- Economic Growth The Philippines has shown consistent economic growth in recent years, providing a favorable environment for investments. It was noted that for three consecutive years, Philippines are noted to have strong economic growth in 2023, after GDP growth for calendar 2021 rebounded to 5.6% y/y and strong growth momentum continued in 2022 at a pace of over 7.6% y/y.
- Demographic Advantage: With a large and young population, there’s a growing consumer market and labor force.
- Real Estate Opportunities: The real estate market, both residential and commercial, offers various opportunities, especially in urban areas. Discover the promising trajectory of the Philippines’ economic growth, unlike the volatility seen in other global markets. The real estate market in the Philippines remains stable and on an upward trend, offering affordability compared to Hong Kong, Japan, the US, and others.
- Tourism Potential: The country’s natural beauty and cultural attractions contribute to a thriving tourism industry, influencing sectors like hospitality and real estate. There are many things to do. You will be amazed on Boracay and Palawan’s stunning beaches. Because the Philippines is an archipelago, there are ample of water related activities that tourist can enjoy like snorkeling, diving and island hopping. Also, the country offers various sports activities such as trekking, caving and ziplining. Furthermore, Philippines offers more budget-friendly travel options.
- Strategic Location: The Philippines is strategically located in Southeast Asia, making it a gateway for businesses looking to expand in the region. Philippines is known to be the natural gateway to the East Asian Economies, having one of the most active and resilient economies in the Asia-Pacific region.
- English Proficiency: English is widely spoken, making it easier for international investors and businesses to communicate and operate. Moreover, Filipinos are known for warm hospitality that contributes to a more positive and welcoming environment for tourists.
- Remittances from Overseas Filipinos: The significant number of overseas Filipino workers contributes to remittances, which can positively impact the economy and certain sectors, including real estate. The impact of remittances has contributed and fueled a strong domestic demand for consumption goods, boosted the peso, alleviated the international debt burden, tamed inflation, increased foreign exchange reserves and provided a better picture of the Philippine economy.
To know more about investing in the Philippines, click here.
Dorotea Tuzon 
Leave a comment