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Cebu Condotels
Cebu Condotel conversion Takes Advantage of Philippine Real Estate Boom
ImageExpatriates and overseas Filipinos have been fueling a housing boom in Cebu, making them the industry’s top market because of their willingness to invest in quality housing or lease, short and medium term condos driving rents up to new highs.

Cebu is located 365 miles south of Manila and can be reached in an hour through air travel, it is in the east of Negros Oriental, southwest of Leyte and northwest of Bohol. Strategically located at the heart of the Visayas, it serves as the jump-off points to satellite destinations in the Visayas-Leyte, Bohol-Panglao, Samar, Dumaguete, Siquijor and Mindanao islands - Cagayan de Oro, Camiguin and Surigao del Norte. It is positioned as a resort and convention destination.

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Lancaster condotels Welcomed Rick Astley
Lancaster Condotels Welcomed Rick Astley
Lancaster Condotels Welcomed 80’s Music Icon Rick Astley to Manila, Philippines

ImagePopular 80’s music icon Rick Astley stayed at Lancaster Suites Manila during his concert tour in the Philippines. Famous for his hit songs– "Together Forever" and "Never Gonna Give You Up"– Rick came to the country for the first time in concert at the Araneta Coliseum last August 1

Beth Collingz, overseas marketing director for PLC Global and lead marketing partners with Pacific Concord Properties Lancaster Brand of Condo Hotels in the Philippines said Lancaster Suites Manila are pleased to be able to accommodate Mr. Astley and his entourage during his visit to the country.

Born Richard Paul Astley in Lancashire, England, Rick made an impact with his first solo single, "Never Gonna Give You Up," which was released in 1987. The song was an instant success, spending five weeks at the top of the British charts and becoming that year’s highest-selling single. "Never Gonna Give You Up" also topped the singles chart in the US, followed by a second No. 1 hit in "Together Forever."

Lancaster Suites, centrally located along Shaw Boulevard, Metro Manila some 200 meters from EDSA-Shaw Boulevard Light Rail Transit Station and the Ortigas Center business district, provides guest access to its own unique Mini Mall feature with prerequisites of the urban dweller. Schools, hospitals, banks, restaurants and shopping malls are all found within a few minutes from the Condotel. This ideal location will complement the Condotel operation since Lancaster Suites Manila will function as a condominium hotel – a preferred accommodation choice of businessmen and holiday travelers alike. Clients can either purchase Condotel Suites for investment purposes or lease the units on weekly, monthly or yearly basis.

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Philippine Rental Yields
Philippine Rental Yields
Philippine Rental yields emerge as vital for hard pressed UK buy-to-let investor market options

ImageIn the current UK economic climate buy-to-let overseas is emerging as a good prospect for those seeking an income and there is always a lot of discussion on this topic in property forums.

UK property investors looking to have an income from their investments are often advised to buy in locations with a strong tourist industry, but there are markets where good rental yields can be obtained that don't rely on tourists. The Philippines is one such area.

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Russian Investors
Russian Investors turn to Philippine Condo Hotel property investments
Image Nuevo cash rich Russians have been buying high end property in the UK. Now, despite London still being a popular destination, the new emerging middle class turn to cheaper and more affordable properties in the Philippines where the sun shines.

First-time Russian overseas buyers from a booming cash economy fuelled by gas and petrol dollars are now looking at South-East Asia and particularly the Philippines. Persistent bad weather has also encouraged people to buy homes in places where sunshine can be relied on and prices are a fraction of those in Europe.

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Philippine Real Estate Market
The Philippines is the hottest real estate market in Southeast Asia
ImageTourism, offshore property investors and local real estate developers are driving the property market in the Philippines to the top of real estate investors' list, said Manila Condotel Investment group PLC International Marketing Networks.

Beth Collingz, sales director of PLC International Marketing Networks whom specialize in the Lancaster Brand of Condotel Investments in the Philippines said "Foreign investors are looking at the positive effects of the stable Philippine peso, increasing tourist arrivals, the BPO boom, and the positive effect of overseas Filipino worker (OFW) dollar remittances into the country with investment opportunities in tourism and real estate remaining a high priority in Metro Manila and Cebu”.

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