Wednesday, July 05, 2006

The Re-Birth of Real Estate Investments in the Philippines

The last real estate boom was evident in 1996 but just like other business entered an age of recession because of hard times that have been plaguing most countries. The Philippines, being among the countries that are drowning with debts, encountered rough sailing for the past 10 years and the rise in demand for real estate was an imminent stand still.

Today, more and more people who look for wise investment opportunities have turned towards investing in real estate properties as the feasible way to put excess earnings, with the belief that such would reap returns at some point in the future. There is no question that the land value will truly appreciate once development has been done for a certain area and initial public offerings prior to project completion will truly be the wise investment today.

The entrepreneur in most people have gotten the best of them, most realizing the need to secure a bright future ahead. In any case, there is no doubt that investing in real estate is similar to putting money in a bank like time deposit to earn interest. But at the rate that people are buying properties these days, the returns may even be more attractive in the sense that properties and assets are more than just pure investments, but something that they can turn to, when times become difficult or when business expansions would need additional cash influx.

Today, real estate buying has become a frenzy. Location is a factor as well, but for places to which they are available, especially the developed and the ones near distinctive and commercially accessed areas, expect cost of investment in such real estate areas to be far more expensive compared to that of under developed areas.