Wednesday, September 15, 2010

FOR my Phillipine Readers: Foreclosures bring opportunity

I have not had the opportunity to personally observe what is happening in the Philippines, but have read that the foreclosure market there is bringing great opportunity for housing at reasonable rates.  While some of our local foreclosures in Arizona are 75-150K you can pick up a true bargain in the Philippines  for around 10-30K.  This is not an apple to apples comparison, however, since condominiums and single family housing on a lot are very different apples. 

The Philippine economy is not that much different than the US or UK counterparts in the housing market in that the whole global economy seems to be on the decline.  Until recently the stock market has been doing okay for the Filipinos, so time will tell what happens.  I hope that some of  our friends from overseas will chime in and paint a picture for us.    

Since I am no expert, I have Googled  and found links that might be useful.  Any comments are welcome! 

1 comment:

Rumana Akter said...

It seemed to be a good morning the young real estate investor stood in the flesh in front of the mirror. No wispy spirit, this was a man in the flesh, bone, muscle, and brain. The morning light shined in his eyes and his eyes shined back.

Real Estate