City Bankers Invest in the Booming Philippine Property Market

Are You Working in the City and Wondering Where Best to Invest Your Hard Earned Cash?

The Philippines has the highest GDP in the last 5 five years.

Philippine Property Market Facts

• Property prices have achieved consistent steady rises over the past 5 years, averaging over 6% according to Colliers International.
• In Makati central business district the average price of a luxury 3-bedroom condominium rose 13.4% during the year to Q1 2014, to PHP136,533 (US$ 3,043, £1,975) per square metre (sq. m.) (8.98% inflation-adjusted) according to Colliers International.
• In Bonifacio Global City the average price for a 3-bedroom condominium increased by 9.5% to PHP 133,175 (US$ 2,968, £1,926) per sq. m. (5.3% inflation-adjusted), or a 1.1% q-o-q growth.
• In Rockwell Center, the increase was 9.4% to PHP 140,178 (US$ 3,124, £2,027) per sq.m. (5.1% inflation-adjusted), or a q-o-q increase of 1.0%.
• Rental yields in the Philippines are higher than all other Asian economies, averaging over 7% according to The Global Property Guide, 2015

Strong Economic Outlook

• Since 2007 the Philippines has enjoyed steady growth year on year from 4.6% in 2007 through to over 6% now.
• 2^nd fastest growing economy in the world after China.
• In the same period since 2007 inward investment has doubled to 4.88 billion dollars.
• Colliers International recently listed the Philippines as second in the world after India for business process outsourcing (BPO).
• Companies outsourcing to the Philippines include Accenture, Reuters, Logica, HP, United Health Group.
• Bloomberg are predicting growth averaging over 7% for the next 2 years, boosted by lower worldwide fuel prices (the Philippines are a net importer of fuel).
• The Philippines has a ‘positive’ outlook amongst credit rating agencies such as Moody’s Standard and Poors.

Get the latest investment report on Philippine properties

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