Metro Manila, Philippines, June 26, 2007 --(PR.com
)-- Beth Collingz, of PLC International Marketing Networks, Lead Marketing Partner with Pacific Concord Properties Inc., whom have Condo Hotel or ‘Condotel’ developments in the Philippines, and whom specializes in working with international clients in a recent conference with UK Investors held in Cebu, said: “Since the Dollar value depreciated and UK Pound Sterling hit 92:1 on the Philippine Peso, my phone has been very busy with buyers from the UK interested in purchasing investment properties and holiday homes here in the Philippines.
A major driving factor in overseas property investments from the United Kingdom is UK Tax Payers taking advantage of tax incentives and Investing their Self-Invested Pension Plan [SIPP] In Philippine Condotel Investment Real Estate for Rental Income and Retirement said Collingz.
Until recently, few people in the UK realized they could manage their Pension Plan portfolios themselves, and even fewer knew they could invest their SIPP retirement money in homes in the sun which now prove to be among the most popular potential investments to include in a SIPP
If you’re considering using your SIPP to invest in real estate, there are some excellent reasons why you should choose Philippine Condotel Investment real estate to drive your retirement portfolio into high profit margins. The Philippines is ideal for this type of investment because a SIPP can establish title to a property in a country whose legal framework recognizes trusts – and a SIPP is simply another form of trust.
“Investing in foreign real estate is neither as risky nor as tricky as a lot of people would have you believe. While land and housing prices in the U.K. have soared astronomically in the past decade, the world real estate market is a far different story. It’s still possible to buy a preconstruction Condotel suite at Lancaster – The Atrium located in Metro Manila, Philippines, for less than GBP £25,000.00”
“The beauty of holding property in the Philippines is the low cost of property taxes and maintenance. A GBP £25,000 Condotel suite will only set you back GBP £100 in property taxes per year, and maintenance costs are similarly low. When you add in the tax-protected status of investments made in your SIPP, annual off plan property appreciation and the 8-16% returns through rental income through the Condotel advantage, you have an incredible ROI on a purchase of Philippine Condotel investment real estate” enthused Collingz.
“Potential high rates of rental returns from Condo Hotel Investments, up to 16% per annum, opens up a huge market. Self-Invested Pension Plans and Lancaster Condotels, fit this bill exactly,” adds Collingz.
Further info regarding Condotel Investments in the Philippines can be found on the firm's website.