Invest in real estate in Manila Philippines?

Before leaving the Philippines I am a few days in Manila for shopping. I went to the megamall Mandaluyong which is gigantic and I was alpacuted by real estate sellers who are selling condos of a brand new residence in the neighborhood. I was not in a hurry so I listened to their speeches. And I left with this flyer.

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What I heard here in Manila is not unlike what I have seen elsewhere in the world. Here are 10 things to watch out for before investing on this type of program here in Manila or anywhere in the world:

So if you are interested in this type of investment you have to thoroughly study the subject, negotiate the purchase price, and refrain beoing easily seduced by sales techniques of sales people.

I obviously did not buy. It is true that this kind of opportunity it is tempting because for the foreigner that I am the ticket is very affordable. A few tens of thousands of dollars, which for someone who has managed like me to develop several sources of income, I could buy cash several properties like this one a year. But I keep the Philippines on my radar because I am convinced that it is a country with very high potential, and unlike other Asian countries it has the great advantage of having all its administration and all the economic life, the world business that is done in English.

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