EXCLUSIVE: The popularity of Philippines property and real estate among overseas buyers and investors has been growing, with the country now accounting for more than 1.20 percent of all inquiries last month according to data released by a leading British-based overseas property website.
Thailand, in fifth place, is the most-searched destination in Southeast Asia according to the monthly ‘Top of the Props’ report from TheMoveChannel.Com’s however the Philippines recorded its highest ranking, and share of searches on the site, during December 2015.
Dan Johnson, Chief Executive Officer of TheMoveChannel.com, speaking exclusively to Dot Property said: “The Philippines is an interesting case for international property buyers.
“Islands such as Boracay and Cebu have been popular beach destinations for many years, with some fantastic opportunities to buy idyllic property at bargain prices.
“Meanwhile, Manila offers the kind of high-density population growth that is a buy to let dream, with fully managed condos in central locations at a tiny fraction of the price of other international capitals.
“Lastly, an English-speaking business world makes it much less impenetrable for Western investors than other Asian markets. It’s definitely one to watch!”
Elsewhere France flew up the international portal’s chart in December to become the second most popular country in the world. U.S. real estate remained the number one country on investors’ wish lists at Christmas, receiving the most enquiries from overseas buyers for the third month in a row. Its share of enquiries rose from 9.5 percent during November to 13.21 percent, as interest continued to grow bolstered by the improving economic picture.
Brazil also enjoyed rising interest among investors. As the country prepares to host the 2016 Summer Olympic Games, it rose two places to become the third most popular property destinatinon, knocking Portugal down one place into fourth and Spain and Turkey out of the top five altogether.
Johnson added: “Last year was the year in which buyers returned to Europe in force, with Spain dominating activity in the first half of the year and France wooing buyers in the second half.
“On a quarterly basis, the Top of the Props data paints a more accurate picture of the global market, highlighting the extent of European property’s appeal even during the quieter Christmas period.”
The full Top 40 most popular destinations on TheMoveChannel.com in December 2015 are below.
