It is not a hidden fact that the Philippines is a third-world country. Many would find the idea that a nation categorized as such is an unattractive place for investment, but that is the complete opposite. Developing countries offer a wide array of possibilities for business, and to look for a regular source of finance through passive income, or an investment.
As of late, the Philippines has been the recipient of major investments from its neighboring countries. The country has been considered an emerging market economy with its growing GDP, development programs in the agricultural sector, industrial sector, tourism and commercial, and continuous development in infrastructure have been attracting numerous investors from both foreign and local scape.
With its geographical placement and urbanization of cities, The Philippines has a vast investment portfolio to get into, and here is why:
A Developing Country, Meaning Vast Land and Growing Economic Zones
The Philippines is a developing country, and because of that properties of different forms are up for grabs. With most of its regions still under urbanization, the value of land properties in the country is expected to increase in value, especially those that are considered economic zones in the Philippines.
The Philippine Economic Zone Authority or PEZA’s goal is to aid the national drive in hastening the creation of jobs in rural areas of the country by creating economic zones for foreign nationals to invest in the Philippines. These economic zones, or ecozones, balance the industries of agriculture, industrial, commercial, and tourism, making each zone a developed and independent community, and are attractive sections for both foreign and local investments.
Economic zones are considered important factors in the country, not only because of the job opportunities it creates, but also because it boosts trade, and exports, and attracts investments. Properties that are near these sectors are sought after brought of the accessibility of people to the aforementioned factors, as well as the increase in demand for either residential or commercial lots in the region’s radius.
In the Philippines, there are about four-hundred (400) Special Economic Zones in operation, such as in Baguio City, Subic, Bataan, the Laguna Technopark and Industrial Park, and Cavite – to name a few. And recently, the PEZA has approved and is pushing through with thirteen new economic zones that were recently approved by the Malacanang, and is expected to be Php17.9 billion worth of investment.
Diverse Real Estate Investment Portfolio
With growing GDP, and with rural areas converting to economic zones or undergoing urbanization, investing in the Philippines is seen as a great idea. From investing in the Philippine stock market to agricultural and industrial sectors, and commercial real estate, investing in the Philippines offers a diverse portfolio, and this includes residential real estate.
From Growing Tourism and Municipalities Turning to Cityhood to Premium Housing
As of late, real estate developers have been building condominiums that offer both style and convenience to their owners. Subdivisions with houses and lots for sale are now much closer to lifestyle centers and major road networks that would make daily travel and living far more convenient than before.
In South Luzon, many municipalities are now transitioning to cityhood, meaning that the former municipality’s population of at least 150,000 people or a contiguous area of 100 square kilometers, has an average yearly revenue of at least PhP100 million during the previous two years at constant prices. Cavite alone has eight cities, namely Cavite City, the City of Bacoor, the City of Imus, General Trias City, Trese Martires City, the City of Dadmarinas, and Tagaytay City; in Laguna, there is Binas, Cabuyao, Calamba, San Pablo, San Pedro, and Santa Rosa. And close to these two provinces is Las Pinas City (City of Las Pinas), which is part of the National Capital Region of the Philippines – a city that is known for its growing business district, and is close to Metro Manila.
In those areas, premium housing developers have been producing master planned subdivisions and condominiums to cater to the growing demand of the people who want the convenience of living close to the networks these cities offer.
Investing for Retirement
The Philippines has been developing into a hotpot for both foreign and local investors. While others have ventured to put their money into the business, others find stability and preparation for their future by investing in real estate properties.
Regions in South Luzon is the place for you if are looking for a peaceful place to retire. It is a merge between city life and rural living where you can enjoy the fresh air while being close to leisure and entertainment, and in the business district. There are many locations in the Philippines to consider, and one of them is Southern Luzon. Cities, such as Las Pinas, Bacoor, Dasmarinas, and the Province of Laguna, these cities offer a peaceful environment where you can enjoy your everyday.
Developing countries like the Philippines offer multiple opportunities for investors to venture into. With the continuous development of its industries, its portfolio grows by the minute, and so does the value of each property.