Philippine Condotel Investment: A Good Alternative
Saturday, February 7th, 2009A Philippine Condotel Investment Marketing Company sees sustained growth during 2009 in the Philippine Real Estate sector despite the Global financial crisis.
This worldwide financial catastrophe has affected the economic growth of emerging economies such as the Philippines, where growth slowed down from an outstanding GDP growth of 7.3 percent in 2007 to a lower than expected expansion within the vicinity of 4.5 percent according to economic experts.
Despite this, experts say it’s time to go to back to the basics for 2009 as the remaining liquid investors flock to traditional investment instruments such as direct investments and ownership of real estate. The way to go is revisiting investment opportunities from bricks and mortar businesses or companies which have a physical presence that offers face-to-face customer experiences, ” says Beth Collingz, overseas marketing director of PLC Global, lead marketing partners for the Lancaster Condotels in the Philippines.
Moreover, highly populated countries like the Philippines which, among other sources rely on export revenue; can fall back on its human resources to survive the global financial crisis. The law of
supply and demand tells us that if the Philippines’ export sector is on the downturn because of the recession in the global export market, it can shift to its huge internal market to compensate a shortfall in exports into manufacturing for domestic consumption.
