Philippine Real Estate Investment and Retirement

The Philippines offers affordable real estate investments and retirement opportunities in a tropical climate

2009-11-02 14:34:19

For many British, Australians and Americans, retirement time is just around the corner. At home, with low interest rates and high cost of living, the prospect of trying to live on a pension, in old age, is a daunting one unless you are prepared to substantially downscale your lifestyle. For some, moving to retire in another country is an option which has been successful in the past with Spain, Portugal, Mexico and Puerto Rico being among some of the more popular destinations. But why not consider retiring in the Philippines?

Over the past decade, the Philippines has become a retirement haven for thousands of foreigners, particularly the Japanese, Korean, and Northern Europeans. Along with Thailand and Malaysia, the Philippines developed communications, infrastructure, and service delivery systems specifically geared to meet the needs of foreign retirees. Better yet, unlike most European Countries and South America, nearly everyone speaks English in the Philippines.

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Tamarack homeowners fear Idaho resort’s closing

On Monday, 4th District Court Judge Patrick Owen heard competing salvos from lawyers for homeowners and a lender group led by Zurich-based Credit Suisse Group.

Mexico-based Inmobiliaria Las Fuentes, S.A. de C.V. has offered the loan to reopen the ski resort and to protect unfinished buildings over the next 11 months, but made a deal contingent on being repaid before existing creditors, something Credit Suisse and others are fighting. Tamarack creditors are already owed upward of $300 million.

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The Next Middle Class

In this article, published in NAR’s quarterly magazine, Global Perspectives in Real Estate, Economist Lawrence Yun explains how the rise of international trade leads home purchases inside and outside the United States. Enjoy. . .

http://www.realtor.org/IntUpdt.nsf/Pages/TheNextMiddleClass

Americans Tame Their Wanderlust

U.S. Housing Market Still Attractive to Foreign Buyers

NAR has just released its 2009 International Home Buying Activity report. While the report shows a further decline in home sales to foreign buyers from the 2008 and 2007 studies, the percentage of decline has narrowed. According to the study, 23% of REALTORS® served international clients in 2008/2009, compared to 26% reported in the 2008 study and 32% reported in 2007. The decline mirrors the overall decline in the existing home sales market, which decreased 39% between September 2005 and January 2009. There is confidence that once the global economic market conditions improve, the rate of home purchases by foreign investors and buyers will increase as well. The reports offers detailed information on sources of in-bound buyers and buyers’ location and property type preferences. New with the 2009 study is data on commercial purchases and also information on barriers to successful transactions by foreign buyers of U.S. property. Download the full report.

In Focus: Regional and State Housing Trends

By Ken Fears, Manager, Regional Economics

Although every market is unique they share similar demographic, economic, and migration fundamentals. Consequently, some trends repeat themselves around the country to varying degrees. Foreclosures are having a substantial impact in some markets, while unemployment is the primary concern in other locations. This article highlights some of the broader patterns that are making an impact on regional housing markets.

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Top 10 Cities to Earn a Living

Aspen Real Estate Market Picks Up With Summer

Another positive article about the real estate market gaining positive momentum.  Is this happening in your area?  Let us know!

Friday, August 28, 2009
ASPEN — Despite an “astounding” number of properties for sale in Aspen, summer real estate activity has been encouraging, according to one local broker.

From June 1 through this week, sales have roughly kept pace with last summer’s numbers, according to Carol Hood of Mason & Morse Real Estate.

“When I compare it to last year, it seems like we’re in line with last year’s sales,” she said.

READ MORE:   http://www.aspentimes.com/article/20090828/NEWS/908289998/1058

Kratovil Secures Immediate Visa Relief for Maryland Crab Industry

DHS Responds to Inquiries by Rep. Frank Kratovil and will Announce the Release of Additional H-2B Visas Read more

CBS Evening Newscast: Retirees from Abroad

Here is a newscast about “Retirees from Abroad” who are interested in spending their years and money in the USA. ~ jmiller

 To view the entire newsclip click here!

North American Markets: CBS Evening News

07/12/2009: 06:00 PM – 06:30 PM

00:20:12 TZ; Retirees from Abroad: A new visa would allow retirees from other countries to live out their lives in the states. V; Michael Smith, big house, pool. Michael Smith, a British retiree, had to start a business in order to retire in the US. V; Floors and Blinds van. I; Michael Smith, British retiree, said he just wants to go out, spend money, and tour the country. I; Smith said what is the logic, he is bringing money in, paying property taxes, and paying sales tax. I; Tony Macalusso, lobbying for silver card, said when you look at the people we bring in for political asylum as well as the tired and poor, we’ve done that well, but these people are not in that category. Hundreds of thousands of jobs could be created by allowing foreign retirees to retire in Florida. I; Macalusso said at first he fought arguments of security, but he’s never seen a terrorist over 55. No legislator has agreed to write a bill. Kelly Cobiella reporting. 00:22:50

 

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