastest growing | | | | - Baby boomers are desperate to find ongoing, |
| market - the retiring foreign "Baby Boomers". It is the | | | | residual income to supplement their pensions, and |
| OFW and Baby Boomer market that is poised for a | | | | opportunities are bountiful in the Philippines to do this |
| rapid boom. Following is a short list of reasons for the | | | | - Baby boomers are looking to escape the cold |
| upcoming boom in real estate in the Philippines. | | | | winters and the every pressing rat race of life in the |
| - Tourism is at record levels in the Philippines | | | | USA and Europe today |
| - The economy is booming | | | | - The Philippines is a literate English speaking country - |
| - The new president's economic agenda if focused on | | | | not Spanish, not Thai, not Chinese, but English |
| infrastructure growth | | | | speaking. |
| - OFW remittance continue to grow year after year | | | | All of these factors are now lining up to make the |
| and those dollars are seeking real estate investment | | | | Philippines one of the up and coming retirement |
| to work for them until the OFW returns to the | | | | havens for Foreigners. |
| Philippines | | | | |