Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world. —Franklin D. Roosevelt
If you are going to ask any wealth investor about how the real estate industry is going on nowadays, you could only hear two things: a. “It’s thriving,” and b. “It’s such a very good investment.” And as much as you can observe, it really is. Think about the situation of real estate in the Philippinesthat are emerging these days, there are quite a lot. That is because investors can see the potential of the Philippine market industry specifically real estate, to become a great investment not only today but also in the incoming years ahead.
Real estate can generate an ongoing income resource. Like a property that you have owned, investing on it can rise in value overtime and can prove a good investment in the cash value of your owned home or land. You may also use it as part of your overall strategy to begin building with wealth. According to Morgan Stanley, a New York-based investment bank wealth-management unit, direct ownership of residential and commercial properties was the No. 1 alternative-investment pick for 2014, followed by real estate investment trusts, collectibles, private equities and precious metals, respectively.
Knowing that this is the outline in the U.S. economy, the Philippine economy has also been taking note of the flow of the other countries such that of the U.S. And with a pattern like this, it cannot be denied that real estate is a thriving investment even in the Philippines. Nonetheless, you have to be true to yourself that you are ready to take on the joy ride of investing in real estate, no matter what the challenges are.
Real Estate: A Great Investment
There may be a lot of reasons why real estate is a very top-notched investment. Not only here in the Philippines, but also acknowledged around the world, real estate has been a thriving economy that wealth investors are after.
Here are some reasons why real estate is a top investment to begin with:
Generally speaking, a government does really influence a lot of growth within its umbrella chain of specifics. Politics can hinder or flourish the economy’s growth, depending on how wise decision and lawmakers trance along the emerging patterns that have been scathing or unscathing its development. But one thing’s for sure, when a government oversees its private investors as key economy players in the field, real estate—being one of the top investments globally—shall continue its success throughout the years.
The economy now is continuing to find its way up, among countries involved. With the economy as one of the key focuses to be regarded, investing on realty properties would be a good choice. There may be a bit of pitfalls and risks to turn in order to maintain the stability of the economy (and that’s where the government and private sector comes in), yet there are far more reasons for you to devote on real estate properties. Long-term economic stability and growth ensure better conditions for more realty investments.
Richer and Stronger Realty Developers
Residential or commercially established structures are basically known as realty. Different kinds of properties are now sprouting everywhere, which means there has been a very competitive atmosphere for realty developers to show what they have got. It is normal to have a competition among the best institutions and companies knowing that you are one in the circle. And for the record, it matches an impressive approach to what business really is among developers. For home and land buyers, it is one thing to consider if the property you are eyeing on is under an excellent developer because it would mean a ‘pleasure-of-having-business-with-you” kind of deal.
Hotels, resorts and airports are now being well established by some of the private sectors because of the tourism that is rising. Tourism has been poised for sustained growth among countries over the years and coming, benefiting the real estate industry with higher demand on new establishments such as hotels, malls, resorts, buildings, ventures and even golf courses. It is not unusual if there are areas within your location that are now becoming more commercialized but the idea might spring up speculations as to traffic and environment is involved. Of course, every new establishment is well thought of especially from world-class developers.
Modernization has been ringing some ears over the years. And it is inevitable now especially that it is 2014 and that almost everything has been under the touch of modernization. Of course, the real estate realm would not be an exemption. Infrastructures are now coming in like mushrooms under well-known developers who can really live up to what their purpose and mission are. And with that, investing on a real estate property might have a slight chance of being underestimated because of its continuous involvement within the community.
Low Interest Rates
This might be a ringer for some because, who would want to deal with interest rates that are beyond necks? But for the record, banks are now opening the idea of offering low interest rates to those who are interested in investing their money on real estate. They have opened doors to more professionals and families buying their first homes and investments with housing loans. Moreover, with an access to lower bank interest rates, realty developers can pass on this advantage to homebuyers, through bank financing tie-ups or with their own flexible in-house financing offers.
In the years to come, there might be drastic changes on people’s cost of living and lifestyle due to the sudden outbursts of the differing statuses in the economy or elsewhere, but as long as the economic environment continues to improve, the property market will be able to sustain its growth. And making realty as an investment, as long as you know the drill, will not only become an achievement for you, but a fulfilling accomplishment as well.