What is the demographic of the typical Philippine Condo Hotel buyer?
The spectrum of condo hotel buyers in the Philippines is pretty broad. There are both local Filipino families and Overseas Filipinos and a growing number of International clients that want a second home in a either Cebu, as a vacation destination, or the capital Metro Manila for investment purposes or both. There are a growing number of baby boomers from all parts of the world whom, are at or nearing retirement and want somewhere they can “winter” and there’s no better place than the Philippines with its English speaking population and ease of access from Europe or the United States. There are also plenty of overseas investors who purchase condo hotel units or buy to let suites with little intention of ever using it; they’re in it solely for potential appreciation of the real estate and higher rates of rental income.
