The real estate market in the Philippines has been improving in recent years. Overseas Filipino workers have been fueling the demand for real estate. I don’t think I remember seeing as many project developments and ads for property projects before as I see today.
Aside from individuals wanting to own their home or have a piece of property, some individuals buy such projects for investment purposes. They look forward to eventually renting the property out or selling it at a higher price. In a scenario where there are no buyers or individuals wishing to rent the place, parents may just decide to turn the property over to their children.
When investing in property, it is important to choose the right location, as well as the right property developer. You wish to ensure that the project will be finished on time. You need to be able to buy it at the right time, at the right price and it is also tricky to know when the right time to sell or dispose of it would be and at what price.
I wonder what George Lindemann Jr would have to say about such timing?
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