Real Estate Investment in Today’s Economy

Real estate investments in the Philippines have continued to rise over the years. Despite of the economy’s ups and downs in 1997, real estate industry began to stabilize in 1999 because foreign investors have seen the country as a pleasing tourist destination. In fact, according to Fitch Ratings and Standards & Poor’s evaluation, Philippines’ Gross Domestic Product (GDP) last year (2012) increased by 6.6 percent, which was the highest in…