@Jonny Nila I've had several investments in the Philippines that have done very well and all made money but the business is very different than here in the US and I would describe it as a high risk high reward environment. The market is quite fragmented and highly illiquid due to several factors but therein lies the opportunity. Purchases are usually done in all cash transactions. Mortgages by banks require 50% down payments usually or if you buy them from developers you could get better deals. There is no escrow but done through lawyers. There is no such thing as title insurance and real estate agents there don't have licenses. I bought bank REO condos there before and I got them for dirt cheap and flipped them for almost triple the value in a few years. This was many years ago and the market is much different now so REO deals are pretty much gone.
I think there's a lot of opportunity in the low to mid income housing rentals if you buy right in the right areas or if you're looking for an appreciation play you have to buy quality. I would equate investing there to buying in Detroit. You can get really high returns if you do it in the right places with each street and building being different. You make a mistake you can take a large loss.
The currency is volatile but has stayed within a certain range and currently at a price that favors foreign investors but is still a risk. There are ways to hedge it but you have to be a big investor.
I recommend you have a team there that's really experienced that you can trust that knows what they're doing. If you are still serious in investing there let me know and I'll help you the best way I can.
