Politically hot?
It will always be politically hot here, that's how the people here are, but because the country and the people has accepted this fact, somewhere along the way, years ago, the real estate industry and the rest of the business sector have manage to alientate themselves from the ties of politics.
The economy of the Philippines is going strong, if not the strongest in 20 years, and economic analysts are saying it will remain robust, especially in the real estate sector and business process outsourcing.
One major thing that helps as well is the fact that millions of overseas Filipino workers regularly send their dollar earnings back home here to their family, remittances totalled over US $12.8 Billion in 2006 and going stronger this year. The peso against the dollar is strongest in more than 20 years, averaging at $45.5 to $1 dollar. When I came back home in 2005 after living abroad for years, the exchange rate was US $1 = PHP 55.
It's the best time to invest, here, whether in real estate or business outsourcing or others, it is the best time indeed.
FYI, the real estate market has not yet reached its peak in terms of the "big boom" people are talking about, but it's coming within 2 years.
SO really, no other time is best but now!
"Overseas Filipino remittances hit 12.8 billion dollars in 2006
dpa German Press Agency
Published: Thursday February 15, 2007"
(where to check the figure i stated regarding remittances)
if you want to know more about the Philippines, tell me, there's a group you might be intterested to join.
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