EXCLUSIVE: Overseas demand for Philippine property has never been stronger, according to the two most recent ‘Top of the Props’ monthly surveys from themovechannel.com, a U.K.-based website that focuses on overseas property.
During May, enquiries for properties by users of the website rose to their highest level ever, and accounted for a massive 4.95 percent share of searches on the site with only the United States and the United Arab Emirates (UAE) outranking the country in the monthly report.
In June, 3.27 percent of users of the website were looking for property in the Philippines but despite the three-place decline last month the country still maintained its position as the most-searched property destination in Southeast Asia and outranked its nearest neighbour, Thailand, for a third consecutive month.
During May the Philippines was hot on the UAE’s heels, with its share of enquiries soaring to a record high of 4.95 percent – enough to steal the coveted third spot away from traditional favourite Spain. Demand for real estate in the Philippines has also climbed in recent months, after the Philippines first entered the Top 15 destinations on themovechannel during January 2016.
“We have found that demand from investors for viable opportunities in Asia has been growing for some time, but sourcing the right deal, with genuine credentials, has proved hard – until now,” said Ray Withers, Chief Executive Officer of investment specialists Property Frontiers, which has just launched a resort on the island of Carabao.
“The Philippines, due to its thriving economy, growing population and booming global tourism appeal caught our attention earlier this year, and we were delighted to recently launch a new luxury resort opportunity, Portofino Ocean’s Edge.