As we celebrate National Heroes Day on August 25, 2014, we commemorate the heroic deeds of our national heroes. Also, we honor you, our courageous compatriots, the Overseas Filipino Workers (OFWs). You are considered as Modern Day National Heroes. You sacrifice and work hard for your loved ones left here in the Philippines in exchange of the money that you can earn and remit to them.
As Modern Day National Heroes, there might be a certain period of time that you can work in other countries to earn for your family, but it is not for a lifetime. On that note, you need investments that will give you passive income after you retired from working abroad. Yet, the question is "what industry is the best venue for investments?" The answer to that questions is the currently booming industry in the Philippines, the Real Estate Industry.
According to Ivana Trump, "I always felt very secure and very safe with real estate. Real estate always appreciates."
So why invest in the Philippine Real Estate industry now? Here's why.
1. Economic Stability
According to the Philippine Economic Update by World Bank, the Philippine economic growth accelerated to 7.2 percent in 2013 despite the natural calamities that hit the country. Also, the government proposed and executed good reforms and policies concerning the Philippine economy. These reforms and policies are created to ensure long term economic stability and growth for the country. Thus, guarantees better conditions for investments in real estate industry.
2. Developments in Urban Areas
The continuous economic growth results in the renewal of major urban areas in Metro Manila. Also, local governments are looking for urban restorations and redevelopments. Developers are also starting new developments in the major cities of Metro Manila. These initiatives will attract more local and foreign investors to capitalize here in our country.
3. Growth of BPO And Call Center Agencies
The continuous growth of BPOs and Call Centers results to higher demand for office spaces and buildings. Also, the high-earning employees of these BPOs have the capacity to buy or invest in real estate.
4. Solider and Financially capable Real Estate Developers
Most of the Real Estate developers in the country has projects prepared every one to two years. These projects are finished between a 3 to 5-year time period, thus shows how solid and stable these real estate developers are. Real Estate developers today are much stronger and richer compared before.
5.Flexible financial systems and policies
Over the years the central bank of the Philippines is improving the financial and monetary policies of the country. One of this is the low interest rates that encourage people to take out their savings and invest in real estate. The lower bank interest rates allow families to buy their own homes without worrying on paying their credits.
These are just some of the reasons why you should invest in the real estate industry now. Working abroad is a huge sacrifice for your family. You are working in another country while your family is left here in the Philippines. There will come a time when you may not be able to work abroad due to some circumstances. Don't let your years of sacrifice go to waste, invest now in Philippine Real Estate.
As Donald Trump, a Real Estate Billionaire, said, "Real estate is at the core of almost every business, and it's certainly at the core of most people's wealth. In order to build your wealth and improve your business smarts, you need to know about real estate."