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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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.

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

2009 Masters Series Highlights Second-Home Specialist

See what a day in the life of John Resor, a broker specializing in second-homes with Sotheby’s International Inc., is like as REALTOR® Magazine’s 2009 Masters Series visits Jackson Hole, Wyoming. From generating exclusivity by using non-marketing approaches to surviving changes markets, get tips to improve your business in this video. Plus, check out all of the resort and second-home resources NAR has to offer!