Investing in a Luxurious Real Estate in the Philippines
Is it really good to invest in an elegant house and lot or condominiums in the Philippines?
People often think that luxury real estate is only for the rich. But if you have the financial capacity to buy luxury homes and condo in the Philippines, I say go for it. With the growing demand and market behavior, it’s best to invest as early as possible especially if you’re considering a luxury asset where the value appreciation rate significantly grows each month.
Take this excerpt from a recent blog from Vistaland International
Location, Location, Location
Location is the key to live a lush life that you’ve always dreamed of. Think of big townships with vast shopping malls and expensive entertainment hubs. This is where you will most likely see high-end properties for sale.
This isn’t an accident. Historically, people with money have preferred to buy up high-end properties in exclusive neighborhoods, carefully designed to protect their investments.
Here are just a few reasons why:
1. Historic appreciation. Luxury real estate has historically appreciated faster than average real estate investments because it attracts wealthy buyers who can afford more expensive homes. The Manila Luxury Property Index (LPI), for instance, grew by 34% from 2003 to 2006, compared to the average house price growth of 16%.
2. Less risk. It’s less risky when you buy a premium real estate asset versus other types of homes or stock market investments because you’re more insulated against negative economic trends and unpredictable currency exchange rates (like the Philippine strong peso).
3. Safety and security. The exclusiveness and security that comes from living in a neighborhood of other wealthy buyers.
4. Leveraging sales with personal services to support the property’s value. When you choose to make your fortune in real estate, you’ll often have the opportunity to leverage its value with a complementary business or service as well. Allowing you to turn your luxury property into wealth through more than just its investment value.
5. VIP treatment. Access to additional investment opportunities through VIP services to wealthy clientele seeking to invest in luxury properties. For example, if you want to use your real estate projects as a way of meeting other companies or launching a related service, it’s possible to offer VIP services to wealthy buyers who also want exclusive deals on luxury homes.
Talk to the right people
Like in any other investment endeavors, carefully research your options before putting a hefty amount of downpayment. Partnering with a real estate broker who has experience in dealing with luxury homes is also beneficial.
When investing in luxury real estate homes, you need a reliable real estate broker with a good reputation. Vistaland International, the international marketing division of Vista Land and Lifescapes, provides quality service to investors.
Reference: Vistaland International Marketing Inc.
Much of the reasons are stated in their blog itself. And just to add it in, there are lots and lots of ways you can earn from investing in these types of assets and aside from it being an investment, you can actually say that this can be a gratuitous gift from you to your future family.
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