UK Property Investors in the Philippines

UK Property Investors in the Philippines

Summary:
UK Property Investors and Filipinos Married to British Citizens Snap Up Cheap Condotel Investments in
the Philippines taking Advantage of Financing Options Open to International Buyers

Article Body:
UK Property Investors and Filipinos Married to British Citizens Snap Up Cheap Condotel Investments in
the Philippines taking Advantage of Financing Options Open to International Buyers

Pacific Concord Properties, Inc., Flagship Lancaster Atrium Suites Condotel [Manila] development located
along Shaw Boulevard, Mandaluyong City, Metro Manila, is one of the hottest Condotel Investments in the
Philippines where property investors, apart from real estate appreciation initially reckoned to be 100% for
early investors, will get projected Rental Incomes on their units of up to 16% per annum once fully
operational from 2010

According to Beth Collingz, of PLC International Marketing Networks, a Lead Marketing Partner with
Pacific Concord Properties Inc., whom have Condotel developments in Metro Manila and Cebu, and
specializes in working with international clients: “My phone has been very busy with buyers from the UK,
Scotland and Australia interested in purchasing investment properties and holiday homes here. A lot of this
interest is being driven by the relatively cheap market prices in the Philippines compared to Europe,
specially UK Housing prices, and the easy payment options available for our Condotel Developments, but
there are other factors, too. Offshore Property Investors, Foreign baby boomers as well as overseas
Filipinos, are looking for ways to maximize their return on investments as they approach retirement, and so
are purchasing second homes, particularly Condotel Investments where they can use the Condo for
vacations and rent it out through our In-House Condotel Management when they are not using the unit
thereby gaining rental incomes that on today’s purchase prices, give a projected ROI on their investments
of some 12-16% depending upon the mode of payment for the unit”

Beth Collingz, who runs PLC Global Pinoy, an internet based marketing network specializing in Condotel
Investments in the Philippines, indicated that more than 85% of all Condotel sales in Metro Manila were to
international clients. While such a level of foreign-purchasing activity is not as high in the Philippines
provinces, Cebu in particular, has seen a sharp increase in real estate purchases by international buyers in
the past several years.

“These international buyers know it’s a buyer’s market in the Philippines right now—there are a lot of
properties available and fewer local buyers,” Collingz said. “I’m working with clients who are purchasing
their second property with me. We also have referrals from many of our prior customers and new clients
who have found us through our Web sites, lancastersuites.com and plcglobalpinoy.com which include a
special section for international buyers”

Previously a stumbling block for some international buyers was the perception that it is difficult —if not
impossible — to obtain financing in the Philippines. As a result, many purchases in the past were cash
sales.

Pacific Concord Properties recently introduced the new affordable easy payment plans for the Lancaster
Atrium Manila Condotel Suites where a Studio Unit can be purchased without any down payment, and 67%
of the contract price payable over 60 months interest free and the 33% balance payable on turnover of the
unit or to be extended for another 60 months through PCPI’s no prequalification no hassle finance plan,
sales of the companies inventory of units will surely sell out quickly to investors seeking to take advantage
of the Condotel Investment “Boom” in the Philippines.

A major stumbling block for some Investors from the UK was the perception that purchasing property in
the Philippines was risky with nightmare stories of fraud and deception abounding due to the lack of
Professional Realtors and Internationally accepted principles’ of Real Estate Transactions.
With Pacific Concord Properties Inc adopting International Property Standards and the only Philippine
Real Estate Developer to operate the Internationally accepted practice of Escrow Trust Account Banking
for all payments made by buyers of it’s Condotel Suites, international offshore property investors need no
longer worry about the security of their investments.

For further info please do not hesitate to contact us:

Beth Collingz

PLC International Marketing Networks

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