This month's elections in the Philippines may have been the most violent ever, but that did not put off investors from buying into its holiday resorts in growing numbers. Indeed, confidence that the new government will handle the economy well is strong, and that could encourage more investors to come to the archipelago.
Foreign demand for second homes in the Philippines is partly boosted by an influx of retirees. The Philippine Retirement Authority is expanding its marketing campaign to persuade more foreigners to live out their days in the country where they can enjoy “the good life at an affordable cost”.
Foreign retirees need a deposit of USD10,000 and a monthly pension of USD800 per month, or a USD50,000 deposit, to qualify for the scheme. You do not even need to be “old”, because it is open to anyone aged 35 years or above. The retirement programme has been running for 25 years, so is well established.
http://globalpropertynews.blogspot.com
No comments:
Post a Comment