|The rise of the Philippines|
|14 September 2016 |
While Dubai’s residential real estate is on course for recovery in 2017, July’s activity was particularly driven by commercial property. Office vacancy rates are falling and demand for space remains high. Opportunities such as a co-working office development in the city are opening up new avenues in the emirate’s economy.
Demand for high end hotel accommodation in the Philippines has never been greater and the country is racing to increase supply enough to keep up with demand. With high quality new resorts required in key tourism hotspots, international investors are keen to buy into the Philippines now in order to be part of the wave of new construction that is required to service the increased level of visitors.
The Asia Pacific region is the most improved in the world for real estate transparency has furthered this significant trend of international demand for resort investments in the Philippines.
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