With a population now of over 94 million, industry in the Philippines was traditionally based on manufacturing in the textiles, building materials and electronics sectors. Economic growth is now being driven on many fronts, however the increasingly popular tourism and service industries are playing a key role and the government is keenly focused on continuing this development.
As for the property market, it is really booming, with strong price growths and high rental yields all over the country. More and more westerners are interested in the Philippines and considering the country as a place for investment. As well, the health of the property market in the Philippines is strongly driven by the Overseas Filipino Workers community, as these Filipino people expatriated around the world are massivily using real estate in their home country to save their money and prepare retirement.
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As many emerging tropical countries, the Philippines are an excellent choice to spend a golden retirement time in an affordable environement. The government of the Philippines has set up a special program for retirees, delivering visas for people who would like to live there.
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My Home Abroad, you real estate web portal in the Philippines
My Home Abroad real estate portal is selecting for you the best of real estate projects around the world, in dream and sunny places, and combining both an upscale lifestyle and a high profitability potential. Making a reliable real estate investment means buying the right property in the right place, at the right time. That is why My Home Abroad has selected the Philippines, as an emerging destination for investment abroad.
Retire in the Philippines
As many emerging tropical countries, the Philippines are an excellent choice to spend a golden retirement time in an affordable environement. The government of the Philippines has set up a special program for retirees, delivering visas for people who would like to live there.