Promoting the Philippines as a retirement haven

Source: Manila Bulletin

Manila

International real estate is set to be the biggest and best investment market of the next several years, especially for retirees. In the coming years, most people will live where the best real estate is. Many will live in areas where real estate can be bought at a price that is the best for the value of the dollar, euro, or other foreign currencies.

Tagaytay

Subic

A recent report made by European, United States, Japan, and Korea chambers of commerce, identified five areas in the Philippines – Manila, Subic, Tagaytay, Cebu, and Dumaguete – as ideal retirement havens in the country that provide full service to foreign retirees. The five cities were chosen due to their excellent medical facilities and the right environment for retirees who may decide to make the Philippines their second home.

Dumaguete

Cebu

Overseas Filipinos and other foreign retirees remain the most active buyers of residential property in the Philippines and their spending has kept a train of industry-linked enterprises going. The trend began close to five years ago and to address demand, real estate developers have introduced affordable housing developments and condominium projects. The International Chamber of Commerce Retirement and Healthcare Coalition which was formed by the four foreign Chambers of Commerce have taken steps to ensure that foreign retirees will be provided the required amenities and end-to-end service from the time they arrive at the airport.
The local retirement market is an exciting multi-million-dollar industry. With stepped-up efforts to entice foreign and local investments in such projects, local and foreign retirees will be encouraged to take a stake in local retirement community projects.

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