I have recently come across an offer for an 'off-the-plan' apartment in a resort near Talisay and Lake Taal (55km SE of Manila). An Australian company is managing the investment, rents are paid in Australian dollars and managed by an Australian Property Manager.
Does anyone have any experience investing in the Philippines? The deal offered is very attractive but I am wondering if there are any obvious pitfalls to look out for.
Thanks
hi stebs, i have come across the same investment , balai isabel. thru cameron bird, who did u deal with. have reserved one and am now doing due dilligence. have you gone ahead with the deal. very interested to know how u got on.
my 2c
Off the plan resort in Australia is fraught with potential issues, let alone the Philippines. Make sure you factor in the political risk – it is still a third world country.
What is the finance situation like in the Philipines? Can non-residents get loans?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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